Page:United States Statutes at Large Volume 119.djvu/1130

 119 STAT. 1112

Public information.

Notification. Public information.

VerDate 14-DEC-2004

08:19 Oct 26, 2006

PUBLIC LAW 109–58—AUG. 8, 2005

domestic barriers to the commercialization and deployment of greenhouse gas intensity reducing technologies and practices. ‘‘(2) REQUIREMENTS.—In developing the recommendations under paragraph (1), the Committee shall consider in the aggregate— ‘‘(A) the cost-effectiveness of the technology; ‘‘(B) fiscal and regulatory barriers; ‘‘(C) statutory and other barriers; and ‘‘(D) intellectual property issues. ‘‘(3) DEMONSTRATION PROJECTS.—In developing recommendations under paragraph (1), the Committee may identify the need for climate change technology demonstration projects. ‘‘(4) REPORT.—Not later than 18 months after the date of enactment of this section, the Committee shall submit to the President and Congress a report that— ‘‘(A) identifies, based on the report submitted under subsection (f)(3), any barriers to, and commercial risks associated with, the deployment of greenhouse gas intensity reducing technologies; and ‘‘(B) includes a plan for carrying out demonstration projects. ‘‘(5) UPDATES.—The Committee shall— ‘‘(A) at the time of submission of the report to Congress under paragraph (4), also make the report available to the public; and ‘‘(B) update the report every 5 years, or more frequently as the Committee determines to be necessary. ‘‘(h) PROCEDURES FOR CALCULATING, MONITORING, AND ANALYZING GREENHOUSE GAS INTENSITY.—The Secretary, in collaboration with the Committee and the National Institute of Standards and Technology, and after public notice and opportunity for comment, shall develop standards and best practices for calculating, monitoring, and analyzing greenhouse gas intensity. ‘‘(i) DEMONSTRATION PROJECTS.— ‘‘(1) IN GENERAL.—The Secretary shall, subject to the availability of appropriations, support demonstration projects that— ‘‘(A) increase the reduction of the greenhouse gas intensity to levels below that which would be achieved by technologies being used in the United States as of the date of enactment of this section; ‘‘(B) maximize the potential return on Federal investment; ‘‘(C) demonstrate distinct roles in public-private partnerships; ‘‘(D) produce a large-scale reduction of greenhouse gas intensity if commercialization occurred; and ‘‘(E) support a diversified portfolio to mitigate the uncertainty associated with a single technology. ‘‘(2) COST SHARING.—In supporting a demonstration project under this subsection, the Secretary shall require cost-sharing in accordance with section 988 of the Energy Policy Act of 2005. ‘‘(3) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated such sums as are necessary to carry out this subsection.

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