Prescribes research and development program goals to implement such policy in connection with enhanced: (1) energy efficiency; (2) renewable energy; and (3) biomass energy and related chemical research.
Directs the Secretary of Energy to: (1) submit to Congress an assessment of renewable energy resources available for commercial application; (2) commission an independent assessment of innovative financing techniques to facilitate construction of new renewable energy and energy efficiency facilities that might not otherwise be built in a competitive market; (3) provide assistance to private sector entities for the commercial application of renewable energy and energy efficiency technologies; and (4) establish an education and outreach program on renewable energy and energy efficiency technologies.
Directs the National Aeronautics and Space Administration to seek to develop: (1) technologies that will enable a 50 percent increase in aircraft engine energy efficiencies by 2010; and (2) air transportation management operational concepts and procedures that will enable a 25 percent increase in the energy efficiency of the overall air transport system on a per flight basis by 2010.
Requires the Director of the Office and Science and Technology Policy to oversee a review of each Federal agency's regulations and policies for emerging renewable energy and energy efficiency technologies and processes.