Amends the Internal Revenue Code to: (1) repeal the limitation on the number of new qualified hybrid and advanced lean-burn technology vehicles eligible for the alternative motor vehicle credit; (2) allow an energy efficient motor vehicles manufacturing tax credit; (3) allow an idling reduction tax credit; and (4) increase the small ethanol producer tax credit for sucrose and cellulosic ethanol producers.
Establishes a national tire fuel economy program for tires designed for use on passenger cars and light trucks.
Prescribes heavy duty vehicle fuel economy standards.
Directs the Secretary of Energy to require a specified petroleum consumption reduction for the federal fleet.
Amends the Clean Air Act to require the Administrator of the Environmental Protection Agency (EPA) to, among other things, establish: (1) a methodology for use in determining the lifecycle greenhouse gas (GHG) emissions of transportation fuel in commerce; and (2) a requirement applicable to each fuel provider to reduce the average lifecycle GHG emissions of transportation fuel produced, blended, or imported by the fuel provider to a specified level.
Revises provisions concerning the applicable volume of renewable fuel in gasoline.
Clean Power Act of 2007 - Requires the Administrator to promulgate regulations to achieve specified reductions in emissions of sulfur dioxide, nitrogen oxides, carbon dioxides, and mercury from certain electric generation facilities.
Extends the tax credits for: (1) renewable electricity production; and (2) residential energy efficient property.
Amends the Public Utility Regulatory Policies Act of 1978 regarding efficiency resource standards for retail electricity and natural gas suppliers.
Repeals the application of tax provisions to major integrated oil companies regarding: (1) the amortization of geological and geophysical expenditures; and (2) the allowance for depletion for oil and gas wells.
Abrupt Climate Change Research Act of 2007 - Establishes a program of scientific research on abrupt climate change within the Office of Oceanic and Atmospheric Research of the National Oceanic and Atmospheric Administration.