RELEASE: Analysis Shows Missouri Can Exceed Clean Power Plan Targets with Clean Energy Policies and Efficient Use of Power Plants
WASHINGTON (January 7, 2016)– New analysis from World Resources Institute shows that Missouri can place itself in a strong position to meet or exceed its emissions target under EPA’s Clean Power Plan for reducing emissions from the power sector.
Under the Clean Power Plan, Missouri has a mass-based emissions reduction target of 29 percent reductions below 2012 levels by 2030. The analysis shows that if Missouri achieves its current energy efficiency and renewable energy goals and makes more efficient use of its natural gas and coal fleet, the state can get 90 percent of the way towards its target. If Missouri expands its renewable energy standard, the state can exceed its target, achieving 34 percent reductions below 2012 levels by 2030.
“Missouri has already taken steps toward meeting its Clean Power Plan goals,” said Sam Adams, director, U.S. Climate Initiative, WRI. “Missouri’s energy efficiency and renewable energy policies are creating jobs and spurring in-state investment. If Missouri expands on the progress it’s already making on energy efficiency and renewable energy it can seize important economic opportunities while complying with the Clean Power Plan.”
Missouri’s energy efficiency and renewable energy policies benefit the state. For example:
In 2014, the energy efficiency sector in Missouri employed 32,000 people, a number expected to grow if efficiency programs are expanded;
According to the American Wind Energy Association, Missouri’s wind industry has generated $1.4 million in annual land lease payments and $1 billion in total capital investment as of 2014, in addition to employing 6,000 workers that year;
Meeting the existing renewable energy standards could create 30,000 new jobs by 2021 and provide over $1 billion in new income to residents;
According to analysis by the American Council for an Energy-Efficient Economy, new energy efficiency initiatives in Missouri, including utility programs and building codes, could save consumers $6.1 billion and create 8,500 new jobs.
Currently, Missouri spends about $1.3 billion per year on importing coal from other states. By investing in efficiency and renewables, Missouri can reduce its imported coal consumption and keep more of its energy investments in-state.
“Missouri can come close to its Clean Power Plan emissions reductions target by following through on its renewable energy standard and voluntary energy efficiency goals and making smarter, more efficient use of fossil fuel power plants. And by expanding its renewable energy standard, the state can go even further,” said Rebecca Gasper, research analyst, WRI. “Missouri can use its existing clean energy policies to ensure the state continues toward a low carbon future while bringing economic benefits to its residents and businesses.”
The new analysis is part of a series from WRI, How States Can Meet Their Clean Power Plan Targets, that examines how selected states can meet, or even exceed, their standards under the CPP while minimizing compliance costs, ensuring reliability, and harnessing economic opportunities in clean energy.
For more information on WRI’s fact sheet How Missouri Can Meet Its Clean Power Targets visit http://www.wri.org/publication/power-plan-targets-missouri
Photo by Vincent Parsons/Flickr
- Communications Specialist