While increased U.S. oil production has delivered short-term economic benefits, our ongoing dependence on oil is still creating serious risks to business investment, national security and the environment.
At a time of record low renewable energy power purchase agreements in the U.S.—as projects compete for buyers before federal subsidies expire—corporate buyers could bring real benefits to other energy customers.
Until now, community solar has largely benefited residential and small non-residential customers in a specific community. Yet there are other stakeholders who also want to get into the shared renewable space—large corporate buyers.
As a former U.S. energy secretary, UN ambassador and governor of New Mexico, WRI Board Member Bill Richardson has watched the debate over the Clean Power Plan with keen interest. Here he explains how this common-sense rule to cut dangerous air pollution can help U.S. states and the national economy, while putting the United States in a leadership position in dealing with the international issue of climate change.
WASHINGTON (August 3, 2015)— The Obama administration is expected to announce today historic plans to regulate carbon emissions from existing power plants for the first time. The Clean Power Plan would reduce emissions by an average of 32 percent from 2005 levels by 2030.
Following are statements from WRI's Andrew Steer, Jennifer Morgan and Sam Adams.
Andrew Steer, president and CEO, World Resources Institute:
A new report lays out 10 recommendations that could deliver 96 percent of the emissions reductions needed by 2030 to keep global warming to safe levels while also generating economic benefits.
Thirty-nine countries now have carbon-pricing policies on the books, while hundreds of businesses have voiced support. Pricing carbon, which was just a theoretical concept a few years ago, has blossomed into real climate action.
Certain large electricity consumers in Rajasthan state will need to get about 10 percent of their power from renewable sources—or risk getting fined.
Creating a New Approach from the Ground Up
For more than two decades, crafting global actions that all nations believe to be equitable has been a central challenge for international climate policy.
A new approach is required to resolve this challenge. Building on the experiences of 23 countries, this report demonstrates...