It’s Official, Solar is the Fastest Growing Source of Energy
With all of the different types of energy sources to choose from, solar is the fastest growing source of energy in the United States. That trend could continue as the Obama Administration announced on August 3rd, 2015 a new incentive called the Clean Power Plan. Is this a big deal? Yes it is and here is why. The plan has the potential to transform the American electricity industry, urging utilities throughout the United States to utilize clean energy to a much larger degree.
Established under the Clean Air Act, the Clean Power Plan creates state-by-state targets for carbon emissions reductions, and it offers a flexible framework under which states may meet those targets. When all is said and done according to the EPA, this act of Congress will have reduced emissions up to 32% below 2005 levels by year 2030.
Edison Electric Institute (EEI) President Tom Kuhn issued the following statement today on the Environmental Protection Agency’s (EPA’s) final Clean Power Plan,
“Throughout this rulemaking process, EEI raised a number of issues, and EPA seems to have responded to some of our key concerns. While we are still reviewing and analyzing the rule’s specifics and the impact of the restructured interim goals, the final guidelines appear to contain a range of tools to maintain reliability and better reflect how the interconnected power system operates.
We appreciate EPA’s significant outreach over the past year. Given the length and complexity of this rule — and the many stakeholders it affects — challenges will remain. EEI and its member companies will continue to work with the states as they develop plans that meet their state energy needs.
Today utilities are focused on the transition to a cleaner generating fleet. In 2014, utilities reduced carbon dioxide emissions by 15 percent below 2005 levels, and nearly one-third of U.S. power generation came from zero-emissions sources — nuclear and renewables. In addition, between 1990 and 2014, emissions of nitrogen oxides were cut by 74 percent and sulfur dioxide emissions were reduced by 80 percent, during a period when electricity use grew by 36 percent.
Our industry also is making significant investments in renewables and in the grid infrastructure needed to deliver renewables to customers. In fact, utility-scale solar projects now amount to almost 60 percent of installed solar capacity, and the amount of electricity produced from wind doubled from 2010 to 2014. As always, EEI’s member companies remain committed to providing reliable, affordable, and increasingly clean electricity to all Americans” If it’s good enough for Tom, its good enough for me.
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