Last week, I attended the Clean Economy Summit in Washington DC. It was full of movers and shakers in the emerging markets of clean and green business. The following series of posts are from an article by Don Schjeldahl, Vice President of Renewable Energy Strategies.
Continued Growth in Renewable Energy
“Congressional inaction aside, continued growth in renewable energy and related industries in the U.S. is expected but perhaps not as robust as it might be. Helping move the market forward in the leadership vacuum are federal and state regulators who will likely step forward to drive industry supporting initiatives. Guaranteed markets for renewable energy products exist in the 29 states that have adopted mandatory RPS. An additional seven states have RPS goals.
Limits placed on greenhouse gas emissions, such as carbon cap-and-trade legislation, would help renewable energy markets to develop by shifting demand from coal to non-emitting power sources. The Environmental Protection Agency (EPA) has authority, under the Clean Air Act and confirmed by an April 2007 Supreme Court ruling, to regulate greenhouse gas emissions. However it is unlikely that the EPA will issue carbon regulations anytime soon.
Congressional and EPA inaction on carbon doesn’t mean the EPA won’t dramatically impact the future for renewable energy. By mid-2011 the EPA is expected to finalize power plant emission regulations for mercury, SOx (sulfur oxides) and NOx (nitrogen oxides) under the current Clean Air Act. With compliance targeted for 2015, up to 30% of U.S. coal plants could be decommissioned because they use older technology and plant upgrades are not economical. When this happens greenhouse gas emissions will be reduced by default and renewable energy systems become more attractive from both cost and clean air standpoints.”
~
Part 7




