26 Dec '14, 12pm

Dizzying Renewable Energy Price Declines Can Help States Meet Ambitious Carbon Targets

As we wrote in comments submitted to the Environmental Protection Agency this week on its plan to cut carbon pollution from the country’s existing power plants, wind and solar costs are now a mind-blowing 46 percent lower than the EPA estimated in its draft proposal this summer. As a result, our updated modeling shows that the Clean Power Plan can easily and cost-effectively spur the development of an additional 143 terawatt-hours of renewable energy in 2030, compared to EPA’s June estimate. That’s enough electricity to power an additional 14 million-plus homes. Though EPA’s draft Clean Power Plan proposal promises important carbon pollution cuts of 26 percent by 2020 and 30 percent by 2030, pollution-free power from the sun and the wind can help us deliver much healthier ones —36 percent by 2020 and a sizeable 44 percent by 2030, giving states more options as they design ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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