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States trump feds on green energy policy
...much of the real greening of America is taking place at the state level.
Driving the action are mandates - known ‘renewable portfolio standards' (RPS) and adopted by 30 states, as well as D.C. - that set targets, and timelines, for reaching a certain percent of overall power generation from renewable energy sources.
...Renewable energy remains more costly than conventional source of energy but that equation is quickly shifting in favor of renewables, and state mandates are accelerating that trend by driving adoption in the market, at initially moderate rates.
July 14, 2008
in CNBC
While there is a lot of environment-friendly talk in Washington, much of the real greening of America is taking place at the state level.
Driving the action are mandates - known ‘renewable portfolio standards' (RPS) and adopted by 30 states, as well as D.C. - that set targets, and timelines, for reaching a certain percent of overall power generation from renewable energy sources.
For many states these obligations - which fall on utilities to carry out - are just beginning to take effect but they are already a significant factor in the explosive growth of renewable energy.
"You certainly would not have... [continue via Web link]
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