VIA It's Getting Hot In Here "at 0.001 percent, 35 percent growth doesn't amount to much."
Advocates of the Waxman-Markey American Clean Energy and Security Act (H.R. 2454, or "ACES" for short) argue that the bill is far more than just a climate bill. It's a comprehensive piece of clean energy, efficiency and climate legislation, and taken as a whole, they argue, it should be considered transformational — even if the cap and trade portion of the bill may have been significantly weakened (see Breakthrough's detailed analysis of the ACES cap and trade program here).
But the question remains: will ACES really be transformational? And will it propel American quickly away from business as usual and towards the prosperous clean energy economy and dramatic emissions reductions we need?
Breakthrough's team has taken a close look at the bill's cap and trade provision, and discovered that the combination of offset provisions and a little-known provision called the "strategic reserve pool" could allow U.S. emissions to greatly exceed the supposed emissions "cap" set by the legislation.
Here we examine one of the other major provisions of the ACES bill, the national renewable electricity standard (RES) established by Title I of the bill. Unfortunately, our analysis concludes that the RES has been severely weakened since initially proposed in the discussion draft version of the ACES bill; as it now stands, the RES may barely increase U.S. renewable electricity generation compared to business as usual projections.
We conclude that as it now stands, business as usual renewable electricity generation may exceed the renewable electricity requirement if the discretionary efficiency waivers are fully utilized, and will boost qualifying renewable electricity generation to just 2 percentage points higher than business as usual in 2025 if the efficiency waivers aren't utilized at all. In short, the ACES RES will have between little to no impact on renewable electricity generation through 2025
We also compared the amount of qualifying renewable electricity required by the two version of the renewable electricity standards, and conclude that the H.R. 2454 version of the renewable electricity requirement, as passed by the E&C Committee, is 14% weaker than the originally proposed discussion draft standard in 2020 and 40% weaker in 2025, as illustrated in the graphics below…
It's no wonder neither the American Wind Energy Association or VoteSolar are particularly exuberant about the passage of the ACES bill through the Energy and Commerce Committee.
Here's AWEA's remarks & here's VoteSolar:
Nearly any policy action that encourages more renewable energy is A-OK with us. … However, as currently written, none of the pending RES policies will deploy significant amounts of solar. According to the Department of Energy's analysis of that 25 percent RES by 2025, which again is much stronger than the compromise goals emerging from Committees, the federal RES structure could lead to a 35 percent increase in solar compared to a 678 percent increase in wind. When you're starting at 0.001 percent, 35 percent growth doesn't amount to much.
Read full originally posted at the Breakthrough Institute (VIA It's Getting Hot In Here )