With growing emphasis on climate policy heading into the 2020 election season, American Council on Renewable Energy (ACORE) - the GRC is a member - has released a white paper assessing notable climate policy approaches for their impact on renewable energy growth and investment, including a federal high-penetration renewable energy standard or clean energy standard, a technology-neutral tax credit, and carbon pricing regimes.The new report, Advancing America’s Climate Leadership: Policy Options That Most Effectively Put Renewable Energy to Work, helps lay the groundwork for implementation as ACORE offers policy design recommendations and identifies complementary measures to ready the electric grid for the higher levels of renewable energy penetration necessary to achieve ambitious greenhouse gas (GHG) emissions reductions.
Here are some of the report’s key takeaways:
- A federal high-penetration renewable energy standard (RES) or clean energy standard (CES).
- A technology-neutral tax credit for zero or low-carbon electricity generation.
- Carbon pricing.
- We must modernize our antiquated electrical grid.
