US State of the Union Calls for 80% clean electricity in 2035During his annual State of the Union Address President Obama called for an American commitment to innovation and advanced, clean energy.
President Obama has laid out a Blueprint for an energy strategy which relies on “American-made energy and the skills of American workers”.
COMMITTING TO CLEAN ENERGY
Implementing a clean energy standard: The centerpiece of President Obama’s plan to develop and use more clean energy calls for establishing a “clean energy standard,” which would require utility companies to produce a larger percentage of their electricity from clean energy sources over time –including renewable sources such as wind, solar, biomass, hydropower, and nuclear, among others. With this requirement in place, clean sources would account for 80 percent of our electricity by 2035. Besides reducing carbon emissions, implementing a standard would create a larger domestic market for developing new, innovative energy technologies—and the many jobs that would come along with it.
Targeted tax incentives: To further support a growing clean energy industry, President Obama’s Blueprint calls for renewing and extending a number of already successful tax incentives. This includes tax incentives for clean energy manufacturing, which could create up to 100,000 jobs, and the Production Tax Credit to support investment in the deployment of clean energy technologies.
Opening public lands: Developing the new technologies we need is only one part of the clean energy equation. The other part requires […]
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The CTC Network promotes the accelerated transfer of environmentally sound technologies for low carbon and climate resilient development at the request of developing countries.
