This summer's wave of climate catastrophes – deadly heatwaves, wildfires, floods and storms across every continent – is telling our political leaders that there is no time to deal with the climate emergency. President Biden has made climate action the centerpiece of his Get Better American Jobs agenda and plan. The budget resolution released this week by the Senate Appropriations Committee includes a number of important climate provisions that, if passed, would make significant progress in reducing pollution and building clean energy.
At the heart of President Biden's proposal is cleaning up the country's electrical system, the second-largest source of carbon dioxide pollution contributing to the climate crisis. The president has set a goal of 80% clean electricity by 2030. Reducing emissions from plants of this size would achieve at least half of President Biden's pledge to reduce overall pollution caused by climate change in the US by 50-52% by 2030. The United States is on track to meet the president's goal of a 100% clean electrical system by 2035.
The rigorous analysis summarized in this blog shows that achieving an 80% clean electricity sector by 2030 is achievable and will deliver significant climate, public health, economic and employment benefits that far exceed the cost of investment.
The first opportunity to achieve the goal of 80% clean electricity by 2030 is through budget reconciliation legislation currently under consideration in Congress. The budget resolution released this week by the Senate Appropriations Committee includes the Clean Energy Payment Program (CEPP) and federal clean energy incentives to achieve this goal.
Meanwhile, the president's Environmental Protection Agency (EPA) is responsible under current law, the Clean Air Act, for setting standards for carbon dioxide emissions from coal- and natural gas-fired power plants, replacing the rule of doing nothing rejected by the Trump administration. by court order in January.
A number of analyzes suggest that moving from the current 40% cleanup rate to the 80% target by 2030 can be achieved one way or another, with huge environmental and health benefits that moderate the costs.
80% clean electricity brings huge benefits
Several recent analyzes have assessed the feasibility and costs of accelerating the use of clean energy by 2030. Overall, the modeling work concluded that 80% of the target could be achieved at a reasonable cost by 2030, leading to the rapid deployment of renewable energy, creating 500,000 to 500,000 net new jobs per year and, through reducing global warming emissions and other harmful pollution, brings enormous benefits.
The table below summarizes key findings from multiple analyzes of the proposed Clean Energy Standard (CES). CEPP is an investment program designed to achieve the same results as CES. Similar results could be achieved through Clean Air Act regulations, although they may not be necessary if Congress adopts a CEPP that does the job.
Accelerating clean energy development at this rate will have enormous benefits for public health and the climate. Multiple policy projects to achieve 80% to 86% zero-emission electricity by 2030 would result in a more than 80% reduction in carbon dioxide emissions from 2005 levels, an 88% to 98% reduction in emissions of sulfur dioxide and 71% 71% reduction in nitrogen oxide emissions by 91% compared to the normal situation.
These pollution reductions will reduce climate impacts and improve air quality. For example, the Clean Energy Futures study concluded that developing clean electricity to become 100% clean by 2040 would result in$1.8 trillion in climate and public health benefitsPrevent more than 300,000 premature deaths. Health and climate benefits outweigh costscincorepeatedly. Stronger policies to make 80% of electricity emission-free by 2030 will bring even greater benefits. NRDC modeling found that the benefits of reaching the 80% target are5 to 9 timesof the cost in 2030.
Not only do the benefits far outweigh the costs, but federal policy can protect families and businesses from the costs that exist. For example, CEPP could use federal funds to cover the additional costs of transitioning to clean energy and keep electricity costs low for customers.
80% clean electricity is widely supported
Federal policies to achieve 80% clean electricity by 2030 and 100% clean electricity by 2035 enjoy broad public support. all over the country,62%100% of people support holding the CES in 2035, while only 30% are against it. The call extends to every district in the country – most of all 50 states and 429 of the 435 congressional districtssupportFederal action to achieve 100% clean electricity by 2035.
Many energy companies areThey are committed to cleaning up their portfolioOn a similar schedule. Xcel Energy, for example, has committed to reducing CO2 emissions by 80% by 2030, while Xcel Colorado plans to achieve 80% renewable energy emissions by the same date. In April, 13 dealershipsVisitThe Biden administration is adopting policies to meet the 2030 timeline.
Clean energy brings huge job growth
Wind and solar jobs are already the fastest-growing job category in the country. Now is the time to accelerate this growth. Achieving 80% clean electricity by 2030 will result in a net increase of more than500.000Net new jobs will be created by 2030, according to Energy Innovation analysis, and NRDC's preliminary analysis reveals even greater gains – millions of net new jobs will be created over the next decade. Federal, state and private sector safeguards ensure that clean energy workers receive living wages and benefits and have a safe and healthy work environment,By ensuring rapid growth.
Settlement legislation must include the CEPP and other supporting provisions
In addition to the Clean Energy Payment Plan (CEPP) to achieve 80% clean electricity by 2030, the settlement legislation must include the following additional provisions:
- Provide full long-term tax incentives for new clean energy projects;
- Subsidy program to accelerate the use of clean energy and phase out polluting facilities,
- Provide financing to address energy burden inequities and reduce electricity costs for low-income households,
- Investments in transmission and distribution systems,
- Provide funding to combat the cumulative burden of air pollution affecting environmental justice communities and
- Provides comprehensive wage replacement and payroll protection for affected workers in the electric power sector.
Lawmakers and the administration must develop and implement these investments in a way that implements President Biden's Justice40 Initiative.
At the same time, EPA should also propose strengthening Clean Air Act standards for electrical power system cleanliness, taking into account the actions Congress will take before finalizing those standards.
These actions by Congress and the EPA require immediate and simultaneous progress, as this summer's climate catastrophe shows that the United States is running out of time to act on the climate crisis.
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Various policy designs that achieve 80 to 86 percent zero-emission electricity by 2030 would result in greater than 80 percent reduction in carbon dioxide emissions from 2005 levels, as well as 88-98 percent reduction in SO2 emissions and 71-91 percent reductions in NOx compared to business as usual.What percentage of energy will be renewable by 2030? ›
The White House set out a target of 80% renewable energy generation by 2030 and 100% carbon-free electricity five years later. With 79% of total U.S. energy production still coming from fossil fuel sources as of 2021, achieving this goal will require billions of dollars in investments.Will clean electricity reach as high as 90% by 2030? ›
The analysis found that clean electricity as a percentage of total generation could increase to over 80% in 2030 under mid-case assumptions. The low-case and high-case projections place clean energy's share of electricity generation between 71% to 90%.What is bidens plan for energy? ›
President Biden's Bipartisan Infrastructure Law invests $7.5 billion in EV charging, $10 billion in clean transportation, and over $7 billion in EV battery components, critical minerals, and materials, and the Administration is on track to achieve the President's goal of 500,000 public electric vehicle chargers.What will be the main source of energy in 2030? ›
Despite the rapid growth of non-fossil energy sources, the composition of the energy basket will largely remain the same, and fossil fuels – oil, natural gas, and coal – will remain the main suppliers of energy, accounting for over 78% of the energy supply in 2030.What is the US renewable energy goal for 2030? ›
We've set a goal of goal for 100% of U.S. energy consumers to be able to choose residential or community solar that does not increase their electricity cost. The U.S. has set a goal to deploy 30 GW of offshore wind by 2030 and unlocking more than 110 GW of deployment by 2050.How much energy will we use in 2030? ›
The world currently consumes 27TWh of energy a year. By 2030, this will rise to 35TWh, of which 56% will be generated in the Asia-Pacific region. As consumption rises, the world is attempting to decarbonise and shift to renewable energy sources.What is the clean energy strategy for 2030? ›
The UAE government has approved an updated National Energy Strategy, enshrining goals to triple renewable power‑generation capacity and increase the share of clean energy (including nuclear) in the energy mix to 30% by 2030 as it prepares to host the COP28 international climate summit in November.What is the target for energy efficiency in 2030? ›
Final 2030 target
The updated legislation, including a new binding target, will enter into force in all EU countries after its publication in the EU Official Journal. This target sets the goal of consuming at least 11.7% less energy compared to the projected energy use for 2030 (based on the 2020 reference scenario).
Target 7. a: By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology.
These programs will provide $8.5 billion to states and territories to lower energy costs and increase efficiency in American homes by making home energy upgrades more affordable, while ensuring all communities have access to affordable, reliable, clean electricity and helping deliver on the President's ambitious clean ...Is the US moving away from fossil fuels? ›
The United States is pivoting away from fossil fuels and toward wind, solar and other renewable energy, even in areas dominated by the oil and gas industries.Did Biden lower energy costs? ›
In signing the Inflation Reduction Act last year, the President also secured the largest investment to advance energy security and combat climate change in American history—all while lowering energy costs for the American people.What is the difference between clean energy and renewable energy? ›
Clean energy is the generation of energy that does not produce greenhouse gas emissions. Renewable energy is the generation of energy from sources that can be replenished naturally over time. The differences between the two have different implications for reducing global greenhouse gas emissions.Can we replace fossil fuels by 2030? ›
In it renewable energy surpasses fossil fuels for electricity generation shortly after 2030. Renewable energy then dominates electricity generation by the 2050s, but even with an outlook that stretches to the end of the century, electricity doesn't pass 60% of “final energy”1 use.What are the 2030 energy and climate targets? ›
2030 climate and energy framework - existing ambition
Key targets for 2030: At least 40% cuts in greenhouse gas emissions (from 1990 levels) At least 32% share for renewable energyEN. At least 32.5% improvement in energy efficiencyEN.
Reaching 30% of generation means that in 2030, the U.S. solar industry will: install nearly 125 gigawatts (GWdc) annually – up from 19 GWdc in 2020. have built nearly 850 GWdc of total capacity – up from 95 GWdc at the end of 2020.What is the future of renewable energy in 2030? ›
Cheap electricity from renewable sources could provide 65 percent of the world's total electricity supply by 2030. It could decarbonize 90 percent of the power sector by 2050, massively cutting carbon emissions and helping to mitigate climate change.What is the global renewable energy forecast for 2030? ›
By 2030, solar and wind is forecast by RMI to supply over a third of all global electricity, up from around 12% today. Based on the forecasts, this would see solar and wind generate 12,000-14,000TWh by 2030, 3-4 times higher compared with 2022 levels.How close are we to 100% renewable energy? ›
Feasibility. No uniform definition for 100% renewable energy systems has been adopted across the published literature. Recent studies show that a global transition to 100% renewable energy across all sectors – power, heat, transport and desalination well before 2050 is feasible.