Clean Energy Standard Could Have Big Impact
A Clean Energy Standard could reduce power sector carbon dioxide emissions
Wednesday, May 16 2012
On March 1, I shared a great post on the newly proposed Clean Energy Standard Act of 2012. Two months and one day later, the Energy Information Administration (EIA) released a report on an analysis of the Clean Energy Standard Act. The general conclusions are presented in the following EIA post:
EIA recently released an Analysis of Impacts of the Clean Energy Standard Act of 2012, pursuant to the request of Chairman Bingaman of the Senate Committee on Energy and Natural Resources. According to EIA’s analysis, the proposed policy would reduce electric power sector carbon dioxide emissions 44% below EIA’s Reference case in 2035 (see chart above). National average delivered electricity prices would increase 18% above the Reference case by 2035. However, for years before 2025, the national average electric power price increase due to the proposed policy is less than 5% above Reference case values.