Congressman Tom Udall (D-NM) just introduced House Bill 969 which, to put one to sleep like all good legislation,
proposes to “amend title VI of the Public Utility Regulatory Policies Act of 1978 to establish a Federal renewable energy portfolio standard for certain retail electric utilities and for other purposes.”
Renewable is full-spectrum here — solar (including solar water heating), wind, ocean, tidal, geothermal energy, biomass, landfill gas or incremental hydropower.
Some 21 states have Renewable Portfolio Standards (RPS) — this would make it nation-wide and reasonable ambitious but not something unachievable.Â
A 2004 Union of Concerned Scientist analysis of a similar bill calculates the multiple benefits from a national portfolio standard: By 2020, a 20 percent RPS would create 355,000 jobs — nearly twice as many as electricity from fossil fuels would generate; competition from renewable energy generators would lower electricity and natural gas prices, saving consumers more than $49 billion on their energy bills; and farmers, ranchers and rural landowners would earn more than $16 billion in new income.
Okay, anyone want to explain to my 8-year old daughter while this is a bad idea?