The Biden Administration has announced new carbon emissions targets. But what will it take to decarbonize power generation – and the rest of the economy – and how fast can we get there without breaking the bank or the electric grid?
Is a 100% renewable power system possible and what would it cost? How do we encourage the innovation needed to build the grid of the future?
Competitive power markets have ushered in clean energy technology – with competitive power suppliers increasingly building renewable and other low-carbon power generation solutions while shielding customers from investment risk. And competition can lead to significant decarbonization and more innovation at a fraction of the cost for consumers.
E3’s Arne Olson shares research on the costs and benefits of various clean energy policy approaches such as carbon pricing or a clean energy standard. Then, you’ll hear how the energy development firm Competitive Power Ventures is planning to build and invest in lower-carbon resources while providing cost-effective reliable electricity today.
Follow along with a transcript of the episode here.
Guests:
Arne Olson, senior partner, Energy + Environmental Economics (E3)
Thomas Rumsey, senior vice president, external and regulatory affairs, Competitive Power Ventures
Host:
Todd Snitchler, president and CEO, Electric Power Supply Association
Producer, Audio Editor:
Christina Nyquist, communications director, Electric Power Supply Association
Production Associate:
Sarah Krieger, communications associate, Electric Power Supply Association
Learn more:
E3 Study Shows PJM Region Can Cut Power Generation Emissions 28% With $2.8 Billion in Consumer Cost Savings | EPSA/ E3 | October 28, 2020
Least Cost Carbon Reduction Policies in PJM | E3 | October 28, 2020
CPV Develops 400+ MWs of Renewable Energy Capacity at Former Coal Mine Locations | CPV Media Center | April 22, 2021
