Cautious celebration and deep concern – renewable energy standard on the Hill
Today, after a morning full of unexpected events on campus that resulted in my being locked inside for a bit, I came across a post by Daniel Goldfarb on the latest step in the energy saga. In his piece – titled “RES: Symbolism or Substance?” – Goldfarb discusses the pro’s and con’s of the renewable energy standard currently under consideration on the hill. This proposal includes a 15% federal renewable energy standard, where up to 4% coming from energy efficiency.
In Goldfarb’s words…
Amongst those who have fought for energy reform, the announcement that Senators Jeff Bingaman (D- N.M.) and Sam Brownback (R-Kan.) are pursuing a stand-alone renewable energy standard (RES) should be cause for both cautious celebration and deep concern. While a RES could be an effective tool to help catalyze a market for clean-energy, this particular bill falls short of the ambitious legislation needed to ensure that America is competitive in the global clean-energy economy. In talking about this piece of legislation it is important that we distinguish between the effects of the policy and the symbolism of its potential passage.
Check out the entire piece (originally published in the Huffington Post) here.