DOWNLOAD In a new white paper released today by the American Council on Renewable Energy (ACORE) and Wilson Sonsini Goodrich & Rosati, the organizations offer recommendations on how U.S. policymakers can most effectively design a federal high-penetration renewable energy standard (RES) that enhances grid reliability, creates American jobs, and increases American economic competitiveness globally. The new white paper, Enacting a Federal High-Penetration Renewable Energy Standard: Building on Proposals to Date and Addressing Important Additional Considerations makes the case for a federal high-penetration RES that embraces the following key features: Qualifying technologies should, at a minimum, include wind, solar, hydropower, ocean, tidal, hydrokinetic, and geothermal energy. The required percentage of compliant electricity should be at least 50%, on a timeline consistent with climate commitments, recommendations from scientific experts, and other policy goals. Alternative Compliance Payments (ACPs) and penalties should be sufficient to achieve RES objectives. A federal high-penetration RES should build upon, and not preempt, successful state renewable energy standards. The new report also addresses important additional issues for consideration when designing a comprehensive federal high-penetration RES, including: Grid reliability and resilience Stranded asset costs The need for expanded transmission and energy storage technologies The importance of a socioeconomically fair transition Complementary policies, like carbon pricing and a technology-neutral tax credit. DOWNLOAD Share this TweetShare on Twitter Share on LinkedInShare on LinkedIn Share on FacebookShare on Facebook Related PostsHow Transmission Planning & Cost Allocation Processes Are Inhibiting Wind & Solar Development in SPP, MISO, & PJMMarch 25, 2021Clean Energy Employment Initial Impacts from the COVID-19 Economic CrisisDecember 9, 2020Clean Jobs, Better JobsOctober 22, 2020Who’s the Buyer? Retail Electric Market Structure Reforms in Support of Resource Adequacy and Clean Energy DeploymentMarch 17, 2020Advancing America’s Climate LeadershipJanuary 9, 2020Quantifying the Consumer Benefits of the Market Reforms in the Report, Customer Focused and CleanOctober 2, 2019
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