energy subsidies

Tue, 2012-07-24 12:34Guest
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Congress: Expedite Renewable Energy

This is a guest post by Stefanie Penn Spear. Originally published at EcoWatch.

In 2009 it seemed as though Congress was finally going to pass legislation that would transition our country to a renewable energy future. The American Clean Energy and Security Act of 2009, also known as the Waxman-Markey Bill, would have created a cap and trade system on greenhouse gases, required electric utilities through a renewable electricity standard (RES) to meet 20 percent of their electricity demand through renewable energy sources and energy efficiency by 2020, subsidized renewable energy and energy efficiency technologies, and financed modernization of the electrical grid, among many other provisions.

The bill was approved by the House of Representatives on June 26, 2009 by a vote of 219-212, but died in the Senate. The vote was the first time either house of Congress had a bill on the floor that would curb the heat-trapping gases scientists have linked to climate change. Though the bill included some not so favorable items, such as subsidies for carbon capture and sequestration, and not nearly an aggressive enough RES, it would have been considerably better than doing nothing.

In addition to what seemed like progress on federal energy legislation, nearly 20 states had passed their own energy bills mandating a RES with a variety of percentages of renewable energy being generated in upcoming years. These states were at the forefront of the renewable energy evolution and are responsible for thousands of renewable projects that bolstered local economies by creating green jobs and increasing manufacturing of solar and wind products in the U.S. Finally, it looked as if the renewable energy marketplace was gaining ground and we were going to pass federal energy legislation that would create a sustainable economy.

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