Senate bill would create national renewable electricity standard

Senate bill would create national renewable electricity standard
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Senate Democrats want to create a national renewable electricity standard to create jobs, save consumers money and reduce pollution.

The bill unveiled Tuesday that would require utilities to generate 30 percent of their electricity from renewable energy sources by 2030, starting with an 8 percent requirement by 2016 followed by gradual increases.

Sen. Tom UdallThomas (Tom) Stewart UdallAvalanche of Democratic senators say Franken should resign Dem senator slams Trump's 'moral authority' after 'Pocahontas' remark Overnight Cybersecurity: Kushner was contacted about WikiLeaks before election | Tech experts blast Trump's 'extreme vetting' plan | Senate passes defense bill with measure to modernize feds' IT MORE has introduced this legislation in every session of Congress since 2008. The bill is based on his bipartisan initiative that passed the House in 2007. Co-sponsors this time around include Sens. Edward MarkeyEdward (Ed) John MarkeyNet neutrality supporters predict tough court battle over FCC's repeal plan Avalanche of Democratic senators say Franken should resign Driverless car bill hits Senate speed bump MORE (D-Mass.), Martin HeinrichMartin Trevor HeinrichAvalanche of Democratic senators say Franken should resign Senators introduce bipartisan gun background check bill Dem senator: 'Super close' on bipartisan deal on guns MORE (D-N.M.), Michael BennetMichael Farrand BennetAvalanche of Democratic senators say Franken should resign GOP and Dems bitterly divided by immigration Schumer downplays shutdown chances over DACA fight MORE (D-Colo.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyAvalanche of Democratic senators say Franken should resign Senate nixes provision boosting conservative college after uproar Overnight Energy: Panel advances controversial Trump nominee | Ex-coal boss Blankenship to run for Senate | Dem commissioner joins energy regulator MORE (D-Ore.), Sheldon WhitehouseSheldon WhitehouseOvernight Regulation: Net neutrality supporters predict tough court battle | Watchdog to investigate EPA chief's meeting with industry group | Ex-Volkswagen exec gets 7 years for emissions cheating Overnight Energy: Watchdog probes Pruitt speech to mining group | EPA chief promises to let climate scientists present their work | Volkswagen manager gets 7 years for emissions cheating EPA head pledges to protect climate scientists MORE (D-R.I.) and Mazie K. Hirono (D-Hawaii).

“A national Renewable Electricity Standard (RES) will help slow utility rate increases and boost private investment in states like New Mexico — all while combating climate change,” Udall said in a news release. “Investing in homegrown clean energy jobs just makes sense, and that’s why I’m continuing my fight for a national RES.”

Because more than half of all states have successful RES policies with specific timelines and target standards, the federal policy would not preempt stronger standards already in place at the state level.

An analysis by the Union of Concerned Scientists found that a 30-by-30 RES would save consumers $25.1 billion in cumulative electricity and natural gas bills from 2015 to 2030, drive $294 billion in cumulative new capital investments from 2015 to 2030 and provide an additional $3.4 billion in new local tax revenues and wind power land lease payments to landowners through 2030.