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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 UdallSenate Dems ask Trump to disclose financial ties to Saudi Arabia Hillicon Valley: Officials warn of Chinese influence efforts | Dow drops over 800 points | Tech stocks hit hard | Google appeals B EU fine | James Murdoch may be heading for Tesla | Most Americans worried about election security For everyone’s safety, border agents must use body-worn cameras 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 MarkeyElection Countdown: O'Rourke goes on the attack | Takeaways from fiery second Texas Senate debate | Heitkamp apologizes for ad misidentifying abuse victims | Trump Jr. to rally for Manchin challenger | Rick Scott leaves trail to deal with hurricane damage Senate Dems ask Trump to disclose financial ties to Saudi Arabia Dems damp down hopes for climate change agenda MORE (D-Mass.), Martin HeinrichMartin Trevor HeinrichSenate Dems ask Trump to disclose financial ties to Saudi Arabia For everyone’s safety, border agents must use body-worn cameras Electric carmakers turn to Congress as tax credits dry up MORE (D-N.M.), Michael BennetMichael Farrand BennetEagles player sits out national anthem Trump administration denied it has ‘secret’ committee seeking negative information on marijuana: report Overnight Health Care: Senators target surprise medical bills | Group looks to allow Medicaid funds for substance abuse programs | FDA launches anti-vaping campaign for teens MORE (D-Colo.), Jeff MerkleyJeffrey (Jeff) Alan MerkleySenate Dems ask Trump to disclose financial ties to Saudi Arabia Poll: Dem incumbent holds 5-point lead in Oregon governor's race Trump, Feinstein feud intensifies over appeals court nominees MORE (D-Ore.), Sheldon WhitehouseSheldon WhitehouseSenate Dems ask Trump to disclose financial ties to Saudi Arabia Democrats won’t let Kavanaugh debate die Senate poised to confirm Kavanaugh after bitter fight 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.