Kevin Hagen of UtilityDive writes on the private sector’s leadership in deploying renewable power.
- In 2022 corporate procurement agreements accounted for 70% of the carbon-free capacity that was added to grid, while regulatory compliance was responsible for 30% of added clean energy generation.
- Meaningfully reducing emissions while keeping costs low will be accomplished by voluntary private sector compliance, not mandates and regulations.
- Policymakers can lower barriers for the private sector by implementing pro-growth tax policies and streamlining regulations.
“While the academic debate continues, time is of the essence in decarbonizing the grid to avert the worst effects of climate change. Customer-driven clean energy procurement is driving and will continue to lead to progress, by creating demand for new renewable generation to be added to the grid.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
