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.
Read the full article here.