EIA: 15% Renewable Standard May Cut CO2 By 3 Billion Tons By 2030

A renewable energy standard requiring 15% of all electricity generated by utilities come from renewable sources could cut carbon dioxide emissions by nearly 3 billion tons by 2030 while only marginally increasing power prices, the Energy Information Administration said Monday.

Senate Energy and Natural Resources Chairman Jeff Bingaman, D-N.M., said he would offer a renewable portfolio standard as an amendment to the comprehensive energy bill the chamber is expected to take up later Monday. He requested the EIA report.

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