THE WILD WEST’S NEW ENERGY OPPORTUNITY
How the West Was Won and How Congress Can Win America's Energy Future
Lesley Hunter, Sept. 30, 2014 (Roll Call)
“…[I]t’s imperative that Congress focus on a subject all Americans agree on: economic development and jobs…[L]ucrative opportunities are drawing droves of pioneers, investors, and entrepreneurs to lay claim to abundant western [renewables] resources…[Think of this] as a modern day gold rush — except far more sustainable…More than two-thirds of the country’s new capacity additions occurred in western states in 2013. Six western states now generate more than 20 percent of their electricity from renewables. The region also attracted well over a third of the country’s combined venture capital, private equity, and asset finance investment in the renewable energy sector in 2013…[and Renewable Energy In The 50 States: Western Region from American Council On Renewable Energy (ACORE)] found high market demand to be the biggest catalyst…But without a strong, complementary array of state and federal policies — such as net-metering rules, production incentives, and other state encouragement — some states might not experience the same success. Congress needs to do its part…” click here for more
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