BERKELEY, CA — The United States can deliver 90 percent clean, carbon-free electricity nationwide by 2035, dependably, at no extra cost to consumer bills and without the need for new fossil fuel plants, according to a study released today from the Center for Environmental Public Policy at the University of California, Berkeley. The study also finds that without robust policy reforms, most of the potential to reduce emissions and increase jobs would not be realized. 2035 Report: Plummeting Solar, Wind, and Battery Costs Can Accelerate Our Clean Energy Future is the first study of its kind to show how recent cost declines for solar, wind, and battery storage allow the U.S. to dramatically reduce generation and emissions from existing fossil power plants, while retiring coal and reducing gas generation by 70 percent.
The rapid buildout of additional renewable energy would inject $1.7 trillion of investment into the economy and increase energy sector jobs by up to 530,000 per year through 2035, across all regions of the U.S., without raising consumer bills. Delivering 90 percent clean electricity by 2035 also avoids $1.2 trillion in environmental and health costs through 2050 by reducing damages from air pollution and carbon emissions.
The 2035 time frame for near-complete decarbonization of the power sector is significant because it is 15 years faster than projected in most state and national policy proposals, which provide little hope that the worst climate change impacts can be avoided. In October 2018, the U.N.’s Intergovernmental Panel on Climate Change warned that the world has only a dozen years to halve emissions in order to limit warming to 1.5°C. By 2030, the report finds, the U.S. could reach over 70 percent clean electricity, reducing U.S. economy-wide emissions by 18 percent. Up to 85,000 unnecessary premature deaths associated with air pollution from power plants in the U.S. could be avoided through 2050 by reaching a 90 percent carbon-free electric generation sector by 2035, which would reduce economy-wide emissions 27 percent.
The target year of 2035 allows sufficient time for most coal and gas plants to recover their fixed costs, thereby avoiding risk of stranded costs for consumers and investors, if the right policies are in place. Wind, solar, and battery storage can provide the bulk of the 90 percent clean electricity. The report finds that new fossil fuel generators are not needed. Existing gas plants, used infrequently and combined with storage, hydropower, and nuclear power, are sufficient to meet demand during periods of extraordinarily low renewable energy generation or exceptionally high electricity demand. Power generation from natural gas plants would drop by 70 percent in 2035 compared to 2019.
“Cost reductions in clean technology have occurred much faster than anticipated just a few years ago,” said Dr. Amol Phadke, Senior Scientist and affiliate at UC Berkeley’s Center for Environmental Public Policy. “This is the first report to integrate the latest low prices for renewable energy and storage and shows it is technically and economically feasible to deliver 90 percent carbon-free electricity on the U.S. power grid by 2035.”
“We’re talking about the ability to achieve near-100 percent clean electricity by 2035, in half the time most people are talking about,” said David Wooley, professor at the UC Berkeley Goldman School of Public Policy and Executive Director of the Center for Environmental Public Policy. “This is exciting, because the 2035 timeframe is actually compatible with climate realities. However, this outcome isn’t possible without strong policy changes and our hope is this report can help inform the dialogue on federal, state, and corporate policies needed to achieve it.”
The 2035 Report’s release is accompanied by a set of policy recommendations from nonpartisan policy firm Energy Innovation to realize the jobs and economic benefits envisioned here. The memo’s primary policy recommendation is establishing a technology-neutral national clean energy standard targeting 90 percent by 2035 and 100 percent by 2045. Additional recommendations to unlock a clean energy future include complementary policies that support clean energy deployment, address wholesale market failures, remake utility grid regulation, and ensure an equitable and fair energy transition for impacted communities.
“What an incredible opportunity for economic stimulus. A federal clean energy standard, supported by government investments in deployment and American manufacturing, could put us back on track for a healthier economy. Meanwhile, continued policy leadership from the states can bolster progress,” said Sonia Aggarwal, Vice President at Energy Innovation.
This becomes a problem for companies like ALA as presidential candidate Joe Biden, who is leading Donald Trump in the polls by wide margins, has moved further to the left is advocating tougher environmental regulations:
Presidential candidate Joe Biden has advanced environmental policy recommendations that most analysts find more ambitious than his stance in favor of curbing man-made climate change earlier in his campaign.
The climate goals — including a call to eliminate carbon emissions from power plants by 2035 and modernizing the electric grid to help achieve this — were part of the presumptive Democratic nominee’s collaboration with former contender Sen. Bernie Sanders and his more progressive platform.
Biden is now running on the recommendations advanced as part of the Biden-Sanders Unity Task Force, which were submitted by six policy areas covering climate change, health care, criminal justice, education and more. The recommendations will be submitted to the Democratic National Committee’s party committee as a “starting point” for their consideration.
Former Secretary of State John Kerry and Rep. Alexandria Ocasio-Cortez, the Democrat of New York and the co-author last year of a Green New Deal that did not advance in a divided Congress, were co-chairs of the climate-change task force, a key initiative of the campaign in trying to win over younger voters.
Last month, Speaker Nancy Pelosi and Democrats on the House Special Committee on Climate released their plan to push Congress to set a national goal of net-zero emissions by at least 2050 and to more aggressively shift to renewable energy over fossil fuels. It was a proposal that frustrated most Republicans on the select committee, who thought joint work was progressing and who are in favor of carbon capture, nuclear and other initiatives toward a climate-change fix.
Here are some of the key aspects of the proposal.
Eliminate carbon pollution from power plants by 2035. Carbon emissions from the U.S. power sector fell 8% last year even with the economy growing, as utilities increasingly dropped coal for cheaper natural gas and renewables. But the Biden-Sanders plan calls for more steps toward keeping that number falling. They call for installing 500 million solar panels, including eight million solar roofs and community solar energy systems, and 60,000 made-in-America wind turbines.
Greener buildings. the task sets out a national goal of achieving net-zero greenhouse gas emissions for all new buildings by 2030, on the pathway to creating a 100 percent clean building sector. Within five years, tens of billions of dollars in private-sector investment will be incentivized to retrofit four million buildings. This also entails making energy-saving upgrades to up to two million low-income households and affordable and public housing units within five year.
While ALA is part of the old carbon burning economy, AQN has and is continuing to invest in renewable energy.sources such as wind, solar, hydoelectric, and thermal power generation. Which company do you think has the brighter future?