New research shows a national clean electricity standard of 80% by 2030 would drive $1.5 trillion in new investments and create hundreds of thousands of new net jobs annually across every region of the U.S.
Published June 3, 2021 Ron Jenkins via Getty Images
The following is a contributed article by Dan Esposito, senior policy analyst at Energy Innovation, and Eric Gimon, senior fellow at Energy Innovation.
Editor s Note: This is the second of a three-part op-ed series in Utility Dive based on Energy Innovation s research examining 1) what drove the extended Texas outages, 2) the degree to which energy markets failed and 3) how different entities can improve U.S. energy market and power infrastructure resiliency against extreme events while decarbonizing the grid to mitigate future climate risk.
February s Big Freeze winter storm exposed Texas energy market failures, racking up an unimaginable $52.6 billion in incremental electric system costs despite leaving residents short 1.6 million megawatt-hours of electricity – a deficit 1,000 times worse than California s August 2020 outages.
Opinion The Texas Big Freeze: How a changing climate pushed the state s power grid to the brink Published June 2, 2021 Ron Jenkins via Getty Images
The following is a contributed article by Dan Esposito, senior policy analyst at Energy Innovation, and Eric Gimon, senior fellow at Energy Innovation.
Editor s Note: This is the first of a three-part op-ed series in Utility Dive based on Energy Innovation s research examining 1) what drove the extended Texas outages, 2) the degree to which energy markets failed, and 3) how different entities can improve U.S. energy market and power infrastructure resiliency against extreme events while decarbonizing the grid to mitigate future climate risk.