Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-N.M.) unveiled the Clean Energy Standard Act of 2012 today to steer the country in a direction of reducing overall carbon emissions. The bill aims for large power companies to begin increasing their electricity output from low-carbon sources like wind, solar, nuclear energy and natural gas by 2015, with the overall goal of producing 84 percent of their overall electricity from low-carbon sources by 2035. The chairman explains : “The goal of the CES is ambitious – a doubling of clean energy by 2035. But analysis has shown that the goal is also achievable and affordable. Meeting the CES will yield substantial benefits to our health, our economy, our global competitiveness and our economy,” Bingaman said. A fact sheet on the bill says the CES will only apply to retail utilities, not small utilities, and will be measured by the number of credits given to generators of clean energy. In other words, the higher th...
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