The Markey bill thus becomes the fourth restructuring bill introduced in Congress this year that includes an RPS, joining measures introduced previously by Sens. He authored legislation in 1992 that opened the wholesale electricity market to competition, and in the last session of Congress, introduced the first comprehensive restructuring bills. And the spinach will be good for you and very good for your customers. AWEA also backs disclosure requirements. The standards would be implemented through a credit-trading market mechanism that allows each producer flexibility to meet the standard or buy credits from another source that has a higher renewables content than required.
Flexibility is provided with an emissions credit trading system . . .
Standards would be backed by rebates on efficient vehicles paid for by fees on gas guzzlers . . . The contrast between the two paths is striking. On the Innovation Path, it shrinks to 69 quads over the same period. Similarly, while the use of renewable energy nearly doubles, from 6.5 quads to 12.8 quads by 2030 on the Present Path, it more than triples, to 22.2 quads, on the Innovation Path. The economic modeling for the report, which was used to examine the economic effects of the Innovation Path, was carried out by the Tellus Institute, of Boston, Mass., and Economic Research Associates.