By Global Markets Institute at Goldman Sachs and Center for Environmental Markets
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Extra info for Alternative Energy: Global Public Policy & Regulatory Challenges Fall 2007
A lter native Energy: A Global Survey 28 Energy Standards The United States does not have a national renewable portfolio standard. Instead, 24 states plus the District of Columbia have adopted their own RPS policies (see Exhibit 13). 5% by 2022 10% by 2020 (co-ops & large munis) CA: 20% by 2010 DC: 11% by 2022 PA: 18% by 2020 AZ: 15% by 2025 NM: 20% by 2020 (IOUs) 10% by 2020 (co-ops) VA: 12% of base year (2007) sales by 2022 TX: 5,880 MW by 2015 Standard Standard and Goal HI:20% by 2020 RE Goal Note: RE Goal: Renewable Energy Goal; IOU: Investor Owned Utility; Xcel: Xcel Energy.
124 Nuclear: The government is moving ahead with various plans to increase the country’s nuclear energy capacity. The potential for development is underscored by a recent nuclear compact agreed between President George W. Bush and Prime Minister Manmohan Singh, allowing the sale or transfer of nuclear technology, equipment, and materials for India’s civilian nuclear program. Based on this agreement, and anticipating various other international agreements, the prime minister has doubled the nuclear energy production target to 40,000 MW.
4 IEA Key World Energy Statistics, 2006. 2006, Renewable Global Status Report, 2006 Update. 6 Global Wind Energy Council, Global Wind 2006 Report, Brussels, 2007. 7 European Renewable Energy Council. Renewable Energy in Europe: Building Capacity and Markets, Brussels, EREC, 2004. 8 Projected Benefits of Federal Energy Efficiency and Renewable Energy Programs. Appendix D: Solar Energy Technologies Program. 9 United Nations, Sustainable Bioenergy; A Framework for Decision Makers, April 2007. 10 Geothermal Energy Association.