June 12, 2014

New carbon dioxide regulation could be a big victory for wind farmers

The Obama administration announced on June 2 that the electric power sector would have to lower its carbon dioxide levels by 30 percent from 2005 to 2030.

The Obama administration recently announced a new plan to limit the amount of carbon dioxide produced from the nation's energy sources. According to The Associated Press, the administration announced on June 2 that the electric power sector would have to lower its carbon dioxide levels by 30 percent from 2005 to 2030.

One of the biggest winners from this new proposal could be wind energy, since more Americans will need to rely on cleaner energy. According to the source, coal powered plants currently make up 78 percent of the carbon dioxide emissions from the electric power sector.

The new proposal will have more residents and businesses in the nation relying less on coal and more on renewable energy. Many renewable energy officials are hopeful the proposal will influence more people toward cleaner energy like wind power.

States have to create own limitation plans

If the proposal stands, each state will have to create its own strategy and plans on how to meet the new carbon dioxide level targets, the AP reported. The proposal understands that each state is different in terms of how much energy is produced and how each state relies on the energy sector for its economy.

However, the push could give more incentive for states to consider alternate energy to help lower carbon dioxide levels. The need for lower carbon dioxide levels could ultimately mean more wind projects in each state or at least major improvements on renewable energy, the source cited.

While total carbon dioxide levels have plummeted in recent years, the goal is already almost half-way achieved. According to the source, other emission restrictions and regulations will already have the nation dropping its carbon dioxide levels by 5 percent by 2018.

“[By] using 2005 as the baseline year for measuring the required emissions reductions, the EPA essentially gave credit to all those states that have already reduced carbon emission substantially since that date,” said Bruce Huber, an associate professor of law at Notre Dame, according to Forbes.

From 2018 to 2030, the U.S. will have to lower its emissions by about 10 percent to meet the goal, which many experts believe is feasible, the AP reported. According to the Environmental Protection Agency, there are currently 47 states that have some sort of emissions regulation already in place, but the proposal will help each state regulate pollution more effectively.

The Natural Resources Defense Council believes the move toward cleaner energy could create more than 250,000 jobs and ultimately result in more affordable energy bills through the years, Forbes reported.

The EPA forecasts that with the new proposal, the lower emission levels could save 6,600 lives and save more than $50 billion a year in health care costs by simply having cleaner air.

With the proposal turning more heads toward cleaner energy, OEMs can source wind towers from Broadwind Energy to capture more energy, more efficiently.