RPS

Calls for the U.S. to institute a Renewable Energy Standard (RES) have come from corporations, politicians, and trade associations alike.  However the RES proposed in legislation introduced in the Senate yesterday was not necessarily what these advocates had in mind.

Colorado recently instituted a very aggressive renewable portfolio standard (RPS), which makes the state's renewable energy growth potential monstrous.

 

Last month the Colorado State Senate passed a bill increasing the Colorado's RPS to 30% by 2020.  Currently, the state only generates 6% of its electricity from renewable energy sources. 

For those who are interested in renewable energy for its money making potential, there are signs which point to a growing and more settled market.

 

Earlier this week, California Governor Arnold Schwarzenegger signed an Executive Order directing the California Air Resources Board (CARB) to adopt regulations increasing California’s Renewable Portfolio Standard (RPS) to 33 percent by 2020.

The renewable energy industry has received massive political and financial support from the U.S. government in the past year, and now it is  looking to secure more.

 

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