Energy conservation plan
Within the “Business As Usual” scenario, YJay has listed seven substantive challenges:
1. Electricity supply is not keeping up with demand.
2. Energy prices have risen substantially in recent years and this trend is expected to continue.
3. Global Warming and the emission of greenhouse gases are expected to increase.
4. Today, government has much less authority over the supply and price of electricity than it did before the Electric Discount and Energy Competition Act (EDECA) of 1999.
1. Electricity supply is not keeping up with demand.
2. Energy prices have risen substantially in recent years and this trend is expected to continue.
3. Global Warming and the emission of greenhouse gases are expected to increase.
4. Today, government has much less authority over the supply and price of electricity than it did before the Electric Discount and Energy Competition Act (EDECA) of 1999.
5. Renewable energy development and implementation progress is slow.
6. Electric grid upgrading is imperative
7. Energy storage development must advance and utilized
States will have to be overcome the challenges identified above between 2008 and the year 2021. The “Business As Usual” scenario includes no State action in those intervening years.
The consequence of inaction is an estimated 61% increase in the total cost of energy consumed in 2021, as compared to 2004, totaling in excess of $26 billion. Greenhouse gas emissions in 2021 are predicted to be 14.6% higher than they were in 2006, thus negating many of the benchmarks established by the recently enacted “Regional Greenhouse Gas Initiative Act”.
The “Alternative Scenario” however, outlines goals to change the way the States conducts its energy affairs. The “Alternative Scenario” lists six objectives, all involving States action:
1. Maximize energy conservation and efficiency.
2.Reduce State
3. Stimulate growth in renewable and alternative energy technologies.
4. Develop low-carbon emitting and more efficient power plants in order to close the gap between electricity supply and demand.
5. Invest in clean energy technologies and businesses to stimulate the industry’s growth within the State.
6. Develop and institute tax breaks for efficiency upgrade.
States will have to be overcome the challenges identified above between 2008 and the year 2021. The “Business As Usual” scenario includes no State action in those intervening years.
The consequence of inaction is an estimated 61% increase in the total cost of energy consumed in 2021, as compared to 2004, totaling in excess of $26 billion. Greenhouse gas emissions in 2021 are predicted to be 14.6% higher than they were in 2006, thus negating many of the benchmarks established by the recently enacted “Regional Greenhouse Gas Initiative Act”.
The “Alternative Scenario” however, outlines goals to change the way the States conducts its energy affairs. The “Alternative Scenario” lists six objectives, all involving States action:
1. Maximize energy conservation and efficiency.
2.
3. Stimulate growth in renewable and alternative energy technologies.
4. Develop low-carbon emitting and more efficient power plants in order to close the gap between electricity supply and demand.
5. Invest in clean energy technologies and businesses to stimulate the industry’s growth within the State.
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