Renewable Portfolio Standards, also known as RPS, are policies that require energy suppliers to produce a certain percentage of their energy from renewable sources. The exact percentage varies from state to state, but the RPS targets have generally been increasing over time. For example, California aims to generate 60% of its electricity from renewable sources by 2030 and 100% by 2045.
The push for cleaner energy comes as the world begins to recognize the devastating effects of climate change, which has been primarily caused by the burning of fossil fuels. Fossil fuels are finite and emit harmful greenhouse gases that harm the environment. Thus, cleaner energy sources are becoming an increasingly attractive alternative. Additionally, governments, environmental groups, and public opinion are putting more pressure on companies to adopt cleaner energy.
Several states in the U.S. have already set ambitious RPS targets, with many more expected to follow. In fact, seven states and Puerto Rico already boast 100% clean energy mandates or goals. Rhode Island, Hawaii, and California are in the forefront of these targets: California’s Senate Bill 100 was signed into law in 2018, which has targeted the state to generate 100% of its electricity from renewable sources by 2045.
The push for clean energy has also sparked innovation, with companies developing new and improved renewable technology. In recent years, the cost of renewable energy has declined significantly compared to fossil fuels. This has made the adoption of clean energy more cost-effective and competitive.
Furthermore, the adoption of clean energy has several benefits beyond environmental protection. For one, it creates job opportunities in various sectors of the economy, as the renewable sector requires personnel for everything from production to installation. It also stimulates economic growth and energy independence-less reliant on foreign oil imports and maintains a stable energy supply that offers predictability in pricing and innovation.
Overall, Cleaner energy adoption is the way of the future. As states continue to set and meet new RPS targets, the push for cleaner energy is gaining momentum and will continue to gain significance. Leaders in the energy industry must recognize this growing trend and act accordingly. The benefits of clean energy adoption are not only environmental; they are also economic, and support for them can only increase.[ad_2]