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Separate MIT, IEA reports both outline major expansion in role of natural gas; caution on climate benefits

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High-level findings of the MIT study include: There are abundant supplies of natural gas in the world, and many of these supplies can be developed and produced at relatively low cost. It is clean and flexible.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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As private companies, automobile manufacturers look for the lowest cost means of getting from A to B and the premiums that they can charge for getting from A to B faster. Power plant capital costs. The same can be said for the electricity companies that generate power in the USA. Source: EIA. in Connecticut.

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House Chairmen Waxman, Markey Release Draft of Energy and Climate Legislation; Among the Many Provisions Are Cap-and-Trade, Harmonization of CAFE and California Vehicle Regulations, and Low Carbon Fuel Standard

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power from renewable sources—wind, solar, geothermal, biomass or landfill gas, hydropower, and marine and hydrokinetic—for retail electricity suppliers beginning at 6% in 2012 and gradually rising to 25% in 2025 and continuing at that level through 2039. The draft establishes a Renewable Portfolio Standard—i.e., Clean Fuels and Vehicles.

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