Editor's note: This article originally appeared on EnerKnol. Subscribe here.
Nevada State lawmakers unanimously approved legislation on April 19 to boost the state’s renewable portfolio standard to 50% by 2030, and set a goal for achieving 100% of the state’s electricity from carbon-free resources by 2050.
The existing target calls for the state to get 25% of supplies from renewables by 2025. The bill now moves to Democratic Governor Steve Sisolak’s desk to be signed into law.
The legislation follows the passage of a 2018 ballot initiative requiring utilities to obtain half their electricity supplies from renewable resources by 2030. Sisolak announced his support for the measure, which must pass another round of voting in 2020 as constitutional amendments in Nevada must be approved by voters a second time before becoming law. The state legislature, with the support of the governor, will likely seek to implement the target before then.
Nevada joins a growing number of states and jurisdictions looking to expand their RPS targets. Earlier this month, Puerto Rico enacted legislation calling for 100% renewables by 2050. New Mexico recently passed a bill for 100% zero-carbon electricity by 2045, and Maryland passed legislation for 50% renewables by 2030.
EnerKnol is a provider of regulatory data, analytics, and tracking software for North American energy markets.
Recommended Reading
Exclusive: TES CEO Sees Electric Natural Gas as a Trillion Dollar Market
2024-03-26 - Marco Alverà, the co-founder and CEO of TES, details how electric natural gas from green hydrogen is a cheaper and easier to produce fuel and shares insight on its e-NG partnership with TotalEnergies, in this Hart Energy Exclusive.
CERAWeek: Human Oversight, Machine Power: AI’s Future in Energy
2024-03-22 - A CERAWeek panel tackles how AI's hunger for complexity can devour the energy industry's toughest challenges.
CERAWeek: BP Could Sanction GoM’s Kaskida this Year, CEO Says
2024-03-21 - BP Plc is eyeing the sanction of its Kaskida deepwater project in the Gulf of Mexico in 2024, the company’s CEO Murray Auchincloss said during CERAWeek by S&P Global.
CERAWeek: NOCs Balance Financial Realities, Energy Transition
2024-03-21 - National oil companies’ strategies include diversifying energy sources and seeking reserves located deeper in the ground and in deeper waters, while still working to curb emissions.