Matt Mooren, energy markets expert at PA Consulting, discusses the renewable energy goals outlined in US Senator Bernie Sanders’ "Green New Deal" proposal.
Bernie Sanders this week released a $16.3 trillion "Green New Deal" plan that would, among other things, eliminate fossil fuels from power plants and transportation by 2030. The plan contains the following proposals relevant to the electricity industry:
Matt said the plan is "probably not doable."
He adds: "The proposed national target of 100% renewable energy by 2030 is more aggressive than the most progressive renewable energy states like New York and California, which have lower 2030 targets and longer-dated 100% renewable and carbon-free targets than Senator Sander's plan.”
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