The mid-term elections are just about over with mixed results. The Democratic message was one of access to affordable healthcare and human rights. The Republicans argued for the need to protect our southern border from migrants. What wasn’t often discussed was the increasingly loud drumbeat for addressing climate change.
The latest report from the Intergovernmental Panel on Climate Change (IPCC) is the most dire yet. Previous reports have generally given a range of possible effects, be they global warming, ocean acidity, or sea level rise. The essence of this latest report is that the predicted outcomes appear to fall at the extreme end of the range. Basically, it is getting hot even faster, sea levels are rising even faster, etc. The pace of climate change is accelerating and the obvious response should be a more rapid reduction in the release of greenhouse gases to the atmosphere.
Efforts have been made by some. Seven candidates for governor ran and won promising to support renewable energy solutions. Governors-elect in Colorado, Connecticut, Illinois, Nevada, Maine, New Mexico, and Oregon campaigned to expand their Renewable Portfolio Standards (RPS) . The percent capacity for renewable energy has been expanded and target dates for attainment have been shortened.
Governor-elect Jared Polis, Colorado will seek a target of 100% renewable energy by 2040, up from the current RPS of 30 % by 2020. Also with a target of 100% is Connecticut Governor-elect Ned Lamont. The Connecticut target date is 2050. The leader in concern for climate change, California, already has an RPS of 100% BY 2045. The recent wildfires in California have been linked to climate change and only serve to strengthen the resolve of Californians.
Unsurprisingly, all seven are Democrats. This reflects the desires of the party’s membership, where concern for global warming is much higher than among Republicans. A recent Pew Research Center poll showed that 70% of Democrats trust the science of global warming. Compare that with Republican trust at only 15%.
The climate lost in a couple of direct challenges. In ever-so-blue Washington State, a ballot issue to impose a carbon tax failed. Colorado failed to drastically limit drilling for oil and gas on state property. Arizona voters rejected a 50% by 2030 RPS, while Nevada approved the exact same RPS.
Here in Arkansas, we don’t have any RPS. We do have a favorable net metering regulation. Some homes and small businesses have grid-tied renewable energy systems. Using solar panels as an example, such grid-tied systems can send energy to the grid when the sun shines making the meter run backwards. When the sun doesn’t shine the owner draws power from the grid.
Right now the “exchange rate” is neutral. Owners of such systems get paid the same price as they pay when consuming. The cost-effectiveness of renewable systems depends on the rate structure which is determined by the Public Service Commission. Big producers such as Entergy and SWEPCO are lobbying the PSC hard and fast to limit the competition by seeking a rate structure far less favorable to small producers of renewable energy.