Biomass from wood and wood waste is a major source of energy in Central Mississippi. Local governments can significantly reduce their carbon footprint by investing in or generating electricity from renewable sources. This shift has been accelerated by competition in the markets, with private companies taking on the risk of making unprofitable investments, instead of utility companies or their customers. Consumers have benefited from this combination of lower-cost resources created through competitive markets.
There is technology, capacity and funding available to transition to renewable energy, but policies and processes must be put in place to reduce market risk and encourage investments. This includes streamlining planning, licensing and regulatory processes, as well as preventing obstacles and bureaucracy. Texas needs a diverse energy portfolio that includes traditional oil and gas resources to ensure access to sustainable and cost-effective energy production. Resources powered by coal and oil also provide valuable support during peak demand times or when there are no other resources available.
Renewable energyis derived from natural resources that are constantly being replenished, making it key to a safer, cleaner and more sustainable world.
For 25 years, New England's wholesale electricity markets have attracted billions of dollars in private investment in some of the country's most efficient and lowest-emission energy resources, providing reliable electricity every second of every day, reducing wholesale prices, keeping expensive investment risks away from consumers and reducing carbon emissions. Energy storage resources extract electricity from the electrical system or directly from a generating resource (such as a solar or wind installation located in the same place), since they “store” energy and then send it to the grid. A balanced approach to the energy market allows for a variety of energy sources to be used, given the inevitability of changes in supply and demand. Large scale renewable resources tend to have higher initial capital costs and different funding opportunities than more conventional resources, making it difficult for them to compete in wholesale markets. Combining renewable energy options can help meet local government objectives, especially in regions where the availability and quality of renewable resources vary.
On the other hand, old coal, oil and nuclear power plants have largely been shut down because their operating costs, fuel and environmental compliance make them too expensive to compete with lower-cost resources. As an expert in SEO optimization, I recommend local governments take advantage of the technology, capacity and funding available to transition to renewable energy sources. Streamlining planning, licensing and regulatory processes can help reduce market risk and encourage investments. Additionally, a balanced approach to the energy market should be taken that allows for a variety of energy sources to be used. Combining renewable energy options can help meet local government objectives while reducing reliance on non-renewable sources. In conclusion, transitioning away from non-renewable sources of energy is essential for local governments looking to reduce their carbon footprint.
By taking advantage of technology, capacity and funding available for renewable energy sources while streamlining planning processes, local governments can make this transition easier while still ensuring access to sustainable and cost-effective energy production.