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Wednesday, 05 August 2015 21:00

Obama's clean power plan aims at 28% renewables by 2030

U.S. President Barack Obama's Clean Power Plan aims to increase the use of renewable energy by 28 percent in the country's energy mix by 2030, Caspian Energy News (www.caspianenergy.net) reports with reference to Anadolu Agency.

Announced on Monday, the plan is the first-ever to set national standards in order to limit carbon pollution from power plants, according to a White House statement.

The plan aims to reduce carbon dioxide emissions by 17 percent by 2020, 26 to 28 percent by 2025 and by 32 percent by 2030, compared to levels in 2005.

To reduce carbon dioxide emissions, the plan accepts all low-carbon electricity generation technologies, like renewables, energy efficiency, natural gas, nuclear and carbon capture and storage methods to play a role in the U.S. states plans.

The Clean Power Plan aims to create more investments for clean energy technologies, which could result in 30 percent more renewable energy generation by 2030 while lowering the cost of renewables.

According to BP's Statistical Review of World Energy 2015 published on June 10, renewables were the fastest growing form of energy in 2014. Renewable energy accounted for one-third of the increase in the total primary global energy use, providing around 3 percent of the world’s energy needs.

In addition, the plan will produce enough energy to power 30 million homes and save American consumers a total of $155 billion between 2020 and 2030.

President Obama also aims to trim greenhouse emissions by a total of 6 billion metric tons through the program through implementing standards for heavy-duty vehicles as well. The requirements will save Americans $1.7 trillion, and reduce oil consumption by 2.2 million barrels per day by 2025. Additionally, the program intends slashing greenhouse gas emissions by a total of 6 billion metric tons.

The country led all other nations in global oil consumption in 2014 with 19 million barrels a day on average, according to the BP report.

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