According to a report, a plan by the administration of Joe Biden for the purpose of forcing the rapid adoption of the renewable energy would possibly be responsible in decreasing the emissions and can possibly save hundreds of thousands of people in the country from the air pollution.
According to the report, out of the different options on the climate policy in US, that are available to the new government of the United States, a clean energy standard is going to provide some of the biggest net benefits in terms of the costs along with the lives of the people of the United States of America.
A clean energy standard of the United States government would possibly require the utilities for the production of the requirement of the clean energy, which mainly includes the wind energy and solar energy, which the country is using through the penalties and incentives, and the administration of Joe Biden has also been hoping to include the rules in the administration’s major infrastructure bill, bit had now been dropped after the compromising negotiations with the Republicans.
But a new report had been suggesting that, it is going to be the most effective tool for the purpose of reaching the goal of Biden Administration for using 80 percent renewable energy by the year 2030. The rapid switch to the renewable sources would possibly cost around 342 billion dollars by 2050, through the maintenance costs and capital, even though the fuel costs would possibly dwindle as the renewable sources becomes cheaper for running than the fossil fuels.