1. ASME Industry Forum
EPA Clean Air Act 111(d) and Impacts
Tom Weirich, Chief Operating Officer
June 29, 2015| San Diego, CA
2. ACORE: who we are
ACORE seeks to advance
renewable energy through:
• Finance Access
• Business Networking
• Policy Certainty
• Technology Advancement
• Market Development
ACORE members come from all sectors
of the renewable energy industry
end users
transportation
utility
industrial
commercial
residential
professional
services
engineering
accounting
consulting
law
financial
institutions
banking
investment
insurance
government
federal
state
local
associations
trade associations
professional societies
customer groups
labor unions
RE industry
solar, wind,
geothermal,
biomass, hydro,
waste, hydrogen
education
university
secondary
technical
non-profit
foundations
non-profit groups
BIOENERGY SOLARWIND HYDRO WASTE ENERGY OCEANGEOTHERMAL
4. What is 111D?
Section 111D under the EPA Clean Air Act gives authority to the EPA to
pursue reductions in carbon dioxide emissions from existing power plants.
EPA has proposed individual CO2 rates for the power sector in each state and
the states will have to find ways to meet the standards.
Timeline of Proposed 111D Rule
Information: http://www.acore.org/programs/member-initiatives/power-generation
5. States Choose How to Meet the Goals
• Use of certain biomass
• Efficiency improvements at high-
emitting plants*
• Market-based trading programs
• Building new renewables
• Dispatch changes
• Co-firing or switching to natural gas
• Building new natural gas combined
cycle units
*Measures EPA used in calculating the state goals
• Demand-side energy efficiency
programs*
• Generating from low/zero-emitting
facilities*
• Expanding use of NGCC units*
• Transmission efficiency
improvements
• Energy storage technology
• Working with utilities to consider
retiring units that are high emitting
• Energy conservation programs
• Retrofitting units with partial CCS
6. The Role of States: RPS in 29 States, DC & 2 Territories
and 5 Green Banks (NY, CT, VT, CA, HI)
Information: DSIRE Database / 50 State Report – www.acore.org/publications
Renewable portfolio standard
Renewable portfolio goal Extra credit for solar or customer-sited renewables
WA: 15% x 2020*
CA: 33% x 2020
NV: 25% x 2025*
AZ: 15% x 2025*
NM: 20% x 2020 (IOUs)
10% x 2020 (co-ops)
HI: 40% x 2030
Minimum solar or customer-sited requirement
TX: 5,880 MW x 2015*
UT: 20% by 2025*†
CO: 30% by 2020 (IOUs) †
10% by 2020 (co-ops & large munis)*
MT: 15% x 2015
ND: 10% x 2015
SD: 10% x 2015
IA: 105 MW
MN: 26.5% x 2025 (IOUs)
31.5% x 2020 (Xcel)
25% x 2025 (other utilities)
MO: 15% x 2021
WI: 10% x 2015
MI: 10% x 2015*†
OH: 12.5% x 2026
ME: 30% x 2000
New RE: 10% x 2017
NH: 24.8% x 2025
MA: 22.1% x 2020
(+1% annually thereafter)
RI: 16% x 2020
CT: 27% x 2020NY: 29% x 2015
NJ: 20.38% RE x 2021
+ 4.1% solar x 2028
PA: 18% x 2021†
MD: 20% x 2022
DE: 25% x 2026*
DC: 20% x 2020
NC: 12.5% x 2021 (IOUs)
10% x 2018 (co-ops & munis)
VT: 20% x 2017
KS: 20% x 2020
OR: 25% x 2025 (large utilities)*
5% - 10% x 2025 (smaller utilities)
IL: 25% x 2026
OK: 15% x 2015
WV: 25% x 2025*†
VA: 15% x 2025*
DC
IN: 15% x 2025†
SC: 2% x 2021
Solar water heating eligible
*
Includes non-renewable alternative resources
†
7. Role of Private Sector: Finance Policy Innovations &
the Drive for Private Capital Investment in Renewable
Energy
Shaping of future nexus of finance & policy through various
structures, including:
• Looking at the next generation of energy/renewable energy mechanisms
and application in the market, including Green Bonds, Yieldco’s, MLPs for
renewables, and solar REITs
• State issues, including Green Bank structures and RPS mandates
• Importance of existing tax incentives for renewables – PTC, ITC – in
supporting the renewable energy finance market in the U.S.
Information: http://www.uspref.org
8. Market Drivers in United States
Information: http://www.acore.org/programs/member-initiatives
National Defense
& Security:
Defining the opportunities for the
expanded use of renewable
energy in support of national
defense
Power Generation
& Infrastructure:
Creating business models for
renewable electricity in the 21st
century
Transportation:
Creating a vision for a 21st century
transportation infrastructure
powered by clean and renewable
energy and fuels
9. Thank you
Tom Weirich
Chief Operating Officer
American Council On Renewable Energy (ACORE)
1600 K Street, NW; Suite 650
Washington, DC 20006
Tel: +1 (202) 777-7582
Email: weirich@acore.org
Twitter: @tomweirich
LinkedIn: www.linkedin.com/in/tomweirich/
Web: www.acore.org
