Wood Mackenzie's William Durbin says federal RPS 'easy first step' for emissions reduction
A recent study by the consultant group Wood Mackenzie finds that a federal renewable portfolio standard requiring utilities to obtain 15 percent of their energy from renewables would slow the rate of carbon dioxide emissions. But would a federal RPS provide substantial enough gains to mitigate the high costs of implementation? During today's OnPoint, William Durbin, head of Global Gas and Power Research for Wood Mackenzie, discusses the study and talks about the federal RPS debate that is currently taking place on Capitol Hill. Durbin considers RPS proposals for 15 and 20 percent and discusses which would be most feasible. He also addresses industry concerns regarding a federal RPS.