EPA releases final rule for Clean Power Plan, supports broad use of
energy efficiency and renewable energy.
Company Website:
http://www.ameresco.com
FRAMINGHAM, Mass. -- (Business Wire)
Ameresco, Inc. (NYSE: AMRC), a leading energy
efficiency and renewable
energy company, encourages the use of energy efficiency and
renewable energy in state efforts to comply with the final rule of the
Clean Power Plan released by the U.S. Environmental Protection Agency
(EPA) yesterday.
“Energy efficiency is the most cost-effective, self-funded strategy to
reduce greenhouse gas emissions while saving energy and creating jobs,”
said George Sakellaris, President and Chief Executive Officer of
Ameresco. “We encourage states to adopt strategies that promote
public-private partnerships for energy efficiency and renewable energy
to reduce emissions under the plan.”
Yesterday, the EPA released the final rule for the Clean
Power Plan which establishes carbon pollution standards for existing
power plants under Section 111(d) of the Clean Air Act. According to the EPA,
the plan is designed to reduce nationwide carbon dioxide emissions from
the power sector by 32 percent, from 2005 levels, by 2030.
The Clean Power Plan provides for a variety of strategies states can
utilize to reduce greenhouse gas emissions. This includes, but is not
limited to, demand-side energy efficiency, renewable energy, and
emissions credit trading. Under the rule, states are required to develop
and submit plans to the EPA by 2018 and the period for mandatory
reductions will begin in 2022.
The final rule emphasizes the role of energy efficiency as a key
compliance tool and provides states with guidance for how to incorporate
third-party financed (non-ratepayer) energy efficiency projects, such as
energy savings performance contracts, into broader strategies to comply
with the plan. The company believes that this marks a significant
improvement to the proposal released last year. The EPA also clarified
that such projects would be eligible for emission reduction credits.
The final rule also encourages increased renewable energy generation and
encourages the early deployment of investments in wind and solar energy,
as well as demand-side energy efficiency in low-income communities, by
providing states with incentives for early action. Ameresco will
continue to advocate the EPA to provide early credit for all third-party
financed energy efficiency projects.
“There is tremendous potential for energy savings performance
contracting and distributed generation to support the Clean Power Plan,
and we will continue to advocate for states to maximize those
opportunities,” said Sakellaris. “As a trusted sustainability partner,
Ameresco strives to provide integrated energy solutions that also
support environmental stewardship.”
About Ameresco
About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a
leading independent provider of comprehensive services, energy
efficiency, infrastructure upgrades, asset sustainability and renewable
energy solutions for businesses and organizations throughout North
America and Europe. Ameresco’s sustainability services include upgrades
to a facility’s energy infrastructure and the development, construction
and operation of renewable energy plants. Ameresco has successfully
completed energy saving, environmentally responsible projects with
Federal, state and local governments, healthcare and educational
institutions, housing authorities, and commercial and industrial
customers. With its corporate headquarters in Framingham, MA, Ameresco
has more than 1,000 employees providing local expertise in the United
States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
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Contacts:
Ameresco, Inc.
Media Contact:
CarolAnn Hibbard,
508-661-2264
news@ameresco.com
Source: Ameresco, Inc.
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