Over the past several years, the Energy Innovation Reform Project (EIRP) has developed and promoted an Innovation + Regulation Policy Framework (I+R) for decarbonizing the U.S. electric power sector. OnLocation, Inc. completed a comprehensive modeling analysis for EIRP to identify the potential benefits and challenges of employing the I+R Framework. The study found that the I+R Framework is more cost-effective and results in greater diversity of generation options, including more firm and dispatchable clean power, than the alternative regulation-only clean energy policy examined.
It will be impossible for the United States and other countries to achieve net-zero greenhouse gas emissions without improved and new clean energy sources. Hydrogen, which has been discussed for decades as a potential cornerstone technology, is thought by many to be critically important. Hydrogen is a clean burning fuel; can be manufactured from and used to produce low and zero-carbon energy; and is more suitable for use in certain carbon-intensive industrial applications than electrification.
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