Although Michigan
does not have it's own viable SREC market, current solar energy producers can
sell credits to neighboring markets, like Ohio. But some
Michigan policy makers are tired of being left out of this green growth
potential. New legislation has been proposed that would require Michigan energy
providers to produce a quarter of their electricity from sources such as wind
and solar, an increase from its current nominal 10%.
Unfortunately,
influential groups like the Detroit Regional Chamber of Commerce, have chosen
to disregard the economic benefits of a SREC market, and have officially
opposed the 25% renewable energy mandate. The Chamber chose the first day of
its annual three day policy conference to make its announcement of opposition.
Ironically this year the focus of the conference is to discuss how innovation can drive
economic development.
Read more about both
the proponents and opposition reasons in this Detroit News article by Karen
Bouffard.
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