Published on : Feb 20, 2015
The Illinois government put in place a new bill to support and boost the growth of the clean energy industry. Once the bill is applied properly across the state, it has the potential to create 32,000 new jobs annually. Illinois is already among the leaders in the U.S. when it comes to support for clean energy, and the new bill has now combined a better environment and greener future for Illinois citizens with more job prospects as well as a well-regulated, more cost-effective power grid. Illinois already employs more than 100,000 people in clean energy jobs. This bill will further boost that figure.
The bill is promoted by the Illinois Clean Jobs Coalition and revolves around three major headlines:
1. Strengthening Illinois’ policy regarding energy efficiency by increasing the standards to reduce usage of electricity. The bill aims to reduce electricity by 20% by 2025, which represents savings more than 50% than what would be expected under the current system. The emphasis on on-bill financing and real-time pricing will further aid the bill’s objective to reduce electricity payment load on Illinois citizens.
2. Extending Illinois’ Renewable Energy Standard by promoting solar energy and wind power projects. The bill aims to bring about a 35% share of renewable energy sources in Illinois’ total energy consumption by 2030. This represents a significant increase upon the state’s current Renewable Energy Standard of achieving a 25% share of renewable energy by 2025. The bill also addresses some necessary changes in the RPS owing to the increase in consumer demand from alternative energy suppliers rather than government utilities.
3. The bill also includes indications referring to the Clean Power Plan, the fulfillment of which would require the formulation of a new market-based plan from the state’s EPA. This would result in the first ever cap on carbon emission from existing power plants in the U.S. CO2 emission allowances are also being planned to be auctioned off.