Lux Research says “Clean Power Plan” will spark innovation
Lux Research believes that the the strength of EPA’s new Clean Power Plan lies in its potential to incentivize innovation, rather than its ability to dramatically reduce global carbon emissions. Luz predicts that four major technology sectors will get a boost: combined cycle gas turbines, commercial and utility scale solar demand, megawatts, and “clean coal” technology.
“The political discussion about climate change misses a critical point; whatever their role in climate negotiations, these new rules will accelerate technology development and deployment, making it more practical and affordable for nations everywhere to reduce emissions,” said Aditya Ranade, Senior Analyst at Lux Research. This opinion counters the primary criticism of EPA’s efforts: that almost all future growth in carbon emissions will come from developing and underdeveloped countries – most notably China, which became the largest carbon emitter in 2007.
Category: Fuels
