Pennsylvania governor announces new renewable energy standard, endorses statewide carbon-capping market
- Pennsylvania plans to implement a standalone carbon-pricing program funded by polluting power plants, with 70% of the proceeds reducing consumer electricity bills.
- Utilities in the state will need to source 50% of their electricity from carbon-free sources by 2035, a significant increase from the current 18%.
- Currently, most of Pennsylvania's electricity comes from natural gas-fired power plants, making up about 60% of the total supply.
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