COMMENT: US exaggerating hope for renewable energy

Far from learning any lessons from their ill-conceived foray into biofuels through the Energy Independence and Security Act of 2007 (EISA), Congress and the Obama administration appear destined to compound their mistakes in the huge climate bill now making its way through Congress. The House version of this bill would require that renewable energy sources account for 20% of US electrical production by 2020. President Barack Obama, both during the campaign and in office, has asked that 25% be derived from renewable sources by 2025.Because of the potential for more government mandates, some electrical utilities are planning to build power plants fueled with biomass. The Energy Information A...

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