From wind generated electricity to biomass based liquid fuel, the legal, public policy and technical tools are now in place to help accelerate the creation of new business opportunities and expand green energy supplies. The challenges posed by GHG emissions are enormous, but so, too, is our collective potential to tackle those challenges from all points in Minnesota and across the Nation.
Rural communities in some parts of the country, for instance, are playing a huge role in supplying green energy. According to 2020 data from the Energy Information Administration (EIA), wind provided 22% of the total electricity generated in Minnesota. As for biomass based liquid fuel, the EIA reports the national annual production capacity expanded to over 21 billion gallons in February 2022. That said, there are opportunities to further expand production of renewables and significantly reduce GHG emissions throughout the energy supply chain.
Among the policy and financial tools available to accelerate new business opportunities and expand the green energy supply are those found in the Bipartisan Infrastructure Law. Over the coming weeks we will explore some of the provisions of the law that can expand opportunities in the drive toward lower carbon, greener energy supplies.
