Current:Home > FinanceNew panel charged with helping Massachusetts meet its renewable energy goals -Summit Capital Strategies
New panel charged with helping Massachusetts meet its renewable energy goals
TrendPulse Quantitative Think Tank Center View
Date:2025-04-11 05:27:14
BOSTON (AP) — Massachusetts Gov. Maura Healey announced the formation this week of a new panel charged with guiding the state’s transition from fossil fuels to renewable energy.
The Energy Transformation Advisory Board includes representatives of labor, business, finance and environmental justice advocacy organizations as well as utilities, building owners and developers.
The board will advise the newly established Office of Energy Transformation, which has been given the task of affordably and responsibly accelerating the state’s gas-to-electric transition and readying the electric grid to meet the state’s climate and clean energy mandates.
The office has already announced three of its top goals: transitioning away from the Everett Marine Terminal liquefied natural gas facility, decarbonizing how the state meets peak electric demand, and establishing alternative mechanisms to finance the clean energy transition.
Massachusetts has set a goal of a 50% reduction in greenhouse gas emissions by 2030 and net-zero emissions by 2050.
The best way to meet those goals will be the electrification of buildings and transportation powered by new clean energy sources, according to the Healey administration.
The Office of Energy Transformation’s mission is to ensure that the electric grid is affordably enhanced, that the state is making steady progress toward moving away from fossil fuels, and that workers and businesses dependent on fossil fuels for their livelihood have support during the transition.
“The clean energy future will not happen if we operate in silos,” Healey said in a written statement. “The Office of Energy Transformation and this newly-created Advisory Board is an invitation to everyone impacted to come to the table, bring solutions, and make real commitments to move us forward.”
The announcement follows last week’s approval by the Massachusetts Senate of a bill aimed at expanding the adoption of renewable energy in a bid to help Massachusetts meet its climate goals, including reaching net zero greenhouse gas emissions by 2050.
Supporters say the proposal will help lower utility bills by directing providers to offer discounted rates to consumers with low and middle incomes and give the state more flexibility to negotiate contracts with providers.
The bill would also ban “competitive electric suppliers,” which cost Massachusetts consumers more than $577 million over the past eight years, according to a report from the state attorney general’s office.
veryGood! (3)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Trump Media fires auditing firm that US regulators have charged with ‘massive fraud’
- Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
- When is daylight saving time? Here's what it means and when to 'fall back' in 2024
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Kylie Jenner Shares Her 5-Minute Beauty Routine for Effortless Glam
- How Meghan Markle and Prince Harry Changed the Royal Parenting Rules for Son Archie
- Many Florida women can’t get abortions past 6 weeks. Where else can they go?
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Horoscopes Today, May 4, 2024
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Mining ‘Critical Minerals’ in Eastern Europe and Central Asia Rife With Rights Abuses
- Berkshire Hathaway has first annual meeting since death of longtime vice chairman Charlie Munger
- 'It was quite a show': Escaped zebra caught in Washington yard after 6 days on the run
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Interstate 95 in Connecticut reopens after fiery gas tanker left it closed for days
- Tom Stoltman wins World's Strongest Man competition for third time in four years
- Florida bans lab-grown meat as other states weigh it: What's their beef with cultured meat?
Recommendation
South Korean president's party divided over defiant martial law speech
Horoscopes Today, May 4, 2024
PWHL’s strong first season coincides with a growing appetite for women’s sports
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, On Top of the World
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Madonna attracts 1.6M fans for free concert in Brazil to wrap up her Celebration tour
Trump Media fires auditing firm that US regulators have charged with ‘massive fraud’
Tanzania hit by power blackouts as Cyclone Hidaya strengthens toward country's coastline