Todd Myers, Environmental Director, at the Washington Policy Center joined CEOtoCEO to discuss proposed climate change policies and the future of natural gas in Washington State, and the effect the changes may have on business.
Todd explained the future of energy supply and current usage. He focused on natural gas and other renewables and the costs associated with these energy sources.
Todd provided an overview of current electrical generation in the Pacific Northwest, highlighting that the #1 source of electricity is hydro-electric, followed by coal and natural gas. Washington's abundant hydro-electric generation offers grid stability and flexibility, and keeps costs low.
Todd described the variability and timeliness of supply from wind and solar power generation, and the steady supply of proposed new nuclear power once it's online. He explained how wind and solar will fall short of taking the place of natural gas in the future.
In 2021, Washington State passed an aggressive "Cap and Trade System" law to have net zero carbon emissions by 2030; and by 2050 all energy has to come from renewable sources. Todd explained that Hydro and nuclear count as part of the CO2 goal, but the law eliminates building any new natural gas plants, because the timeline is too short to meet the standards.
You'll want to hear Todd's recommendations for the best, and most cost effective, ways to reduce CO2 emissions, and what the future of natural gas is in Washington State.
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If you have follow-up questions for Todd Myers, please reach out to him: email@example.com.
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