Ameresco Supports Inclusion of Energy Efficiency and Renewable Energy under Clean Power Plan
August 04 2015 - 5:46PM
Business Wire
EPA releases final rule for Clean Power Plan,
supports broad use of energy efficiency and renewable energy.
Ameresco, Inc. (NYSE: AMRC), a leading energy efficiency and
renewable energy company, encourages the use of energy efficiency
and renewable energy in state efforts to comply with the final rule
of the Clean Power Plan released by the U.S. Environmental
Protection Agency (EPA) yesterday.
“Energy efficiency is the most cost-effective, self-funded
strategy to reduce greenhouse gas emissions while saving energy and
creating jobs,” said George Sakellaris, President and Chief
Executive Officer of Ameresco. “We encourage states to adopt
strategies that promote public-private partnerships for energy
efficiency and renewable energy to reduce emissions under the
plan.”
Yesterday, the EPA released the final rule for the Clean Power
Plan which establishes carbon pollution standards for existing
power plants under Section 111(d) of the Clean Air Act. According
to the EPA, the plan is designed to reduce nationwide carbon
dioxide emissions from the power sector by 32 percent, from 2005
levels, by 2030.
The Clean Power Plan provides for a variety of strategies states
can utilize to reduce greenhouse gas emissions. This includes, but
is not limited to, demand-side energy efficiency, renewable energy,
and emissions credit trading. Under the rule, states are required
to develop and submit plans to the EPA by 2018 and the period for
mandatory reductions will begin in 2022.
The final rule emphasizes the role of energy efficiency as a key
compliance tool and provides states with guidance for how to
incorporate third-party financed (non-ratepayer) energy efficiency
projects, such as energy savings performance contracts, into
broader strategies to comply with the plan. The company believes
that this marks a significant improvement to the proposal released
last year. The EPA also clarified that such projects would be
eligible for emission reduction credits.
The final rule also encourages increased renewable energy
generation and encourages the early deployment of investments in
wind and solar energy, as well as demand-side energy efficiency in
low-income communities, by providing states with incentives for
early action. Ameresco will continue to advocate the EPA to provide
early credit for all third-party financed energy efficiency
projects.
“There is tremendous potential for energy savings performance
contracting and distributed generation to support the Clean Power
Plan, and we will continue to advocate for states to maximize those
opportunities,” said Sakellaris. “As a trusted sustainability
partner, Ameresco strives to provide integrated energy solutions
that also support environmental stewardship.”
About Ameresco
About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC)
is a leading independent provider of comprehensive services, energy
efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions for businesses and organizations
throughout North America and Europe. Ameresco’s sustainability
services include upgrades to a facility’s energy infrastructure and
the development, construction and operation of renewable energy
plants. Ameresco has successfully completed energy saving,
environmentally responsible projects with Federal, state and local
governments, healthcare and educational institutions, housing
authorities, and commercial and industrial customers. With its
corporate headquarters in Framingham, MA, Ameresco has more than
1,000 employees providing local expertise in the United States,
Canada, and the United Kingdom. For more information, visit
www.ameresco.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150804007014/en/
Ameresco, Inc.Media Contact:CarolAnn Hibbard,
508-661-2264news@ameresco.com
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