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Sunday, November 24, 2024

Modern Technology, Old Mining Law Can Make Net-Zero a Reality - Bloomberg Law

Last updated Thursday, November 18, 2021 04:06 ET , Source: NewsService

If you were asked how renewable energy and a mining law written in 1872 are connected, I would expect your answer to be “they aren’t.” That would have been my answer years ago as well. But policy and technological developments over the past few decades have put the American renewable energy transition and the General Mining Law of 1872 on a path that makes them inseparable.

The Biden administration’s current policy is to pursue a pollution-free power sector by 2035 and a net-zero economy by 2050. To that end, the National Renewable Energy Laboratory recently issued a report to illuminate a path towards decarbonization by 2050. Interior also announced plans to lease new sections of the outer continental shelf for offshore wind development. To date, the U.S. has installed 102.8 gigawatts (GW) of solar capacity and 118 GW of wind capacity. America’s renewable deployment has been incredible, and the pace will quicken.

The connection between renewable energy and the General Mining Law starts to manifest when the collective “we” begin to realize that the amount of planned renewable capacity will require...



Read Full Story: https://news.bloomberglaw.com/us-law-week/modern-technology-old-mining-law-can-make-net-zero-a-reality

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