Monday, September 06, 2004

Renewable Energy Bonanza in Arizona

According to a report produced by the Union of Concerned Scientists, Arizona could generate thousands of new jobs and billions of dollars for rural development by increasing the state commitment to renewable energy sources. Despite a substantial potential for tapping into solar and wind energy, Arizona currently produces less than one-half of one percent of electricity through renewable sources (other than hydro-electric power). The report determined that adopting the basic tenets of a national renewable electricity standard (RES), requiring 20 percent of electricity be generated by renewable sources by 2020, Arizona could create 3,900 new jobs and attract $1.6 billion in capital investment.