'We have a powerful tool to accelerate the energy transition in a way that builds community wealth and energy justice in our communities: publicly and cooperatively owned utilities,' assert ThomasMHanna, johannabozuwa, and Raj Rao in a new report.
"We have a powerful tool to accelerate the energy transition in a way that builds community wealth and energy justice in our communities: publicly and cooperatively owned utilities."Publicly and cooperatively owned utilities offer a better transition path to a fossil-free power grid than their corporate-owned counterparts—as long as they are properly reformed and regulated—the authors of a report published Monday argue.
"The United States urgently needs to transition off of fossil fuels and onto clean sources of energy to maintain a livable climate," they assert, noting that"as of 2020, only around 20% of U.S. electricity generation is from renewable energy sources." The authors stress that"we have a powerful tool to accelerate the energy transition in a way that builds community wealth and energy justice in our communities: publicly and cooperatively owned utilities."
, a New Deal program that boosted the electrification rate from 10% to 90% in a decade as farmers united to start their own electric cooperatives.
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