Power

Kutak Rock and JLL release a roadmap to achieve U.S. climate goals

Kutak Rock

Kutak Rock LLP along with JLL, energy practice and advisory firms, have released a paper in which they outline recommendations for the federal government, for it to achieve its ambitious climate goals.

Firstly, the paper is called “Roadmap to Implementing Climate and Resilience Goals: Federal Agency Solutions.” It is particularly designed to assist the federal government to meet the goals of the Biden Administration’s Executive Order 1408.

Secondly, as we have reported previously, the Biden administration has pledged to move forward, even aggressively towards energy transition; however, it has faced some opposition as many states in the U.S. rely on hydrocarbons and fossil fuels.

Thirdly, in this regard, the paper outlined by Seth Kirshenberg of Kutak Rock, and Brian Oakley of JLL, draws specific measures needed to successfully tackle that issue. Specifically, the Biden Administration has indicated it will move forward with significant federal purchasing of carbon-free power.

Nevertheless, a key question of that plan and for the implementation of that policy, is whether individual federal agencies, especially those with large power requirements, will implement the policies quickly and on a large scale; according to Kutak Rock’s statement.

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Kutak Rock and JLL offer solutions for federal government, as it is the largest power purchaser

Consequently, the authors outline tools, protocols, processes and overall recommendations for those federal agencies to move from the concept, to the actual implementation of the policy. The paper also includes strategies for negotiation, development, finance, construction and implementation.

Furthermore, some of these recommendations are: empower agencies to authorize PPAs for up to 40 years; clarify legal authorities and the use of federal power marketing agencies; address needs of financial community; also, develop appropriate budget scoring; also, prioritize carbon-free energy; as well as to create accountability measures for meeting carbon-free energy goals.

On the other hand, Kirshenberg and Oakley point out in the paper. “Federal procurement can be a powerful initiative to drive; among other activities, greater adoption of carbon-free energy sources by federal agencies.”

Finally, they highlighted. “As the largest power purchaser in the country, the federal government affects the types and cost of power available for the entire United States; and can potentially increase the market for carbon-free electricity.”

To access the paper, click here.

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