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You are here News Environment Green energy investment set to 'explode' after Obama unveils carbon cuts

Green energy investment set to 'explode' after Obama unveils carbon cuts

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green energyFederal plans to enforce new carbon emissions cuts — potentially by up to 20 percent — could spark a rapid expansion in the renewables sector, environmental groups predicted Sunday ahead of the unveiling of a new government blueprint on clean energy.

“If you’re working in the solar or wind industry, you should feel very happy right now — those are the industries growing faster than the rest of economy,” Mike Brune, executive director of the Sierra Club, said. “It’s clear that those are going to be the industries to work in, invest in, and watch. They’re about to explode in terms of growth.”

The comments came on the eve of an announcement Monday in which the Environmental Protection Agency (EPA) chief Gina McCarthy is expected to outline new limits on existing power plants. In anticipation of the new guidelines, Obama said Saturday that it was time for “higher standards to cut pollution” and that the new rules would “cut down on the carbon pollution, smog, and soot that threatens the health of the most vulnerable Americans, including children and the elderly.”

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