The clean energy bill passed by the Minnesota Legislature with the support of Gov. Tim Walz has us imagining what a carbon-free energy Minnesota will be like in 2040. That's a positive thought that doesn't come easily in today's world.
While many of us may not be around to see it, our children and grandchildren will, and finally, we can say we're doing something for their future instead of leaving them a planet on fire.
The legislation, whose chief Senate author was Sen. Nick Frentz, DFL-North Mankato, stands as one of the most consequential efforts ever to preserve and protect Minnesota's pristine air, lakes and woods.
But equally important, it has widespread support among those most responsible for bringing carbon-free energy about — consumers, businesses and utilities. It's also reasonable for those businesses who will bear the burden of meeting the standards, investing in infrastructure and taking risks with new technology.
They're an important player in this necessary and noble effort and deserve credit. The legislation doesn't mandate how utility companies get to their goals, and, as Frentz said, those decisions are best left to the boardrooms.
The legislation calls for energy to be carbon-free a decade earlier than the biggest utilities in Minnesota had planned. Utilities would have to be 80% carbon-free by 2030, 90% carbon-free and 55% renewable by 2035 and 100% carbon-free by 2040.
There are exceptions. Utilities can petition the Public Utilities Commission to get a waiver for meeting their goals if costs are unreasonably high to ratepayers or the energy is not reliable. And because rural cooperatives have a starting point behind bigger utilities, they only have to reach 60% carbon-free by 2030. They still have to meet the 2040 carbon-free deadline.
The legislation also offers options for utilities that can't meet the standards. They can buy carbon credits from others that reduce carbon beyond their standards so in the end overall carbon is reduced. It's a market-driven system in that sense.