I thank the Senator from Rhode Island and the Senator from New Jersey for engaging in such an energetic dialogue about these issues. Allow me to brag about Hawaii a little bit. I would like to speak about the incredible work Hawaii has done in energy transformation. We have taken a problem--high energy prices, no in-state fossil fuel resources--and turned it into an opportunity to transition the State to clean energy. Hawaii, like Alaska and the territories, is geographically isolated from the rest of the country. This relative isolation presents unique challenges. Hawaii has some of the highest energy costs in the country. Our energy mix is heavily reliant on oil and our multiple islands mean we have multiple electric grids. This challenging picture also presents unparalleled opportunity because the high cost of energy makes renewables not only competitive but often the low-cost option. We have abundant natural resources in solar, wind, geothermal, and ocean energy. But that doesn't make a transition to clean energy easy. Current policies, entrenched modes of thinking, longstanding business models, along with high upfront costs for capital for clean energy mean we need to aggressively encourage market transformation using a variety of policy tools. Thankfully, farsighted and committed policymakers have helped Hawaii to develop and implement some of the most aggressive clean energy and efficiency goals in the country.…
On the recordMarch 10, 2014
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