According to a number of news outlets, Jeff Bingaman, a Democratic Senator from New Mexico, plans to introduce legislation next year that if passed could lead to an overhaul of the American economy and the increased funding and implementation of renewable energy.
Bingaman, who is the chairman of the U.S. Senate Committee on Energy and Natural Resources, requested that the proposed Clean Energy Standard undergo further analysis by the Energy Information Administration, and the findings indicate it could have a number of benefits, including creating sustainable green jobs.
ThinkProgress.org suggests that the Bingaman bill would lead to resources such as solar, biomass and wind generating twice as much energy as they do under the nation's current energy policy. The proposed legislatioin also looks to cut carbon emissions from power companies by nearly 50 percent over the next 25 years.
Overall, experts suggest the measure could only have a marginal affect on the U.S. GDP, reducing 2035 projections by .02 percent. This statistic may be one of the more important findings, as critics of the bill had long suggested that an overhaul of the country's energy policy could be particularly damaging to economic growth.
Still, experts say that the bill may have difficulty passing through both the House and Senate, a fact that Bingaman himself acknowledges.
"I think it would be very difficult to get it through both houses," Bingaman told reporters in October. "But, that doesn’t mean we shouldn’t introduce it and talk about it and let people respond to it."
Despite this, President Barack Obama has voiced support for the policy, suggesting himself that a goal of getting 80 percent of the country's energy from low-carbon sources by 2050 was a top national priority.