Updated: 15 minutes agoGovernor Mike Dunleavy participates in a panel discussion about arctic energy issues with Alberta Premier Danielle Smith on Monday, May 20, 2024 during the Alaska Sustainable Energy Conference at the Dena'ina Civic and Convention Center in Anchorage.
Altogether, the legislation, which will also exempt new renewable energy projects from property taxes, could transform Alaska from a state reliant on fossil fuel production to one that increasingly moves toward renewable energy and carbon neutrality. The state has yet to begin selling carbon offsetting credits, and carbon sequestration legislation has not been transmitted to the governor for his signature. But Dunleavy said Wednesday that Alaska’s carbon storage capacity “is absolutely significant.”. Alaska is not one of them, and at the conference, Dunleavy reiterated that he had no intention of developing such a target.“Within the energy sphere, there’s a lot of people that focus on reducing or eliminating carbon.
The governor was joined at the conference by a bipartisan group of 15 lawmakers, all of whom had recently supported the energy bills that Dunleavy celebrated. Despite disagreements with lawmakers earlier in the session, Dunleavy struck a celebratory tone when speaking about the Legislature. “What does that look like? To me, that looks like the ability to move the cheapest electron up and down the Railbelt system, no matter where it comes from, no matter how it’s generated, to the consumer at the cheapest rate possible.”
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