Should alternative energy production royalties help fund coastal restoration?
Should alternative energy production royalties help fund coastal restoration? Greater Baton Rouge Business Report
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Lawmakers Consider Redirecting Alternative Energy Royalties for Coastal Restoration Fund
Lawmakers in Louisiana are discussing the possibility of allowing voters to decide whether royalties from alternative energy production should be redirected to the state’s coastal restoration fund, according to a report by The Center Square.
House Bill 300 and the Proposed Constitutional Amendment
Representative Joseph Orgeron, a Republican from Cut Off, has introduced House Bill 300, which aims to place a constitutional amendment on the ballot. This amendment would allow voters to decide whether federal revenues generated from alternative or renewable energy production sources, such as wind energy, solar energy, tidal energy, wave energy, geothermal energy, and other forms of alternative or renewable energy, should be redirected to the coastal restoration fund.
A similar bill was proposed by Orgeron last year but did not pass in the Senate. The current proposal is expected to be discussed by the House on Tuesday.
The Importance of Finding New Sources of Revenue for Coastal Restoration
During the committee approval process, Orgeron emphasized the need for the state to find new sources of revenue for coastal restoration projects. Currently, these projects are primarily funded through the Deepwater Horizon settlement, which is set to end in 2031. If the proposed change is not made, 25% of any Gulf alternative energy production royalties would go to the state’s Mineral and Energy Operations Fund, with the remainder going to the state’s General Fund.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | Indicator not mentioned in the article |
| SDG 14: Life Below Water | Target 14.2: Sustainably manage and protect marine and coastal ecosystems | Indicator not mentioned in the article |
| SDG 15: Life on Land | Target 15.1: Ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems | Indicator not mentioned in the article |
| SDG 17: Partnerships for the Goals | Target 17.17: Encourage and promote effective public, public-private, and civil society partnerships | Indicator not mentioned in the article |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 13: Climate Action
- SDG 14: Life Below Water
- SDG 15: Life on Land
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning
- Target 14.2: Sustainably manage and protect marine and coastal ecosystems
- Target 15.1: Ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems
- Target 17.17: Encourage and promote effective public, public-private, and civil society partnerships
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
No, the article does not mention or imply any specific indicators that can be used to measure progress towards the identified targets.
4. SDGs, Targets, and Indicators:
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | Indicator not mentioned in the article |
| SDG 14: Life Below Water | Target 14.2: Sustainably manage and protect marine and coastal ecosystems | Indicator not mentioned in the article |
| SDG 15: Life on Land | Target 15.1: Ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems | Indicator not mentioned in the article |
| SDG 17: Partnerships for the Goals | Target 17.17: Encourage and promote effective public, public-private, and civil society partnerships | Indicator not mentioned in the article |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: businessreport.com
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