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Maryland’s O’Malley Boosting Renewable Energy as Seawater Rises

July 24 (Bloomberg) -- Maryland Governor Martin O’Malley plans to boost demand for renewable energy and slow emissions of greenhouse gases that contributed to a one-foot (30-centimeter) rise in the state’s sea levels over a century.

O’Malley will ask state lawmakers to require utilities buy 25 percent of their electricity from solar and wind power by 2020, up from the current 20 percent by 2022. The target was included in a report released by the governor’s office today.

O’Malley will discuss how Maryland will meet its goal of cutting greenhouse-gas emissions 25 percent below 2006 levels over the next seven years in a speech on climate change tomorrow. The investments in renewable energy and energy efficiency will produce economic benefits of $1.6 billion and support more than 37,000 jobs, according to the plan.

He also will set a goal to reduce peak power demand 15 percent by 2015 through energy-efficiency programs that improve home and office insulation and appliances.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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