The Biden Administration has announced new carbon emissions targets. But what will it take to decarbonize power generation - and the rest of the economy - and how fast can we get there without breaking the bank or the electric grid? Is a 100% renewable power system possible and what would it cost? How do we encourage the innovation needed to build the grid of the future? E3's Arne Olson shares research on the costs and benefits of various clean energy policy approaches such as carbon pricing or a clean energy standard. Then, you'll hear how the energy development firm Competitive Power Ventures is planning to build and invest in lower-carbon resources while providing cost-effective reliable electricity today.