Renewable Portfolio Standards

State-level renewable portfolio standards (RPSs) aim to encourage renewable energy and discourage greenhouse gas (GHG) emissions from the electric power sector in the United States. Do they work? Some prominent government agencies and advocacy groups assert that U.S. renewables growth has been large...

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Published in:The Energy journal (Cambridge, Mass.) Mass.), 2023-09, Vol.44 (5), p.1-20
Main Authors: Feldman, Rachel, Levinson, Arik
Format: Article
Language:English
Subjects:
Alternative energy sources
Electric power
Electric power generation
Electric utilities
Electricity distribution
Emissions
Environmental aspects
Government agencies
Greenhouse gases
Industry forecasts
Management
Natural gas
Renewable energy
Renewable resources
Solar power
Sustainable yield
Wind effects
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creator Feldman, Rachel
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description State-level renewable portfolio standards (RPSs) aim to encourage renewable energy and discourage greenhouse gas (GHG) emissions from the electric power sector in the United States. Do they work? Some prominent government agencies and advocacy groups assert that U.S. renewables growth has been largely due to RPSs. That seems unlikely, given that in most regions, renewables exceed RPS requirements. But it is not an easy question to answer, thanks to interstate trading and the possibility that states with abundant renewable resources might set the most ambitious RPS goals. We combine the best features of four recent academic studies, using ordinary least-squares and instrumental variables approaches. In some specifications, RPSs do appear to reduce the use of natural gas to generate electricity and decrease GHG emissions, while boosting the use of wind and solar power. But the effects are small—consistent with the academic findings and in contrast to the public claims and policy goals.
doi_str_mv 10.5547/01956574.44.4.rfel
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source EconLit s plnými texty; ABI/INFORM Global (ProQuest); BSC - Ebsco (Business Source Ultimate)
subjects Alternative energy sources
Electric power
Electric power generation
Electric utilities
Electricity distribution
Emissions
Environmental aspects
Government agencies
Greenhouse gases
Industry forecasts
Management
Natural gas
Renewable energy
Renewable resources
Solar power
Sustainable yield
Wind effects
title Renewable Portfolio Standards
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