Evaluating the Costs and Benefits of Renewable Portfolio Standards

This paper by Dr. Timothy J. Considine, Distinguished Professor of Energy Economics with the School of Energy Resources and the Department of Economics and Finance at the University of Wyoming, studies the renewable portfolio standards (RPS) of 12 different states and concludes while RPS investments stimulate economic activity, the negative economic impacts associated with higher electricity prices offset the economic stimulus from these RPS investments. His findings suggest RPS are a costly and inefficient means to reduce greenhouse gas emissions and reduce economic growth and employment.  • ˆ‘ Š‡•‡ ‹