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Renewable Portfolio Standards and Policy Stringency: An Assessment of Implementation and Outcomes
Author(s) -
Anguelov Nikolay,
Dooley William F.
Publication year - 2019
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/ropr.12322
Subject(s) - renewable energy , energy security , portfolio , net metering , economics , context (archaeology) , divestment , fossil fuel , consumption (sociology) , renewable portfolio standard , energy policy , natural resource economics , environmental economics , business , feed in tariff , finance , engineering , distributed generation , paleontology , social science , sociology , biology , waste management , electrical engineering
Abstract This research examines the impact of increasing the stringency of renewable portfolio standards (RPS) on the consumption of energy produced from renewable sources. Putting prior findings in the context of policy learning, first we focus on technological innovation, factor endowments, and economic energy dependence of American states to track how RPS have proliferated and strengthened. Next, we look at the net effect of this RPS evolution on state fossil fuel energy divestment. To evaluate the interplay between: a) the political desire to lower fossil fuel use, b) technological feasibility to do so, and c) the economic trade‐offs and risks, we focus on the industrial sector dependence on energy security and affordability. Our results indicate that energy security is a priority and even in light of increasing RPS stringency, states with relatively weak but mandatory RPS are leaders in aggregate renewable energy consumption. This fact is due to favoring biofuel and hydro generation rather than solar and wind because of lower deployment costs.