In the absence of a comprehensive, national climate policy, many state governments have implemented their own policies aimed at reducing emissions within their borders. Renewable portfolio standards (or RPS) are perhaps the best-known of these policies, requiring that a certain minimum percentage of a state’s electricity come from solar, wind, and other renewable sources. Advocates argue that such standards can reduce carbon emissions and offer consumers more choice. But there have been long-standing questions about the precise impact of these policies on electricity rates and their overall efficiency as a climate policy. Do portfolio standards increase electricity rates? By how much, and through what means? And how cost-effective are they as an emissions reduction strategy?
Join EPIC and our panel of experts as we announce new, cutting-edge research that sheds light on these and other questions and discuss the economic and climate impacts of renewable portfolio standards.
This event is part of EPIC’s Energy Inquiry & Impact Series, designed to explore the latest energy data coming out of the University of Chicago and their impacts on policy discussions. Cutting-edge findings will serve as the launching pad to frame these deep-dive conversations, as researchers and EPIC policy fellows navigate ways to translate research into solutions.