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Evaluating renewable portfolio standards and carbon cap scenarios in the U.S. electric sector

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  • Bird, Lori
  • Chapman, Caroline
  • Logan, Jeff
  • Sumner, Jenny
  • Short, Walter
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    Abstract

    This report examines the impact of renewable portfolio standards (RPS) and cap-and-trade policy options on the U.S. electricity sector. The analysis uses the National Renewable Energy Laboratory's Regional Energy Deployment System (ReEDS) model that simulates the least-cost expansion of electricity generation capacity and transmission in the U.S. to examine the impact of a variety of emissions caps--and RPS scenarios both individually and combined. The generation mix, carbon emissions, and electricity price are examined for various policy combinations simulated in the modeling.

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    File URL: http://www.sciencedirect.com/science/article/B6V2W-529SWC0-3/2/2112bda19624da724fcd6dfdb653cbc8
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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 39 (2011)
    Issue (Month): 5 (May)
    Pages: 2573-2585

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    Handle: RePEc:eee:enepol:v:39:y:2011:i:5:p:2573-2585

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    Web page: http://www.elsevier.com/locate/enpol

    Related research

    Keywords: Renewable portfolio standard Cap and trade Policy implementation;

    References

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    1. Fischer, Carolyn & Preonas, Louis, 2010. "Combining Policies for Renewable Energy: Is the Whole Less Than the Sum of Its Parts?," International Review of Environmental and Resource Economics, now publishers, vol. 4(1), pages 51-92, June.
    2. Blanco, Mari­a Isabel & Rodrigues, Glória, 2008. "Can the future EU ETS support wind energy investments?," Energy Policy, Elsevier, vol. 36(4), pages 1509-1520, April.
    3. Burtraw, Dallas & Palmer, Karen, 2005. "Cost-Effectiveness of Renewable Electricity Policies," Discussion Papers dp-05-01, Resources For the Future.
    4. Unger, Thomas & Ahlgren, Erik O., 2005. "Impacts of a common green certificate market on electricity and CO2-emission markets in the Nordic countries," Energy Policy, Elsevier, vol. 33(16), pages 2152-2163, November.
    5. Morthorst, P. E., 2003. "National environmental targets and international emission reduction instruments," Energy Policy, Elsevier, vol. 31(1), pages 73-83, January.
    6. Midttun, Atle & Gautesen, Kristian, 2007. "Feed in or certificates, competition or complementarity? Combining a static efficiency and a dynamic innovation perspective on the greening of the energy industry," Energy Policy, Elsevier, vol. 35(3), pages 1419-1422, March.
    7. De Jonghe, Cedric & Delarue, Erik & Belmans, Ronnie & D'haeseleer, William, 2009. "Interactions between measures for the support of electricity from renewable energy sources and CO2 mitigation," Energy Policy, Elsevier, vol. 37(11), pages 4743-4752, November.
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    Cited by:
    1. Xin-gang, Zhao & Tian-tian, Feng & Lu, Cui & Xia, Feng, 2014. "The barriers and institutional arrangements of the implementation of renewable portfolio standard: A perspective of China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 371-380.

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