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Title: Reduced emissions and lower costs: combining renewable energy and energy efficiency into a sustainable energy portfolio standard

Abstract

Combining renewable energy and energy efficiency in Sustainable Energy Portfolio Standard (SEPS) has emerged as a key state and national policy option to achieve greater levels of sustainable energy resources with maximum economic efficiency and equity. One advantage of the SEPS relative to a renewable portfolio standard or a stand-alone energy efficiency resource standard is enhanced flexibility and broader options for meeting targets. (author)

Authors:
; ;
Publication Date:
OSTI Identifier:
20885469
Resource Type:
Journal Article
Resource Relation:
Journal Name: Electricity Journal; Journal Volume: 20; Journal Issue: 4; Other Information: Elsevier Ltd. All rights reserved
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ENERGY EFFICIENCY; RENEWABLE ENERGY SOURCES; STANDARDS; FLEXIBILITY; COST; GASEOUS WASTES; AIR POLLUTION ABATEMENT; ENERGY POLICY; SOCIO-ECONOMIC FACTORS

Citation Formats

Brown, Marilyn A., York, Dan, and Kushler, Martin. Reduced emissions and lower costs: combining renewable energy and energy efficiency into a sustainable energy portfolio standard. United States: N. p., 2007. Web. doi:10.1016/J.TEJ.2007.03.005.
Brown, Marilyn A., York, Dan, & Kushler, Martin. Reduced emissions and lower costs: combining renewable energy and energy efficiency into a sustainable energy portfolio standard. United States. doi:10.1016/J.TEJ.2007.03.005.
Brown, Marilyn A., York, Dan, and Kushler, Martin. Tue . "Reduced emissions and lower costs: combining renewable energy and energy efficiency into a sustainable energy portfolio standard". United States. doi:10.1016/J.TEJ.2007.03.005.
@article{osti_20885469,
title = {Reduced emissions and lower costs: combining renewable energy and energy efficiency into a sustainable energy portfolio standard},
author = {Brown, Marilyn A. and York, Dan and Kushler, Martin},
abstractNote = {Combining renewable energy and energy efficiency in Sustainable Energy Portfolio Standard (SEPS) has emerged as a key state and national policy option to achieve greater levels of sustainable energy resources with maximum economic efficiency and equity. One advantage of the SEPS relative to a renewable portfolio standard or a stand-alone energy efficiency resource standard is enhanced flexibility and broader options for meeting targets. (author)},
doi = {10.1016/J.TEJ.2007.03.005},
journal = {Electricity Journal},
number = 4,
volume = 20,
place = {United States},
year = {Tue May 15 00:00:00 EDT 2007},
month = {Tue May 15 00:00:00 EDT 2007}
}
  • Combining renewable energy and energy efficiency in Sustainable Energy Portfolio Standards has emerged as a key state and national policy option to achieve greater levels of sustainable energy resources with maximum economic efficiency and equity. One advantage of the SEPS relative to a renewable portfolio standard or a stand-along energy efficiency resource standard is enhanced flexibility and broader options for meeting targets.
  • No abstract prepared.
  • In this study, renewable portfolio standards (RPS) exist in 29 US states and the District of Columbia. This article summarizes the first national-level, integrated assessment of the future costs and benefits of existing RPS policies; the same metrics are evaluated under a second scenario in which widespread expansion of these policies is assumed to occur. Depending on assumptions about renewable energy technology advancement and natural gas prices, existing RPS policies increase electric system costs by as much as 31 billion dollars, on a present-value basis over 2015-2050. The expanded renewable deployment scenario yields incremental costs that range from 23 billionmore » to 194 billion dollars, depending on the assumptions employed. The monetized value of improved air quality and reduced climate damages exceed these costs. Using central assumptions, existing RPS policies yield 97 billion dollars in air-pollution health benefits and 161 billion dollars in climate damage reductions. Under the expanded RPS case, health benefits total 558 billion dollars and climate benefits equal 599 billion dollars. These scenarios also yield benefits in the form of reduced water use. RPS programs are not likely to represent the most cost effective path towards achieving air quality and climate benefits. Nonetheless, the findings suggest that US RPS programs are, on a national basis, cost effective when considering externalities.« less
  • In this study, renewable portfolio standards (RPS) exist in 29 US states and the District of Columbia. This article summarizes the first national-level, integrated assessment of the future costs and benefits of existing RPS policies; the same metrics are evaluated under a second scenario in which widespread expansion of these policies is assumed to occur. Depending on assumptions about renewable energy technology advancement and natural gas prices, existing RPS policies increase electric system costs by as much as 31 billion dollars, on a present-value basis over 2015-2050. The expanded renewable deployment scenario yields incremental costs that range from 23 billionmore » to 194 billion dollars, depending on the assumptions employed. The monetized value of improved air quality and reduced climate damages exceed these costs. Using central assumptions, existing RPS policies yield 97 billion dollars in air-pollution health benefits and 161 billion dollars in climate damage reductions. Under the expanded RPS case, health benefits total 558 billion dollars and climate benefits equal 599 billion dollars. These scenarios also yield benefits in the form of reduced water use. RPS programs are not likely to represent the most cost effective path towards achieving air quality and climate benefits. Nonetheless, the findings suggest that US RPS programs are, on a national basis, cost effective when considering externalities.« less
  • Renewable portfolio standards (RPS) exist in 29 US states and the District of Columbia. This article summarizes the first national-level, integrated assessment of the future costs and benefits of existing RPS policies; the same metrics are evaluated under a second scenario in which widespread expansion of these policies is assumed to occur. Depending on assumptions about renewable energy technology advancement and natural gas prices, existing RPS policies increase electric system costs by as much as $31 billion, on a present-value basis over 2015-2050. The expanded renewable deployment scenario yields incremental costs that range from $23 billion to $194 billion, dependingmore » on the assumptions employed. The monetized value of improved air quality and reduced climate damages exceed these costs. Using central assumptions, existing RPS policies yield $97 billion in air-pollution health benefits and $161 billion in climate damage reductions. Under the expanded RPS case, health benefits total $558 billion and climate benefits equal $599 billion. These scenarios also yield benefits in the form of reduced water use. RPS programs are not likely to represent the most cost effective path towards achieving air quality and climate benefits. Nonetheless, the findings suggest that US RPS programs are, on a national basis, cost effective when considering externalities.« less