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Tailoring Renewable Portfolio Standards
Achieving Disparate Economic and Environmental Goals Through RPS Design
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115 b
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Within the United States, Renewable Portfolio Standard (RPS) programs have become a popular public policy initiative for states to enact in order to encourage the use of renewable resources for meeting state energy demand. As more states have adopted RPS programs, the design of these programs have grown more varied and complex as states seek to increase the benefits and decrease the costs of RPS programs by tailoring program design to suit the interests and characteristics of a state. This book seeks to explain the policy design options available when developing an RPS program, the potential impacts of structuring an RPS program in a particular manner, and the current best practices and national trends in designing RPS programs. Ultimately, policymakers have significant leeway in how a state RPS is designed and implemented but, by using established best practices and using RPS design components that reflect state-specific characteristics and goals, an effective policy that maximizes the benefits of renewable energy development can be created.
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