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State Policies Can Cut Energy Dependence

Author

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  • Bespalova, Olga

Abstract

The United States’ dependence on energy imports of fossil fuels has resulted in political and economic insecurity, as well as the depletion of natural resources and increased pollution. Although renewable energy production also creates negative externalities, their scope is much smaller than those caused by the generation of non-renewable energy. Renewable Portfolio Standards (RPS) requires the electric power industry to include renewable sources of energy. RPS policies can have a significant impact on renewable energy deployment if they have adequate enforcement mechanisms.

Suggested Citation

  • Bespalova, Olga, 2011. "State Policies Can Cut Energy Dependence," MPRA Paper 117279, University Library of Munich, Germany, revised Nov 2011.
    • Handle: RePEc:pra:mprapa:117279
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    File URL: https://mpra.ub.uni-muenchen.de/117279/1/BespalovaO%20%282011%29%20State%20Policies%20Can%20Cut%20Energy%20Dependence.%20Economic%20Bulletin%20of%20the%20American%20Institute%20for%20Economic%20Research.pdf
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    More about this item

    Keywords

    Renewable Portfolio Standards; electric power industry; renewable energy policy; policy compliance.;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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