Renewable energy potential and adoption of renewable portfolio standards |
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Affiliation: | 1. Department of Nuclear Medicine, Elazig, Turkey.;2. Department of Nephrology, Firat (Euphrates) University Medical Faculty, Elazig, Turkey |
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Abstract: | Thirty states have adopted renewable portfolio standards (RPSs) that set targets for renewable energy generation by mandating electric power utilities obtain a minimum percentage of their retail load from renewable sources. To date, a number of studies have consistently found that political and economic factors impact RPS adoption. Studies have also examined the impact of renewable energy potential in a state on the probability of RPS adoption, but results have largely been statistically weak and inconclusive. After controlling for political and economic factors, we estimate that a one standard deviation increase in wind potential is associated with an approximately 4.2 percentage point increase in the probability of having an RPS, and a one standard deviation increase in solar potential is associated with a 6.1 percentage point increase in the probability of having an RPS. |
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Keywords: | Renewable portfolio standards Renewable energy Renewable energy potential Solar energy Wind energy |
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