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January 13, 2016

State RPS Yielded $7.4 Billion in Benefits in 2013

A new study estimates the United States realized $2.2 billion in benefits from reduced greenhouse gas emissions, as well as $5.2 billion from reductions in other air pollution, resulting from state renewable portfolio standard (RPS) policies that were in effect in many states in 2013.

State renewable portfolio standard (RPS) policies generated an estimated $2.2 billion in benefits by lowering greenhouse gas emissions and an additional $5.2 billion by reducing other air pollution in 2013, according to a new study. The report was conducted by researchers from the Energy Department’s Lawrence Berkeley National Laboratory (LBNL) and National Renewable Energy Laboratory.

Entitled A Retrospective Analysis of the Benefits and Impacts of U.S. Renewable Portfolio Standards, the study evaluates the benefits and other impacts of RPS policies. RPS policies require utilities or other electricity providers to meet a minimum portion of their load with eligible forms of renewable electricity. They currently exist in 29 U.S. states plus Washington, D.C., and have been a driver for increased renewable electricity generation in the United States over the past decade. See the LBNL news release and the EERE Blog.