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Evaluating a Proposed 20% National Renewable Portfolio Standard

DescriptionThis paper provides a preliminary analysis of the impacts of a proposed 20% national renewable portfolio standard (RPS) by 2021, which has been advanced in the U.S. Congress by Senator Jeff Bingaman of New Mexico. The paper was prepared before the America Recovery and Reinvestment Act was signed into law by President Barack Obama on February 17, 2009, and thus does not consider important changes in renewable energy (RE) policy that need to be addressed in follow-on analysis. We use NREL's Regional Energy Deployment System (ReEDS) model to evaluate the impacts of the RPS requirements on the energy sector and consider design issues associated with renewable energy certificate (REC) trading markets.
File Name 
Product TypeReport/Plans
Num of Pages35
Document SizePDF 592 KB
First Received11/17/2011 12:00:00 AM
Program NameEnergy Analysis
Keywordsrenewable portfolio standard; RPS; Regional Energy Deployment System model; ReEDS; renewable energy certificates; RECs; generation capacity; National Energy Modeling System; NEMS; federal 20% RPS by 2021
Print Date2/1/2009 12:00:00 AM
Product ID5252
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