A new study authored by energy expert Dr. Timothy Considine of the University of Wyoming finds that North Carolina’s 12 percent renewable portfolio standard (RPS) will increase electricity prices by 42 percent by 2020, and cost the Tar Heel State up to 50,000 jobs.
The study, “North Carolina’s Renewable Portfolio Standard: Examining the Economic Effects,” details the impact of RPS on electricity prices, job creation, and economic output through 2040. The study serves as a reminder that state lawmakers cannot ignore the economic implications for their constituents.
Renewable Portfolio Standards (RPS) exist in 29 states and the District of Columbia, requiring that a percentage of electricity be generated by wind, solar, and other forms of renewable energy in order to reduce greenhouse gas emissions.
The Civitas study generously accounts for the alleged benefits of renewable mandates as touted by its supporters and still finds that the costs impose significant net harm to the state.
Additional findings for the Tar Heel State:
- In North Carolina, RPS decreases economic output by more than $6.6 billion in 2025.
- Under RPS, North Carolina will experience a net loss of more than 50,000 fewer jobs in 2020 and 45,000 fewer jobs in 2025.
- By 2020, RPS policies increase North Carolina electricity costs by $1.9 billion. That year, the study finds that electricity prices will surge 42 percent.
To read the study, click on the image below:
Click image to view study.
Report written by Dr. Timothy Considine…for Civitas…. WOW what a surprising report!
Cozy relationships … Mapping the Right!
RPS is just one more initiative that sounds really good on paper but can’t survive reality. Our electric co-op has to write a 7-figure check each year to some wind farm in Nebraska in order to comply with the mandate that a certain percentage of their electricity come from alternative sources, yet there is no grid connectivity to bring that electricity here for distribution. I am personally paying about $5.60 more per month already just to offset that additional cost and get nothing in return for it, and have been for several years since these mandates first appeared. It is little more than a sham for subsidizing alternative energy development without going through the congressional appropriations process and putting Washington in bed even deeper with private industry.
I mean, just how much lobbying can that wind farm now buy with a million dollar plus windfall that cost them zero?
Maybe you should have let George write this report.He seems to know everything about everything .At least in his own mind.
I understand through a regulation or EO Duke Energy has been given a 10 year exemption on killing wildlife due to wind farms and solar farms.
In CA the largest solar farm is frying any birds flying “near” including eagles. That is how strong the force is, all in the name of progress.
HAWAII has rusted out dead fields of wind farms that no one is responsible to remove.
European countries have had a dramatic impact on their economy due to overspending on unsuccessful “progressive” clean energy.
WHY is NC ignoring all this? Sounds solely political again.
Lib political scheme. Lib political scam.
Facts have nothing to do with lib political schemes. Usually the more the facts prove libs wrong, the stronger lib support the idea. Take socialized medicine as a perfect example. And libs REFUSE to use any other nation as an example of socialist failure. Libs believe its ONLY because the wrong people occupy central planner control.
Just another example of libs trying to make themselves feel better. Because we all know with libs feelings are the only thing important. Truth and facts are almost always in opposition to lib politics. If it weren’t for how libs FEEL about everything, we might actually be able to make progress. Stuck with progressivism, all we have to look forward to is more cost, higher taxes, less electricity, fewer jobs, fewer birds, fewer trees so solar panels can be installed. And more lies.
Thank God Debbie Whatshername Shultz is GONE! FINALLY! Lock-her-up-Hillary is next!
We have to remember Ostupid said our power bills would skyrocket.Best I can tell this is the only thing he didn’t lie about.