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A Cost-Benefit Analysis Of A 25% Rps In Michigan, Fei Li
A Cost-Benefit Analysis Of A 25% Rps In Michigan, Fei Li
Dissertations, Master's Theses and Master's Reports - Open
Michigan depends heavily on fossil fuels to generate electricity. Compared with fossil fuels, electricity generation from renewable energy produces less pollutants emissions. A Renewable Portfolio Standard (RPS) is a mandate that requires electric utilities to generate a certain amount of electricity from renewable energy sources. This thesis applies the Cost-Benefits Analysis (CBA) method to investigate the impacts of implementing a 25% in Michigan by 2025. It is found that a 25% RPS will create about $20.12 billion in net benefits to the State. Moreover, if current tax credit policies will not change until 2025, its net present value will increase …