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The State and Local Cost of Net Zero

October 4 @ 11:00 am - 12:00 pm CDT

Part of the Lubar Research Seminar Series

Speaker: Peter Iliev,  Penn State University

We examine the economic effects of mandates to consume renewable energy and clean energy. U.S. state governments that adopt Renewable Portfolio Standards (RPS) see an increase in bond yields and a decrease in credit ratings. The higher cost of funding is concentrated in areas with high electricity prices. However, we observe opposite results when states introduce Clean Energy Standards (CES) that are more inclusive of a diverse group of energy sources. These results are robust in primary and secondary market transactions and extend to local municipalities and school district funding. Overall, our results highlight the costs to taxpayers of renewable and clean energy commitments.

 

Details

Date:
October 4
Time:
11:00 am - 12:00 pm CDT
Event Category:

Venue

Lubar Hall, N440
3202 N. Maryland Ave.
Milwaukee, WI 53201 United States
Phone
4142293821
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