in News Departments > New & Noteworthy
print the content item

RAND Corp., a Santa Monica, Calif.-headquartered nonprofit research corporation, recently released a report titled "Impacts on U.S. Energy Expenditures of Increasing Renewable Energy Use." The report shows that renewable energy sources could produce 25% of the electricity and motor vehicle fuels used in the U.S. by 2025 (25x'25) at little or no additional cost if fossil fuel prices remain high enough and the cost of producing renewable energy continues falling.

The Energy Future Coalition, a Washington, D.C.-based nonprofit organization, asked RAND to assess the economic and other impacts of meeting the 25x'25 goal. The report indicates that meeting the 25x'25 target would not increase total national energy spending if renewable energy production costs decline by at least 20% between now and 2025 - unless long-term oil prices fall significantly below the range currently projected by the Energy Information Administration.

RAND examined 1,500 cases of varying energy price and technology cost conditions for renewable and nonrenewable resources during the study. The company found that an estimated 1 billion tons of carbon dioxide emissions would be reduced and 2.5 million barrels of oil consumption would be displaced if the goal were met.

The study is available for download at www.rand.org/pubs/technical_reports/TR384/



Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015