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Renewable portfolio standard: Difference between revisions
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Renewable portfolio standard (view source)
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Such a directive has little regard for cost, practicality, or [[Carbon emissions|science]] but is instead primarily an act of political [[wikipedia:Virtue_signalling|virtue signaling]]. | Such a directive has little regard for cost, practicality, or [[Carbon emissions|science]] but is instead primarily an act of political [[wikipedia:Virtue_signalling|virtue signaling]]. | ||
Or it is a cynical act of crony capitalism: Besides placing burdens on utilities and ratepayers, an RPS serves to create an obligatory market for energy sources that would otherwise find it difficult to compete with more reliable and cheaper sources. Combined with subsidies, e.g., [[ | Or it is a cynical act of crony capitalism: Besides placing burdens on utilities and ratepayers, an RPS serves to create an obligatory market for energy sources that would otherwise find it difficult to compete with more reliable and cheaper sources. Combined with subsidies, e.g., [[production tax credit]], [[Feed-in tariff|feed-in tariffs]], and an extra market for “[[green tags]]”, an RPS helps to guarantee attractive returns and tax avoidance for the investors in these “favored” technologies. | ||
==''See also:''== | ==''See also:''== | ||