Dr. Jonathan Hughes
The Clean Energy Standard Act of 2012 (CESA-12) was introduced to reduce carbon dioxide (CO2) emissions and promote the use of renewable energy in the electricity sector. The legislation contains two separate policy mechanisms to achieve its goals: a generation requirement that specified technology distributions, and a carbon emission intensity requirement. The carbon intensity aspect of the bill is a novel approach for addressing carbon emissions produced from electricity generation, though similar schemes have already been implemented in the transportation sector. This paper finds that the bill acts as a Renewable Portfolio Standard (RPS) for the first ten years of its life, and then acts as a hybrid RPS-carbon intensity standard for the remainder, based on current generation distribution projections. When the carbon intensity requirements are isolated using historical data, CESA-12 generally reduces carbon emissions, though does so at the cost of simultaneously reducing social welfare.
Lauderbaugh, Alexander, "Evaluation of the Clean Energy Standard Act of 2012" (2012). Undergraduate Honors Theses. 320.