Fact check: New report on renewable portfolio standards misses the mark
The University of Chicago (UCH) released a “working paper” this week examining renewable portfolio standards (RPSs). Unfortunately, it’s based on false pretenses and uses a questionable economic model to claim RPSs are substantially more costly to consumers than previously thought. While it is important to understand the effectiveness and impacts of these programs, the authors’ use of unrealistic assumptions and faulty logic leads to biased estimates that don’t align with real-world outcomes.
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