Energy & Environment
States & Businesses Push for Tougher Renewable Portfolio Standard
April 1, 2021 | Billy Culleton
Despite the pandemic-induced shutdowns causing severe disruption in global energy markets last year, several state lawmakers have doubled down on their commitment to making renewables a larger part of their energy mix. Currently, thirty states plus D.C. have enacted binding renewable portfolio standards for their public electric utilities while seven states have enacted voluntary renewable targets for public utilities to target. As businesses look to procure more renewable energy in the years to come, Renewable Portfolio Standards (RPS) targets will be a competitive tool for states to attract new development over the coming decades.