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New Markets and Opportunities for Agriculture in Colorado, Florida, Kansas, and North Carolina: An Economic Analysis of a Federal Renewable Portfolio Standard

The Bipartisan Policy Center’s National Commission on Energy Policy awarded the University of Tennessee’s Biobased Energy Analysis a grant to undertake an economic analysis of the economic costs and benefits from a Federal RPS policy to agricultural counties in Colorado, Florida, Kansas, and North Carolina. The focus of this study centers on the impact of RES policy on farm revenue, taking a close look at the true potential of new markets for biomass resources in these states and the revenue that these markets could generate at the farm level. Similarly, the University of Tennessee researchers evaluated the potential direct employment opportunities that could result from building out new electric generating facilities in these states, as well as the potential for job growth on the farm supported by increased biomass production.  The researchers analyzed proposed renewable energy standard proposals that were introduced into the 111th Congress, as well as state-level policies in place in Colorado and North Carolina.

Read the press release.

2009-10-23 00:00:00

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