Reports Differ on Nevada's Renewables (Reno Gazette Journal)
Like contrasting sides of a coin, two reports released this week are painting completely different pictures regarding the impact of the state’s Renewable Portfolio Standard (RPS).
The Las Vegas-based Clean Energy Project kicked things off by releasing a report Monday detailing the employment and economic impact of Nevada’s RPS. The report, which was done by Applied Analysis, found a positive boost to employment and economic output from the renewables standard.
In contrast, a report released today by the Nevada Policy Research Institute claims that the standard will cost Nevadans nearly $2.3 billion over 12 years.
The nonprofit’s report, which was conducted by the Boston-based Beacon Hill Institute, bases its findings on a projected 6 percent increase in Nevada electricity prices by 2025, which it says will reduce disposable income and lower employment.
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