Florida Study - Bipartisan Policy Center

Recommendations

Info

This study was funded in part by a grant from the Bipartisan Policy Center.ii ___ Federal Renewable Energy Portfolio Standard Impacts on Florida
Executive SummaryThe purpose of this study is to project how meeting proposed Federal RenewableEnergy Portfolio Standards might impact the Florida economy. The two proposals consideredare the 25% RES and the 20% RES.Projections of future electricity demands and renewable energy requirements undereach of the two policy scenarios were used to project the amounts of renewable energy thatwould need to be generated. Once projections of renewable energy requirements for the statewere made, the type and number of facilities required to meet these energy needs wasprojected. Renewable energy technologies were assessed to determine their ability tocontribute to meeting the additional renewable energy requirements given the resource base ofFlorida. The expenditures on construction of additional renewable energy facilities andrecurring operating expenditures on inputs to renewable energy generation were then used toproject the economic impacts of meeting the additional renewable energy requirements. Aregional input/output model, IMPLAN, is used to project the economic impacts fromexpenditures by the renewable electricity industry both statewide and by BEA regions.Economic impacts from the renewable electricity generation, renewable electricity feedstockproduction, such as dedicated energy crops, and from electricity rate per kWh changes areprojected. Renewable energy sources projected include solar utility scale; solar residentialscale; landfill gas; gasification of metropolitan solid wastes; co-fire with wood solids; direct fireof dedicated energy crops, wood, and agricultural wastes, such as citrus wastes or broiler litter;and digestion of layer and dairy wastes. In 2015, the projected requirements under the 25%RES are 11.9 billion kWh and and14.7 billion kWh for the 20% RES. For 2025, the projectedrequirements under the 25% RES are 48.6 billion kWh and under the 20% RES are 42.9 billionkWh. The projected net generation from renewable energy in the state is 11.52 billion kWh in2015 and 24.79 in 2025 (Table ES.1).Statewide, the projected 2025 Total Industry Output (TIO) from operating additionalrenewable facilities is $11.2 billion under the federal policy proposals (Table ES.2). The MiamiRegion is projected to experience the greatest addition to economic activity, with the OrlandoRegion second, and the Sarasota Region third. The largest annual operating economic impactsare projected to be derived from gasification of metropolitan solid waste followed by direct fireddedicated energy crops.If developed, the annual impacts from dedicated energy crop production and collectionof agricultural wastes for energy conversion are estimated at $819 million in 2025. The Orlandoand Gainesville Regions are projected receive the greatest agricultural impacts fromdevelopment of the bioenergy sector.Although there are negative household income impacts from increased electricity prices,the overall net economic impacts from the additional renewable electricity industry are stillpositive. The total impact of the two scenarios is positive for the state and within each BEAregion of the state. The net projected economic impact exceed $9 billion in 2025 under bothpolicy scenarios.Federal Renewable Energy Portfolio Standard Impacts on Floridaiii
Page 1: Projected Impacts ofProposed Federa
Page 5 and 6: Table ES.2. Summary of the Projecte
Page 7 and 8: Table of ContentsPageExecutive Summ
Page 13 and 14: Study PurposeProjected Impacts of P
Page 15 and 16: The 20% RESThe proposed new PURPA S
Page 17 and 18: Table 4. The 25% RES for Federal Re
Page 19 and 20: Table 6. ContinuedUtility Name Plan
Page 21 and 22: Potential for Energy Generation to
Page 23 and 24: Table 9. Florida Landfill Gas Proje
Page 25 and 26: Table 11. Projected Potential for E
Page 27 and 28: Direct Fire With Dedicated Energy C
Page 29 and 30: Projections to Meet the Federal Pro
Page 31 and 32: shown in Figure 8. The Miami and Sa
Page 33 and 34: of representative facilities invest
Page 35 and 36: projected to be purchased. The REC
Page 37 and 38: MarkeyBingaman2.4% 4.8%6.6% 2.2%2.4
Page 39 and 40: MarkeyBingaman9.0% 2.4%34.8%9.0% 2.
Page 41 and 42: Table 21. Employment Projections Fr
Page 43 and 44: Figure 19 shows the total employmen
Page 45 and 46: Although there are negative impacts
Page 47 and 48: References UsedAmerican Renewable E
Page 49 and 50: APPENDIX AENERGY SOURCE ABBREVIATIO
Page 51 and 52: APPENDIX BEXPENDITURES BY REPRESENT
Page 53 and 54:
Conversion Technology: Large Reside
Page 55 and 56:
Conversion Technology: Utility Scal
Page 57 and 58:
Conversion Technology: Landfill Gas
Page 59 and 60:
Conversion Technology: Co-fire (15%
Page 61 and 62:
Conversion Technology: Wood Fired P
Page 63 and 64:
Conversion Technology: Dedicated En
Page 65 and 66:
Conversion Technology: Citrus Waste
Page 67 and 68:
Conversion Technology: High Pressur
Page 69 and 70:
Conversion Technology: Poultry Litt
Page 71 and 72:
Expenditure Summary for Poultry Lit
Page 73 and 74:
Conversion Technology: Methane Dige
Page 75 and 76:
Conversion Technology: Methane Dige
Page 77 and 78:
APPENDIX CECONOMIC IMPACTS FROM ADD
Page 79 and 80:
Federal Renewable Energy Portfolio
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
APPENDIX DFLORIDA ECONOMIC ACTIVITY
Page 93 and 94:
Page 95 and 96:
APPENDIX EAdjusted Bureau of Econom
Page 97:
Table E.1. Adjusted Bureau of Econo
show all

Florida Study - Bipartisan Policy Center

Create successful ePaper yourself

Delete template?

Save as template?