In recent years, the cost of technologies used to produce wind and solar energy has dropped dramatically. This price drop has helped renewable energy sources gain traction in markets throughout the world, spurring important progress in reducing carbon emissions. But, policies to encourage renewable energies have also played an important role.
EPIC researchers are studying various renewable energy policies to ensure the policies not only deliver emissions reductions but also do so at the lowest possible price for consumers and taxpayers. Finding low-cost ways to reduce carbon emissions is critical to addressing climate change, as these policies can be deployed more aggressively than other, costly approaches.