The Potential and Power of Renewable Energy Credits to Enhance Air Quality and Economic Development in Arizona

27 Pages Posted: 17 May 2011 Last revised: 7 Jun 2013

See all articles by Matthew McDonnell

Matthew McDonnell

Independent

Kirsten H. Engel

University of Arizona - James E. Rogers College of Law

Ardeth Barnhart

University of Arizona – Institute of the Environment

Date Written: 2011

Abstract

Renewable energy holds the potential to address two needs in Arizona: cleaner air and a more vibrant economy. This article will recommend several changes to Arizona law and policy with respect to the State’s Renewable Energy Standard and Tariff (REST). Specifically, we suggest the State: (i) increase the percentage of renewable energy required under the REST schedule; (ii) allow a certain percentage of the REST to be met through RECs that are “unbundled” from the underlying electrons; (iii) require the use of an online tracking system; and, (iv) establish transparent noncompliance penalties.

Keywords: Renewable Energy, Renewable Portfolio Standard, Solar Power, Incentives, Energy Markets, Tradable Credits

JEL Classification: K32, K2

Suggested Citation

McDonnell, Matthew and Engel, Kirsten H. and Barnhart, Ardeth, The Potential and Power of Renewable Energy Credits to Enhance Air Quality and Economic Development in Arizona (2011). 43 Arizona State Law Journal 809 (2011); Arizona Legal Studies Discussion Paper No. 11-21. Available at SSRN: https://ssrn.com/abstract=1843527

Matthew McDonnell

Independent

No Address Available

Kirsten H. Engel (Contact Author)

University of Arizona - James E. Rogers College of Law ( email )

P.O. Box 210176
Tucson, AZ 85721-0176
United States
520-621-5444 (Phone)

Ardeth Barnhart

University of Arizona – Institute of the Environment ( email )

Department of History
Tucson, AZ 85721
United States

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