The Congressional Budget Office says in a new report that both a national “renewable energy standard” (RES) and a so-called “clean energy standard” (CES) would be more expensive ways of reducing greenhouse gas emissions than the infamous-and-now-dead cap-and-trade.
The CBO report states,
Neither a renewable electricity standard (RES) nor a clean electricity standard (CES) could achieve a desired reduction in carbon dioxide (CO2) emissions at as low a cost as a “cap-and-trade” program could.
Not that we have much confidence in CBO (has it ever been close to being correct in its budget projections?), but the report doesn’t seem to herald much of a future for energy central planning.