Blogs > Power to the People

Following energy issues in the state of Connecticut and beyond.

Wednesday, May 23, 2012

Public Willing To Pay Premium For National Clean Energy Standards

A new study conducted by researchers from Yale and Harvard universities finds that the average American is willing to add $162 to their annual electric bills in return for a national standard that requires 80 percent of energy generated by utilities to be from sources other than fossil fuels by 2035.

The joint Yale-Harvard study found that if the Obama Administration’s proposal for a national standard could pass both the U.S. House and Senate if it increased average electricity rates by no more than 5 percent and the definition of clean energy were expanded to include natural gas. 

The study's co-author, Yale Professor Matthew Kotchen, said its aim  "was to investigate how politically feasible an NCES really is from both an economics and political science perspective.” Kotchen said many believe that a national clean energy standard is the only feasible way to control greenhouse gas emissions.

Over 1,000 people responded to the survey, which was conducted between April 23rd and May 12.

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