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EPA’s Renewable Portfolio Standards Goal For Virginia To Cost Between $1.9 – $3.5 Billion Annually

By accomacknpdc

October 26, 2016
accomacknpdc
Eastern Shore News

An economic impact study from the Natural Resource Economics, Inc. is available that examines the U.S. Environmental Protection Agency’s (EPA) Renewable Portfolio Standards Goal on Virginia and other states. EPA has set these goals for 29 states. Virginia will need to generate 6% of its energy from wind and solar by 2025.

The impact includes increased consumer electricity bills, the costs of Virginia produced goods and services will increase, and between 14,000-26,000 in jobs will not exist annually. The direct annual costs to meet the standard will be $510.7 million in 2016 and rise to $1.1 billion in 2020 and thereafter. The total impact is expected to be $1.9 billion in 2016 and rise to $3.5 billion in 2020 and cost $2.5 billion annually through 2040.

The EPA has developed a Social Cost of Carbon that ranges at the 5% discount rate of $12-$24 per ton. The impact study indicates the total cost of the avoided carbon in Virginia will range from $136-$234 per ton annually. For details, please read the study.

The Accomack-Northampton Planning District Commission (A-NPDC) fully complies with Title VI of the Civil Rights Act of 1964, the Civil Rights Restoration Act of 1987, Executive Order 12898 on Environmental Justice, and related nondiscrimination statutes and regulations in all programs and activities.

Title VI of the Civil Rights Act of 1964 prohibits discrimination on the basis of race, color, or national origin in programs and activities receiving Federal financial assistance. Specifically, Title VI provides that "no person in the United States shall, on the ground of race, color, or national origin, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving Federal financial assistance." (42 U.S.C. Section 2000d).

A-NPDC’s website, www.esvaplan.org, may be translated into multiple languages. Publications and other documents can be made available in alternate languages and formats upon request. A-NPDC public meetings are always held in ADA-accessible facilities and in transit-accessible locations when possible. Auxiliary services can be provided to individuals who submit a request at least seven days prior to a meeting. Requests made within seven days will be accommodated to the greatest extent possible. Any person who believes they have been aggrieved by an unlawful discriminatory practice by A-NPDC under Title VI has a right to file a formal complaint. Any such complaint may be in writing and filed with A-NPDC and/or the appropriate state or federal agency within 180 days of the alleged discriminatory occurrence. For more information on A-NPDC’s Title VI program, or to obtain a Title VI Complaint Form, please call (757) 787-2936 or email [email protected].