The Value of Advanced Energy Funding: Projected Effects of Proposed US Funding for Advanced Energy Technologies

Kathryne Cleary, Christoph Funke, Steven Witkin and Daniel Shawhan ()
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Kathryne Cleary: Resources for the Future
Christoph Funke: Resources for the Future
Steven Witkin: Resources for the Future

No 21-10, RFF Working Paper Series from Resources for the Future

Abstract: Conservatively, average power sector benefits across the technologies are likely to outweigh costs by 10.5 times with a national clean electricity standard, and 6.9 times without such standard.Ten years of additional funding, like what is authorized by the Energy Act of 2020, would generate average societal benefits of almost $40 billion per technology from 2040–2060.The experts expect the additional funding to reduce the costs of the technologies by 9–30 percent in 2035 compared to without it.Consumer electricity savings amount to an average of approximately $56 per household per year for each technology with a clean electricity standard, and $14 per household per year for each technology without one.Read the summary issue brief of this study here.

Date: 2021-04-28
New Economics Papers: this item is included in nep-des, nep-ene and nep-env
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