University of Tennessee Study Defines New Market for Midwestern and Southeastern Farmers
Washington, D.C. – A new economic study conducted by the University of Tennessee‟s Bio-Based Energy Analysis Group has determined that there are significant market opportunities for agriculture if Congress enacts a national renewable energy standard (RES) policy.
Background. Renewable Electricity Standards provide an efficient mechanism to increase the share of electricity generated by renewable resources nationwide. Technologies that typically qualify for renewable energy standards include solar, wind, landfill/digester gas, geothermal, biomass (agricultural, wood, co-firing, methane recovery/animal waste), and biogas.
An RES policy requires utilities to provide a minimum percentage of energy from renewable sources. To date, RES policies to promote renewable energy have now been adopted by 27 states and the District of Columbia, generating growing momentum for a national-level program.
