Study: Minnesota’s Renewable Energy Mandate Will Damage State Economy with Little-to-No Benefit to Environment

The study found that Minnesotans would pay $15 billion more for electricity between 2016 and 2025 because of the state’s RPS, as alternative energy is more costly and unreliable than conventional sources such as coal or natural gas. Meanwhile there will be negligible environmental benefit, as it is unlikely that use of renewables – especially wind, which the state mandates as a large percentage of its RPS – actually reduce greenhouse gas emissions. The study was prepared by economists at the Beacon Hill Institute at Suffolk University in Boston.