University of California, Berkeley (UC Berkeley) has announced the results of a study examining the economic benefits of a comprehensive feed-in tariff (FIT). The analysis shows that enacting a robust FIT in California to achieve the state's 33% by 2020 renewable portfolio standard (RPS) would create more than $2 billion in additional tax revenue and would stimulate tens of billions of dollars in new investment.
Furthermore, the adoption of a comprehensive FIT will cost-effectively fulfill California's 33% by 2020 goal on schedule, according to the study.
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