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The Costs of Reducing U.S. CO2 Emissions - Further Sensitivity Analyses

In a previous paper, we used the Global 2100 model to explore the implications of a carbon constraint upon domestic energy costs and the resulting effects on the U.S. economy as a whole (Manne and Richels (1990). The impact of a CO2 limit will depend on the technologies and resources available for meeting demands as well as on the demands themselves. Given the enormous uncertainty surrounding these factors, losses were calculated under alternative assumptions about each.

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Energy Specializations: Energy and the Environment – Climate Change and Greenhouse Gases; Energy and the Environment – Policy and Regulation

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q35: Hydrocarbon Resources, Q54: Climate; Natural Disasters and Their Management; Global Warming, Q38: Nonrenewable Resources and Conservation: Government Policy, Q21: Renewable Resources and Conservation: Demand and Supply; Prices

Keywords: CO2 emission limits US, Sensitivity analysis, Carbon tax, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No4-4

Published in Volume 11, Number 4 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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