Search

Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 2 of 2)



Policy Effectiveness in Energy Conservation and Emission Reduction

Mei Yuan, Sugandha Tuladhar, Paul Bernstein, and Lee Lane

Year: 2011
Volume: Volume 32
Number: Special Issue
DOI: 10.5547/ISSN0195-6574-EJ-Vol32-SI1-9
View Abstract

Abstract:
In an effort to compare the effectiveness of possible policy options to tackle a range of energy and environmental issues, we employ an integrated assessment model which couples a technology-rich bottom-up model of the U.S. electricity sector with a fully dynamic forward-looking general equilibrium model of the U.S. economy. The model provides a unique and consistent modeling framework for energy and environmental policy analysis. The results from the model show that a carbon tax would be the most cost-effective tool for lowering carbon dioxide emissions, and an energy tax would most cost-effectively lower total energy consumption. Though energy efficiency standards are found to be the least cost-effective at reducing energy usage or mitigating carbon emissions, their appeal is likely to rest on assumptions about specific market failures or on political factors.



Interaction Effects of Market-Based and Command-and-Control Policies

Sugandha D. Tuladhar, Sebastian Mankowski, and Paul Bernstein

Year: 2014
Volume: Volume 35
Number: Special Issue
DOI: 10.5547/01956574.35.SI1.4
View Abstract

Abstract:
Scientific evidence indicates that greenhouse gases emissions related to human activity are a significant contributor to global climate change. This paper investigates the impact of policy prescriptions and technologies for reducing U.S. greenhouse gas emissions. The analysis uses NERA's NewERA integrated model, which combines a top-down general equilibrium macro model of the U.S. economy with a detailed bottom-up model of the North American electricity sector. It examines the cost of cutting emissions by 0% to 80% of 2005 levels by 2050 under several scenarios, which consider different assumptions about policy choices ranging from purely market-based policy such as a cap-and-trade program to purely command-and-control policies and technology involving availability and efficacy of nuclear, Carbon Capture and Storage, renewables, and end-use efficiency technology. Our analysis shows a distinct efficiency advantage for market-based mechanisms and interaction of command-and-control mandates with market-based policies increase market distortions leading to higher welfare loss. We show that under such a mixed policy regime, carbon price is an unsuitable indicator of economic costs. Keywords: Climate change policy, Market-based, Command-and-control, CGE models, Top-down bottom-up models, Low carbon fuel standards, Clean energy standards, Fuel economy standards





Begin New Search
Proceed to Checkout

 

© 2025 International Association for Energy Economics | Privacy Policy | Return Policy