Tag: Climate policy
Global Electrification of Light-duty Vehicles: Impacts of Economics and Climate Policy
We explore potential impacts of global decarbonization on trends in light-duty vehicle (LDV) fleets from 2020-2050. Using an economy-wide multi-region multi-sector model, we project that the global EV fleet will grow from 5 million vehicles in 2018 to about 95–105 million EVs by 2030, and 585–823 million EVs by 2050. At this level of market…
Relative Cost-Effectiveness of Electricity and Transportation Policies as a Means to Reduce CO2 Emissions in the United States: A Multi-Model Assessment
Two common energy policy instruments in the United States are tax incentives and technology standards. Although these instruments have been shown to be less cost-effective as a means to reduce CO2 emissions than direct emissions pricing mechanisms, it can be challenging to compare the CO2 emissions reduction costs of such policies across sectors, given the…
Lessons from Modeling 100% Renewable Scenarios Using GENeSYS-MOD
The main aim of models has never been to provide numbers, but insights. Still, challenges prevail for modelers to use the best configuration of their models to provide helpful insights. In the case of energy system modelling, this becomes even more complicated due to increasing complexity of the energy system transition through the potential and…
Leveraging the Inflation Reduction Act to Achieve 80×30 in the US Electricity Sector
The US Inflation Reduction Act (IRA) promises to deliver important reductions in CO2 emissions from the electricity sector along with a host of other benefits to citizens and electricity consumers, but it falls short of achieving the 80 percent reduction (below 2005 levels) by 2030 (80×30) consistent with meeting the nation’s Paris goals. This paper…
Policies and Institutions to Support Carbon Neutrality in China by 2060
China’s leadership has announced its aim to achieve carbon neutrality at the national level by 2060. Recent statements clarify that the country’s pledge applies to all greenhouse gases. This review examines the extent to which current policies and institutions would need to evolve to support deep decarbonization in the world’s largest emitting nation. First, we…
Projecting Energy and Climate for the 21st Century
The growing evidence of severe climate change impacts on human life and the global economy has created the increasing need for an assessment of low-carbon pathways. While the ultimate goal of zero- or near-zero global emissions is clear, the timing and trajectory to achieve low-carbon economic system is not. Projecting energy and climate is getting…
Influence of Climate Policy and Market Forces on Coal-fired Power Plants: Evidence on the Dutch market over 2006-2014
Many governments aim to reduce the dependence on coal-fired generation to decrease carbon emissions. At the same time power markets with competition between independently operating power firms have been created which leave the actual decisions concerning electricity production to these firms. This paper analyzes the interaction between climate policies and policies to foster power markets….
The Influence of Shale Gas on U.S. Energy and Environmental Policy
The emergence of U.S. shale gas resources to economic viability affects the nation’s energy outlook and the expected role of natural gas in climate policy. Even in the face of the current shale gas boom, however, questions are raised about both the economics of this industry and the wisdom of basing future environmental policy on…
Is Conflating Climate with Energy Policy a Good Idea?
This essay reviews the evolution of energy policy and climate policy in the United States and notes that the difference between the two has become increasingly less. In the nearly forty years that energy has been a public policy issue, it has always been characterized by impossible goals concerning reduced oil imports, but in the…