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Climate policy impacts : an endogenous optimization model and the regional greenhouse gas initiative

by Rosenquist, Jaclyn

Abstract

With the growing concern about climate change, integrated impact assessment models (IAMs) have been developed to assess climate mitigation policies. Previous attempts to endogenize technology into regional climate policy models have assumed learning-by-doing or include a single energy sector. This study corrects for the previous limitations in a regional model of the United States and the rest of the world. A backstop technology and knowledge spillovers are added to the model to improve the model’s capacity to simulate a real policy. Each specification is then simulated under no policy (business as usual), an optimal policy, and restrictions of emissions back to 1995 levels. Since the United States has refused to ratify the Kyoto Protocol, it is particularly important to evaluate climate policies specific to the United States, like the Regional Greenhouse Gas Initiative (RGGI). This study also aims to evaluate the effectiveness the RGGI by modeling permit-funded R&D in the energy sector.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Includes bibliographical references.

Colorado College Honor Code upheld.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:9794
Digital Origin
born digital
Extent
52 pages : illustrations (some color)