Effects of Carbon Policies and Technology Change

Molly Macauley and Jhih-Shyang Shih

RFF Working Paper Series from Resources for the Future

Abstract: We develop and estimate an index-based measure of expected consumer welfare under various carbon emissions control policies in the electricity generation sector. This approach estimates welfare effects by a somewhat less data intensive methodology than econometric approaches or more complex modeling. We include anticipated technological change in the production of renewable and nonrenewable power generation during the next two decades. We estimate welfare improvements from 2000 to 2020 as renewable energy technologies continue to be improved and gradually adopted, compared with a counterfactual scenario allowing for continual improvement of nonrenewable generation technology. We formally incorporate uncertainty. We evaluate the model under alternative carbon emissions control policies, including policies that create incentives through price mechanisms and policies that mandate the composition of the generation portfolio. We focus on three countries that differ widely in their power fuel mix: India, Germany, and the United States.

Keywords: carbon emissions control; electricity generation; technological change; consumer welfare (search for similar items in EconPapers)
JEL-codes: O33 Q40 Q42 (search for similar items in EconPapers)
Date: 2003-12-31
New Economics Papers: this item is included in nep-ene, nep-env and nep-ino
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rff.org/RFF/documents/RFF-DP-03-14.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rff.org/RFF/documents/RFF-DP-03-14.pdf [301 Moved Permanently]--> https://www.rff.org/RFF/documents/RFF-DP-03-14.pdf)

Related works:
Working Paper: Effects of Carbon Policies and Technology Change (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rff:dpaper:dp-03-14

Access Statistics for this paper

More papers in RFF Working Paper Series from Resources for the Future Contact information at EDIRC.
Bibliographic data for series maintained by Resources for the Future ().