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Marginal Abatement Costs and Marginal Welfare Costs for Greenhouse Gas Emissions Reductions: Results from the EPPA Model
(MIT Joint Program on the Science and Policy of Global Change, 2008-11)
Marginal abatement cost (MAC) curves, relationships between tons of emissions abated and the CO2 (or GHG) price, have been widely used as pedagogic devices to illustrate simple economic concepts such as the benefits of ...
The Future of U.S. Natural Gas Production, Use, and Trade
(MIT Joint Program on the Science and Policy of Global Change, 2010-06)
Two computable general equilibrium models, one global and the other providing U.S. regional detail, are applied to analysis of the future of U.S. natural gas as an input to an MIT study of the topic. The focus is on ...
Combining a Renewable Portfolio Standard with a Cap-and-Trade Policy: A General Equilibrium Analysis
(MIT Joint Program on the Science and Policy of Global Change, 2010-07)
Many efforts to address greenhouse gas emissions combine a cap-and-trade system with other measures such as a renewable portfolio standard. In this paper we use a computable general equilibrium (CGE) model, the MIT Emissions ...