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Cap-and-Trade Climate Policies with Price-Regulated Industries: How Costly are Free Allowances?
(MIT Joint Program on the Science and Policy of Global Change, 2012-07-10)
We examine the impacts of alternative cap-and-trade allowance allocation designs in a model of the
U.S. economy where price-regulated electric utilities generate 30% of total CO2 emissions. Our empirical
model embeds a ...
The EU’s Emissions Trading Scheme: A Prototype Global System?
(MIT Joint Program on the Science and Policy of Global Change, 2009-02)
The European Union's Emission Trading Scheme (EU ETS) is the world's first multinational cap-and-trade system for greenhouse gases. As an agreement between sovereign nations with diverse historical, institutional, and ...
Analysis of U.S. Water Resources under Climate Change
(MIT Joint Program on the Science and Policy of Global Change, 2013-02)
The MIT Integrated Global System Model (IGSM) framework, extended to include a Water Resource System (WRS) component, is applied to an integrated assessment of effects of alternative climate policy scenarios on U.S. water ...
Probabilistic Projections of 21st Century Climate Change over Northern Eurasia
(MIT Joint Program, 2013-07-18)
We present probabilistic projections of 21st century climate change over Northern Eurasia using the Massachusetts Institute of Technology (MIT) Integrated Global System Model (IGSM), an integrated assessment model that ...
The CO2 Content of Consumption Across US Regions: A Multi-Regional Input-Output (MRIO) Approach
(MIT Joint Program on the Science and Policy of Global Change, 2014-08)
We improve on existing estimates of the carbon dioxide (CO2) content of consumption across regions of the United States. Using a multi-regional input-output (MRIO) framework, we estimate the direct and indirect CO2 emissions ...
Modeling Water Resource Systems under Climate Change: IGSM-WRS
(MIT Joint Program on the Science and Policy of Global Change, 2012-12)
Through the integration of a Water Resource System (WRS) component, the MIT Integrated Global System Model (IGSM) framework has been enhanced to study the effects of climate change on managed water-resource systems. ...
Specifying Parameters in Computable General Equilibrium Models using Optimal Fingerprint Detection Methods
(MIT Joint Program on the Science and Policy of Global Change, 2015-02)
The specification of parameters is a crucial task in the development of economic models. The objective of this paper is to improve the standard parameter specification of computable general equilibrium (CGE) models. On ...
The Impact of Advanced Biofuels on Aviation Emissions and Operations in the U.S.
(MIT Joint Program on the Science and Policy of Global Change, 2015-02)
We analyze the economic and emissions impacts on U.S. commercial aviation of the Federal Aviation Administration’s renewable jet fuel goal when met using advanced fermentation (AF) fuel from perennial grasses. These fuels ...
Modeling Uncertainty in Climate Change: A Multi-Model Comparison
(MIT Joint Program on the Science and Policy of Global Change, 2015-12)
The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in ...
Scenarios of Global Change: Integrated Assessment of Climate Impacts
(MIT Joint Program on the Science and Policy of Global Change, 2016-02)
Using the MIT Integrated Global System Modeling (IGSM) framework, we assess the climate impacts of emission scenarios exhibiting global mean surface temperatures ranging between 2.4°C and 4.3°C above pre-industrial by 2100. ...