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U.S. Greenhouse Gas Cap-and-Trade Proposals: Application of a Forward-Looking Computable General Equilibrium Model
(MIT Joint Program on the Science and Policy of Global Change, 2007-06)
We develop a forward-looking version of the MIT Emissions Prediction and Policy Analysis (EPPA) model, and apply it to examine the economic implications of proposals in the U.S. Congress to limit greenhouse gas (GHG) ...
Prospects for Plug-in Hybrid Electric Vehicles in the United States and Japan: A General Equilibrium Analysis
(MIT Joint Program on the Science and Policy of Global Change, 2009-04)
The plug-in hybrid electric vehicle (PHEV) may offer a potential near term, low carbon alternative to today's gasoline- and diesel-powered vehicles. A representative vehicle technology that runs on electricity in addition ...
The Cost of Climate Policy in the United States
(MIT Joint Program on the Science and Policy of Global Change, 2009-04)
We consider the cost of meeting emissions reduction targets consistent with a G8 proposal of a 50 percent global reduction in emissions by 2050, and an Obama Administration proposal of an 80 percent reduction over this ...
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 ...
Potential Land Use Implications of a Global Biofuels Industry
(MIT Joint Program on the Science and Policy of Global Change, 2008-03)
In this paper we investigate the potential production and implications of a global biofuels industry. We
develop alternative approaches to the introduction of land as an economic factor input, in value and
physical terms, ...
Modeling non-CO₂ greenhouse gases
(2002-12)
Although emissions of CO₂ are the largest anthropogenic contributor to the risks of climate change, other substances are important in the formulation of a cost-effective response. To provide improved facilities for addressing ...
Emissions trading to reduce greenhouse gas emissions in the United States : the McCain-Lieberman Proposal
(2003-06)
The Climate Stewardship Act of 2003 (S. 139) is the most detailed effort to date to design an economy-wide cap-and-trade system for US greenhouse gas emissions reductions. The Act caps sectors at their 2000 emissions in ...
Stabilization and Global Climate Policy
(MIT Joint Program on the Science and Policy of Global Change, 2004-07)
Academic and political debates over long-run climate policy often invoke “stabilization” of atmospheric concentrations of greenhouse gases (GHGs), but only rarely are non-CO2 greenhouse gases addressed explicitly. Even ...
Air Pollution Health Effects: Toward an Integrated Assessment
(MIT Joint Program on the Science and Policy of Global Change, 2004-07)
Scientists and policy makers have become increasingly aware of the need to jointly study climate change and air pollution because of the interactions among policy measures and in the atmospheric chemistry that creates the ...
The Prospects for Coal-To-Liquid Conversion: A General Equilibrium Analysis
(MIT Joint Program on the Science and Policy of Global Change, 2011-05)
We investigate the economics of coal-to-liquid (CTL) conversion, a polygeneration technology that produces liquid fuels, chemicals, and electricity by coal gasification and Fischer-Tropsch process. CTL is more expensive ...