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dc.contributor.authorMorris, Jennifer
dc.contributor.authorReilly, John M.
dc.contributor.authorPaltsev, Sergey
dc.date.accessioned2010-08-26T15:27:52Z
dc.date.available2010-08-26T15:27:52Z
dc.date.issued2010-07
dc.identifier.urihttp://globalchange.mit.edu/pubs/abstract.php?publication_id=2069
dc.identifier.urihttp://hdl.handle.net/1721.1/57560
dc.descriptionAbstract and PDF report are also available on the MIT Joint Program on the Science and Policy of Global Change website (http://globalchange.mit.edu/)en_US
dc.description.abstractMany 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 Prediction and Policy Analysis (EPPA) model, to investigate the effects of combining these policies. We find that adding an RPS requiring 20 percent renewables by 2020 to a cap that reduces emissions by 80% below 1990 levels by 2050 increases the net present value welfare cost of meeting such a cap by 25 percent over the life of the policy, while reducing the CO2-equivalent price by about 20 percent each year.en_US
dc.description.sponsorshipThis study received support from the MIT Joint Program on the Science and Policy of Global Change, which is funded by a consortium of government, industry and foundation sponsors.en_US
dc.language.isoen_USen_US
dc.publisherMIT Joint Program on the Science and Policy of Global Changeen_US
dc.relation.ispartofseries;Report no. 187
dc.titleCombining a Renewable Portfolio Standard with a Cap-and-Trade Policy: A General Equilibrium Analysisen_US
dc.typeTechnical Reporten_US
dc.identifier.citationReport no. 187en_US


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