TY - GEN
T1 - Comparison of climate policies in the entice-br model
AU - Popp, David
N1 - Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2006/3/29
Y1 - 2006/3/29
N2 - This paper uses the ENTICE-BR model to study the effects of various climate stabilization policies. Because the ENTICE-BR model includes benefits from reduced climate damages, it is possible to calculate the net economic impact of each policy. In general, only the least restrictive concentration limit is welfare enhancing. While the policies are welfare enhancing in simulations using optimistic assumptions about the potential of the backstop energy technology, such assumptions mean that the backstop is also used in the no-policy base case, so that climate change itself is less of a problem. Finally, assumptions about the nature of R&D markets are important. Removing the assumption of partial crowding out from energy R&D nearly doubles the gains from policy-induced energy R&D.
AB - This paper uses the ENTICE-BR model to study the effects of various climate stabilization policies. Because the ENTICE-BR model includes benefits from reduced climate damages, it is possible to calculate the net economic impact of each policy. In general, only the least restrictive concentration limit is welfare enhancing. While the policies are welfare enhancing in simulations using optimistic assumptions about the potential of the backstop energy technology, such assumptions mean that the backstop is also used in the no-policy base case, so that climate change itself is less of a problem. Finally, assumptions about the nature of R&D markets are important. Removing the assumption of partial crowding out from energy R&D nearly doubles the gains from policy-induced energy R&D.
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U2 - 10.5547/issn0195-6574-ej-volsi2006-nosi1-7
DO - 10.5547/issn0195-6574-ej-volsi2006-nosi1-7
M3 - Article
AN - SCOPUS:51649101694
VL - 27
SP - 163
EP - 174
JO - Energy Journal
JF - Energy Journal
SN - 0195-6574
ER -