Comparison of climate policies in the entice-br model

Research output: Contribution to specialist publicationArticle

17 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages163-174
Number of pages12
Volume27
NoSPEC. ISS. MAR.
Specialist publicationEnergy Journal
DOIs
StatePublished - Mar 29 2006

ASJC Scopus subject areas

  • Economics and Econometrics
  • Energy(all)

Fingerprint Dive into the research topics of 'Comparison of climate policies in the entice-br model'. Together they form a unique fingerprint.

  • Cite this