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Assessing Economic Impacts of Greenhouse Gas Mitigation

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Many economic models exist to estimate the cost and effectiveness of different policies for reducing greenhouse gas (GHG) emissions. Some approaches incorporate rich technological detail, others emphasize the aggregate behavior of the economy and energy system, and some focus on impacts for specific sectors. Understandably, different approaches may be better positioned to provide particular types of information and may yield differing results, at times rendering decisions on future climate change emissions and research and development (R&D) policy difficult. Reliable estimates of the costs and benefits to the U.S. economy for various emissions reduction and adaptation strategies are critical to federal climate change R&D portfolio planning and investment decisions. At the request of the U.S. Department of Energy (DOE), the National Academies organized a workshop to consider these issues. A planning committee was appointed by the National Research Council to organize the workshop and moderate discussions. Richard Newell (Duke University), Marilyn Brown (Georgia Institute of Technology), John Weyant (Stanford University) and Paul Joskow (Alfred P. Sloan Foundation) worked with National Academies staff to organize the two-day event in Washington, D.C. The workshop was structured to encourage discussion of key policy questions, modeling approaches, assumptions, and uncertainties, to help clarify some of the debate, identify opportunities for advancing the capacity for economic analysis of climate policies, and assist the U.S. Climate Change Technology Program (CCTP) in guiding future investments in the U.S. federal R&D portfolio. As planning committee chair Richard Newell put it, the workshop comprised three dimensions: policy, analysis, and economics. Discussions along these dimensions were meant to lead to constructive identification of gaps and opportunities. The workshop focused on (1) policymakers’ informational needs; (2) models and other analytic approaches to meet these needs; (3) important economic considerations, including equity and discounting; and (4) opportunities to enhance analytical capabilities and better inform policy.

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Detail Information

Series Title

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Call Number

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Publisher

: ., 2009

Collation

1-55

Language

English

ISBN/ISSN

978-0-309-12700-4

Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

Assessing Economic Impacts of Greenhouse Gas Mitig

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