what does remi say? sm tools for evaluating climate change policies with remi pi+
TRANSCRIPT
what does REMI say? smwhat does REMI say? sm
Tools for Evaluating Climate Change Policies with REMI PI+
what does REMI say? smwhat does REMI say? sm
Overview
• Climate and Energy Policy Goals• Methodology• Simulation using PI+ • Summary
what does REMI say? smwhat does REMI say? sm
Reduce Greenhouse Gas Emissions
• National vs Regional Cap and Trade System
• Establishing Renewable Portfolio Standard
• Increase in Tax for Energy Producers or Fossil Fuel Producers
• Low Carbon Fuel Standard
what does REMI say? smwhat does REMI say? sm
Climate Change and Energy Policies
-Waxman-Markey (House Bill)
-Cantwell-Collins Bill
-Energy Bill
-Power-Plant-Only Approach
-EPA Regulation
-Carbon Tax
what does REMI say? smwhat does REMI say? sm
High-lows and Ranges
• Electricity price change– Price of permits (if any) or tax rate: energy price
change– level or target of emissions reduction in target years
• Reinvestment– In businesses– Tax credits or fee bates for consumers– Other government spending– How much if any?
what does REMI say? smwhat does REMI say? sm
Methodology
• Linking energy/environmental models with regional economic model – Choosing appropriate energy model outputs as inputs to
PI+– Energy model outputs: fuel price changes, technological
advancement requirements
• PI+ Scenario– Increase in electricity prices– Feebates for energy efficient appliances
what does REMI say? smwhat does REMI say? sm
Choosing Inputs
• Policy Variables (PVs)– Consumer Price: Electricity (amount) – Electricity Fuel Cost (Industrial, amount)– Electricity Fuel Cost (Commercial, amount)– Consumer Spending : Kitchen and other
Household Appliances (Amount)– Consumer Reallocation (Amount)
what does REMI say? smwhat does REMI say? sm
Model Structure
what does REMI say? smwhat does REMI say? sm
[PI+ DEMO]
what does REMI say? smwhat does REMI say? sm
Final Considerations
• Diligence in input data collection matters
• Understanding the policy and particularly the policy on different regions
• Results depend on regional industrial mix and regional factors
what does REMI say? smwhat does REMI say? sm
Contact Information