EconPapers    
Economics at your fingertips  
 

The role of energy efficiency spending in Maryland's implementation of the Regional Greenhouse Gas Initiative

Anthony Paul, Karen Palmer, Matthias Ruth, Benjamin Hobbs (), Daraius Irani, Jeffrey Michael, Yihsu Chen, Kimberly Ross and Erica Myers

Energy Policy, 2010, vol. 38, issue 11, 6820-6829

Abstract: What are the economic consequences of increased state spending on electricity consumption efficiency? The State of Maryland faces this question in deciding how much of its CO2 allowances auction proceeds (under the Regional Greenhouse Gas Initiative) to devote to such programs. Starting at a base of 25% of the proceeds, we consider the energy savings, emissions reductions, employment, and other impacts of increasing that percentage to 50% and 100%. A series of models - Haiku, JHU-OUTEC, and IMPLAN - are used for the analysis. We conclude that increasing the state's expenditures on energy efficiency programs would result in a decline in electricity consumption in the state and a corresponding decline in expenditures on electricity. Program implementation would lead to net positive growth in statewide economic activity and include growth in both jobs and wages.

Keywords: Climate; policy; Energy; efficiency; Electricity; demand (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301-4215(10)00519-7
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:38:y:2010:i:11:p:6820-6829

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-04-08
Handle: RePEc:eee:enepol:v:38:y:2010:i:11:p:6820-6829