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A Model Clean Energy Standard

Steven Michel

The Electricity Journal, 2011, vol. 24, issue 3, 45-51

Abstract: Policymakers are now examining a "clean energy standard" as an alternative to greenhouse gas cap-and-trade regulation. This article presents a model CES that drives absolute CO2 reductions, and is indifferent to generation type. It awards credits based upon relative CO2 emissions and retires credits in a system that encourages energy efficiency. The system can link with existing and future GHG regulation, and would accommodate state renewable energy standards.

Date: 2011
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