Interactions between state-level emissions reduction policies

Lauren M. Davis () and Edward Balistreri

No 2013-03, Working Papers from Colorado School of Mines, Division of Economics and Business

Abstract: Renewable portfolio standards (RPS) have been implemented in many US states as a mechanism to reduce greenhouse gas (GHG) emissions and become more energy independent. One of these states, Colorado, has enacted an RPS requiring 20% of electricity sold within the state come from renewable sources by 2020. In this paper we present results of a dynamic computable general equilibrium model of the state economy to demonstrate the economic impacts of the RPS. Results are presented for the RPS alone and in conjunction with the state's long-term emissions reduction goals. We find that compared to the emissions reduction alone, leakage rates and emissions allowance prices are reduced in early years, but this benefit is lost as the emissions limit becomes more restrictive.

Pages: 29 pages
Date: 2013-07
References: Add references at CitEc
Citations:

Downloads: (external link)
http://econbus-papers.mines.edu/working-papers/wp201303.pdf First version, 2013 (application/pdf)

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:mns:wpaper:wp201303

Access Statistics for this paper

More papers in Working Papers from Colorado School of Mines, Division of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Jared Carbone ().