All FSI Projects

Climate Change Policy

torresdelpaineglacier
torresdelpaineglacier
Photo credit: Stanford University

Dramatically reducing greenhouse gas emissions from the energy sector is likely to be expensive, but sound public policy can ensure that any investments in this area yield the greatest possible benefit for the climate. PESD uses economic modelling and the Energy Market Game to examine the efficiency of different climate policies in reducing emissions, with real-world politics taken into account. We consider the relative performance of carbon taxes and cap-and-trade systems under uncertainty (for example, uncertainty in economic growth as well as uncertainty in renewables growth and output). We also study the effect of overlapping climate policies (for example, a renewable portfolio standard and a carbon price operating at the same time) on economic and environmental outcomes.

Publications

David G. Victor
David G. Victor
;
Joshua C. House
Thomas C. Heller
;
David G. Victor
;
P.R. Shukla
;
Debhashish Biswas
;
Tirthankar Nag
;
Chi Zhang
;
Thomas C. Heller
;
David G. Victor
;
P.R. Shukla
;
Debhashish Biswas
;
Tirthankar Nag
David G. Victor
;
Joshua C. House
David G. Victor
;
Joshua C. House
;
Sarah Joy
Joseph Aldy
;
Robert Stavins
;
David G. Victor
David G. Victor
;
Danny Cullenward
David G. Victor
David G. Victor
Richard K. Morse
;
Gang He
Alexander Galetovic
;
Cristián M. Muñoz