Economic and distributional impacts from carbon fee and dividend policies
Abstract/Contents
- Abstract
- The U.S. energy and climate policies currently in discussion have the potential to deliver a sizable reduction in carbon emissions. While many studies have modeled how similar polices might affect the economy, relatively few have assessed household implications. Furthermore, none of those have been under the current post-recession, post-shale gas boom economy. This dissertation examines the effects of a range of carbon fee and dividend policies in the current economic climate. The research evaluates individual economic sectors, as well as households at different income levels, and in different regions and states. The carbon fees range from $15-$35/tCO2, each escalating at 2-8% annually. The U.S. Government's energy-economic model (the National Energy Modeling System—NEMS) was used to identify impacts to each part of the economy. To determine the outcome for households, two external consumer expenditure surveys were incorporated. The results show that this range of policies could reduce carbon emissions between 5-24% over ten years, while reducing GDP by 0.4-1.6%. Most of the avoided emissions (85%) would result from decarbonizing the electricity sector. The carbon fees would raise $850 billion to $2.2 trillion, which should be recycled back into the economy through efficiency incentives and household rebates (dividends). Returning 50% of the revenues on a per capita basis would progressively offset increases in direct energy costs for 84% of all U.S. households.
Description
| Type of resource | text |
|---|---|
| Form | electronic; electronic resource; remote |
| Extent | 1 online resource. |
| Publication date | 2014 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Associated with | Wilkerson, Jordan Thomas |
|---|---|
| Associated with | Stanford University, Department of Management Science and Engineering. |
| Primary advisor | Weyant, John P. (John Peter) |
| Thesis advisor | Weyant, John P. (John Peter) |
| Thesis advisor | Koomey, Jon |
| Thesis advisor | Wara, Michael |
| Advisor | Koomey, Jon |
| Advisor | Wara, Michael |
Subjects
| Genre | Theses |
|---|
Bibliographic information
| Statement of responsibility | Jordan Thomas Wilkerson. |
|---|---|
| Note | Submitted to the Department of Management Science and Engineering. |
| Thesis | Thesis (Ph.D.)--Stanford University, 2014. |
| Location | electronic resource |
Access conditions
- Copyright
- © 2014 by Jordan Thomas Wilkerson
- License
- This work is licensed under a Creative Commons Attribution 3.0 Unported license (CC BY).
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