Impacts of EPA’s finalized power plant greenhouse gas standards
Emissions reductions may be met with relatively small costs.
Bistline, John↗
Engineering topics
Fawcett, Allen
Publications and source records attributed to Fawcett, Allen.
Sensitivity of future regional and global energy markets and macroeconomic activity to a hypothetical global energy market disruption
Not Available
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Taking stock of nationally determined contributions: Continued ratcheting of ambition is critical to limit global warming to 1.5°C
We will discuss that as countries take stock of progress made in accomplishing their climate goals ahead of COP28 this year, it is increasingly apparent that countries must ratchet ambition in policy areas such as non-CO 2 gases and carbon dioxide removal, while halting deforestation to lead the globe on a path consistent with the goals of the Paris Agreement.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Emissions and Energy Impacts of the Inflation Reduction Act
If goals set under the Paris Agreement are met, the world may hold warming well below 2 degrees C (1); however, parties are not on track to deliver these commitments (2), increasing focus on policy implementation to close the gap between ambition and action. Recently, the US government passed its most prominent piece of climate legislation to date - the Inflation Reduction Act of 2022 (IRA) - designed to invest in a wide range of programs that, among other provisions, incentivize clean energy and carbon management, encourage electrification and efficiency measures, reduce methane emissions, promote domestic supply chains, and address environmental justice concerns (3). IRA's scope and complexity make modeling important to understand impacts on emissions and energy systems. We leverage results from nine independent, state-of-the-art models to examine potential implications of key IRA provisions, showing economy-wide emissions reductions between 43 and 48% below 2005 levels by 2035.
electricity↗
The energy system transformation needed to achieve the US long-term strategy
The authors designed and executed the integrated assessment modeling for the United States long-term strategy. They bring diverse expertise to the modeling and analysis of United States decarbonization. Russell Horowitz, Matthew Binsted, and Haewon McJeon are scientists at the Joint Global Change Research Institute, a partnership between Pacific Northwest National Laboratory and the University of Maryland. Allen Fawcett, James McFarland, and Morgan Browning are economists at the Environmental Protection Agency’s Climate Economics Branch. Claire Henly is White House Fellow at the Office of the US Special Presidential Envoy for Climate. Nathan Hultman is the Director of the Center for Global Sustainability at the University of Maryland.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Transparency crucial to Paris climate scenarios—Response
King et al. raise important issues, several of which pertain to the broader policy discourse surrounding international climate negotiations and countries’ cli-mate pledges rather than the modeling conducted in our Policy Forum. We agree with King et al. that the updated Paris Agreement pledges could paint an overly optimistic picture of the future, especially if their success depends on postponing deeper reductions until after 2030. To illustrate a less-optimistic future, our Policy Forum includes scenarios showing what would happen if countries continued to implement current policies alone. Importantly, the “Current policy” scenarios in the Policy Forum result in less than a 10% chance of limiting global warming to below 2°C this century, whereas the “Updated pledges” scenarios result in at least a 33% chance of achieving the same temperature goal. Additional policy measures could help bridge emission gaps between current policies, updated pledges, and the global emission levels needed to cost-effectively achieve the Paris Agreement’s climate goals (1).
54 ENVIRONMENTAL SCIENCES↗