Modeling the Economics of Greenhouse Gas Mitigation Summary of a Workshop (2011) / Chapter Skim
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1 Introduction
1 Introduction
Pages 1-3
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More fundamentally, these models differ as to how they represent basic processes that have a large impact on policy analysis -- such as technological learning and cost reductions that come through increasing production volumes -- or how they represent baseline conditions. Critical to the development of the federal climate change research and development (R&D)
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He noted that, when attempting to model the long-term energy system transformations that are necessary to address climate change, it is important to try to capture speculative technology changes -- and yet this is so difficult to do. He mentioned the potential for insights through marginal abatement supply curves, but also that these curves contain hidden assumptions that are fundamental to their construction.
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of a plausible energy future given the cur rent technological and demographic economic trends and what is assumed about current laws, regulations, and consumer behavior. These assumptions and projections, though, are highly uncertain, given that they are subject to many events that cannot be foreseen, such as energy supply disruption, policy changes, and technological breakthroughs.
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