Loading Events

« All Events

  • This event has passed.

FLM Research, James Bushnell, March 15th, 2024

15 March @ 12h30 - 14h00


Speaker: James Bushnell, Professor, Dept. of Economics, University of California, Davis and Research Associate,  NBER  (National Bureau of Economic Research)

Title: Energy Policy Modeling Under Uncertainty: The Case of the U.S. Inflation Reduction Act

Abstract: In recent years the analysis of US climate policy on the electricity sector has predominantly deployed electricity planning  models that use deterministic or equilibrium optimization methods.  While uncertainty in key input assumptions is considered, it is usually restricted to scenario analysis.   In this study we combine time-series econometric forecasting methods with an equilibrium electricity system-expansion model.  The goal is to produce statistically rigorous distributions of outcomes, rather than rely upon individually selected scenarios.  We apply these techniques to the case of the US Inflation Reduction Act (IRA) in the context of the western US grid. The most significant power sector financial incentive is a production tax credit applied to eligible zero-carbon and storage resources.  Preliminary results indicate that the impacts of the IRA depend heavily on the realization of several key exogenous variables.  The result is a heavily skewed distribution of outcomes such as induced emissions reductions and the implied marginal costs of abatement.

Practical informations : Our Friday Lunch Meeting will take place from 12.30 to 2.00 pm

FLMs are held in a face-to-face format in the seminar room on the 4th floor of the Palais Brongniart, 28 Place de la Bourse, 75002 Paris.

To participate we invite you to register here

To receive invitations to the FLM, present your works or unsubscribe from the mailing list, do not hesitate to contact this address: flm@ChaireEconomieduClimat.org