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Economic growth model of investment, energy savings, and CO2 reductions: an integrated analysis of policies that increase investments in advanced efficient/low-carbon technologies.

DE2001757559

Publication Date	2000
Personal Author	Hanson, D.; Laitner, J. A.
Page Count	13
Abstract	A new analysis by the EPA Office of Atmospheric Programs and the Argonne National Laboratory (ANL), summarized briefly in this paper, indicates that a policy-driven, technology-led investment strategy can secure substantial domestic reductions of greenhouse gas emissions at a net positive impact on the U.S. economy. The analysis uses ANL's All Modular Industry Growth Assessment (AMIGA) system to represent the effects of a successful expansion of a well-designed set of low-carbon policies and programs. The results from these numerical simulations show that investments in cost-effective technologies that are energy-efficient and/or low-carbon intensive will tend to increase overall activity within the United States. Moreover, the analysis reveals a small increase in the nation's employment level. These positive results stem from: (I) a net reduction in energy expenditures made possible by investments that save money for businesses and consumers; and (ii) using revenues from the application of a carbon charge to reduce payroll taxes.
Keywords	Air pollution abatement Economic development Carbon dioxide Energy conservation Environmental policy Investment Mathematical models Energy efficiency
Source Agency	Technical Information Center Oak Ridge Tennessee
Corporate Authors	Argonne National Lab., IL.; Department of Energy, Washington, DC.
Document Type	Conference Proceedings
NTIS Issue Number	200123
Contract Number	W-31-109-ENG-38

Economic growth model of investment, energy savings, and CO2 reductions: an integrated analysis of policies that increase investments in advanced efficient/low-carbon technologies.

Economic growth model of investment, energy savings, and CO2 reductions: an integrated analysis of policies that increase investments in advanced efficient/low-carbon technologies.
DE2001757559

Publication Date	2000
Personal Author	Hanson, D.; Laitner, J. A.
Page Count	13
Abstract	A new analysis by the EPA Office of Atmospheric Programs and the Argonne National Laboratory (ANL), summarized briefly in this paper, indicates that a policy-driven, technology-led investment strategy can secure substantial domestic reductions of greenhouse gas emissions at a net positive impact on the U.S. economy. The analysis uses ANL's All Modular Industry Growth Assessment (AMIGA) system to represent the effects of a successful expansion of a well-designed set of low-carbon policies and programs. The results from these numerical simulations show that investments in cost-effective technologies that are energy-efficient and/or low-carbon intensive will tend to increase overall activity within the United States. Moreover, the analysis reveals a small increase in the nation's employment level. These positive results stem from: (I) a net reduction in energy expenditures made possible by investments that save money for businesses and consumers; and (ii) using revenues from the application of a carbon charge to reduce payroll taxes.
Keywords	Air pollution abatement Economic development Carbon dioxide Energy conservation Environmental policy Investment Mathematical models Energy efficiency
Source Agency	Technical Information Center Oak Ridge Tennessee
Corporate Authors	Argonne National Lab., IL.; Department of Energy, Washington, DC.
Document Type	Conference Proceedings
NTIS Issue Number	200123
Contract Number	W-31-109-ENG-38