Costs of Mitigating Climate Change in the United States

Posted: 19 Oct 2010

See all articles by Niven Winchester

Niven Winchester

University of Otago - School of Business

Sergey Paltsev

Massachusetts Institute of Technology (MIT)

Jennifer F. Holak

Massachusetts Institute of Technology (MIT) - Joint Program on the Science and Policy of Global Change

John M. Reilly

Massachusetts Institute of Technology (MIT) - Joint Program on the Science and Policy of Global Change

Date Written: October 2010

Abstract

We consider the large range of estimated costs of meeting U.S. climate policy targets. Some of this range is due to different studies using different cost measures, and in principle such differences could be eliminated by more careful comparisons and greater transparency in studies that estimate costs. Still another source of differences is how the proposed policy is represented. Here, again, this source of difference could be reduced by more careful comparison and by better definition of implementation details. Even if these sources of difference could be eliminated, there would remain substantial uncertainties because of the difficulties of projecting economic activity over the long horizon of proposed policies. We show the importance of several of these factors, using a consistent modeling framework.

Suggested Citation

Winchester, Niven and Paltsev, Sergey and Holak, Jennifer F. and Reilly, John M., Costs of Mitigating Climate Change in the United States (October 2010). Annual Review of Resource Economics, Vol. 2, Issue 1, pp. 257-273, 2010. Available at SSRN: https://ssrn.com/abstract=1694347 or http://dx.doi.org/10.1146/annurev.resource.012809.104234

Niven Winchester (Contact Author)

University of Otago - School of Business ( email )

Dunedin
New Zealand
+64 (03) 479 8648 (Phone)
+64 (03) 479 8174 (Fax)

Sergey Paltsev

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

Jennifer F. Holak

Massachusetts Institute of Technology (MIT) - Joint Program on the Science and Policy of Global Change ( email )

E19-429
77 Massachusetts Ave
Cambridge, MA 02139
United States

John M. Reilly

Massachusetts Institute of Technology (MIT) - Joint Program on the Science and Policy of Global Change ( email )

E19-429
77 Massachusetts Ave
Cambridge, MA 02139
United States
617-253-8040 (Phone)

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