RDCEP

Center for Robust Decision Making on Climate and Energy Policy

Tools

 

Renewable Portfolio Standards (RPSs) legislation requires that U.S. electricity generation by non-hydro renewables more than double by 2025. These goals are not certain to be met, however, because many RPSs apply cost caps that alter requirements if costs exceed targets.

 

In 2008 Illinois enacted a RPS, which at current electricity prices, will require significant decreases in renewables costs in order to complete implementation, even given the continuation of federal renewables subsidies.

 

 

DICE is the most commonly used integrated assessment model for studying the economics of climate change. It has been used in numerous publications and by the federal government to compute the social cost of carbon. webDICE will provide a web-based implementation of DICE allowing anyone to run the model. The goal is to allow citizens and policymakers to better understand the implications of choices they make about emissions.

 

Researchers Involved:

  • Martha Ferris
  • Buz Brock
  • Ken Judd

We are working to to construct visualization tools for economic models.  Hosted on the NEOS Server.

Example implements include: