Abstract
This paper is an introduction to, "The EMF 32 Study on U.S. Carbon Tax Scenarios," part of the Stanford Energy Modeling Forum (EMF) Model Inter-comparison Project (MIP) number 32. Eleven modeling teams participated in this study examining the economic and environmental impacts of various carbon tax trajectories and differing uses of carbon tax revenues. This special issue of Climate Change Economics documents the results of this study with four crosscutting papers that summarize results across models, and ten papers from individual modeling teams.
Highlights
TO THE Energy Modeling Forum (EMF) 32 STUDY ON U.S CARBON TAX SCENARIOSALLEN A
EMF 32 started in October 2014 as a follow up to the EMF 24 “Study on U.S Technology and Climate Policy Strategies,” that explored a range of U.S climate policy architectures under a variety of technology assumptions
The policies examined in EMF 24 included a range of cap-and-trade scenarios with varying stringencies; isolated and combined sectoral policies such as corporate average fuel economy standards (CAFE), renewable portfolio standards (RPS), clean energy standards (CES); and a scenario combining a cap-and-trade policy with electricity and transportation sector sectoral policies
Summary
TO THE EMF 32 STUDY ON U.S CARBON TAX SCENARIOSALLEN A. This special issue of Climate Change Economics documents the “EMF 32 Study on U.S Carbon Tax Scenarios.” The “EMF 32 Study on Technology and Climate Policy Strategies for Greenhouse Gas Reductions in the U.S Electric Power Sector,” will appear in a forthcoming special issue of Energy Economics.14
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