The role of energy efficiency spending in Maryland's implementation of the Regional Greenhouse Gas Initiative

TY - JOUR

T1 - The role of energy efficiency spending in Maryland's implementation of the Regional Greenhouse Gas Initiative

AU - Paul, Anthony

AU - Palmer, Karen

AU - Ruth, Matthias

AU - Hobbs, Benjamin F.

AU - Irani, Daraius

AU - Michael, Jeffrey

AU - Chen, Yihsu

AU - Ross, Kimberly

AU - Myers, Erica

PY - 2010/11

Y1 - 2010/11

N2 - What are the economic consequences of increased state spending on electricity consumption efficiency? The State of Maryland faces this question in deciding how much of its CO2 allowances auction proceeds (under the Regional Greenhouse Gas Initiative) to devote to such programs. Starting at a base of 25% of the proceeds, we consider the energy savings, emissions reductions, employment, and other impacts of increasing that percentage to 50% and 100%. A series of models - Haiku, JHU-OUTEC, and IMPLAN - are used for the analysis. We conclude that increasing the state's expenditures on energy efficiency programs would result in a decline in electricity consumption in the state and a corresponding decline in expenditures on electricity. Program implementation would lead to net positive growth in statewide economic activity and include growth in both jobs and wages.

AB - What are the economic consequences of increased state spending on electricity consumption efficiency? The State of Maryland faces this question in deciding how much of its CO2 allowances auction proceeds (under the Regional Greenhouse Gas Initiative) to devote to such programs. Starting at a base of 25% of the proceeds, we consider the energy savings, emissions reductions, employment, and other impacts of increasing that percentage to 50% and 100%. A series of models - Haiku, JHU-OUTEC, and IMPLAN - are used for the analysis. We conclude that increasing the state's expenditures on energy efficiency programs would result in a decline in electricity consumption in the state and a corresponding decline in expenditures on electricity. Program implementation would lead to net positive growth in statewide economic activity and include growth in both jobs and wages.

KW - Climate policy

KW - Electricity demand\

KW - Energy efficiency

UR - http://www.scopus.com/inward/record.url?scp=77957812819&partnerID=8YFLogxK

U2 - 10.1016/j.enpol.2010.06.055

DO - 10.1016/j.enpol.2010.06.055

M3 - Article

AN - SCOPUS:77957812819

VL - 38

SP - 6820

EP - 6829

JO - Energy policy

JF - Energy policy

SN - 0301-4215

IS - 11

ER -