what does REMI say? sm Tools for Evaluating Climate Change Policies with REMI PI+

what does REMI say? sm Overview Climate and Energy Policy Goals Methodology Simulation using PI+ Summary

what does REMI say? sm Reduce Greenhouse Gas Emissions National vs Regional Cap and Trade System Establishing Renewable Portfolio Standard Increase in Tax for Energy Producers or Fossil Fuel Producers Low Carbon Fuel Standard

what does REMI say? sm Climate Change and Energy Policies -Waxman-Markey (House Bill) -Cantwell-Collins Bill -Energy Bill -Power-Plant-Only Approach -EPA Regulation -Carbon Tax

what does REMI say? sm High-lows and Ranges Electricity price change – Price of permits (if any) or tax rate: energy price change – level or target of emissions reduction in target years Reinvestment – In businesses – Tax credits or fee bates for consumers – Other government spending – How much if any?

what does REMI say? sm Methodology Linking energy/environmental models with regional economic model – Choosing appropriate energy model outputs as inputs to PI+ – Energy model outputs: fuel price changes, technological advancement requirements PI+ Scenario – Increase in electricity prices – Feebates for energy efficient appliances

what does REMI say? sm Choosing Inputs Policy Variables (PVs) – Consumer Price: Electricity (amount) – Electricity Fuel Cost (Industrial, amount) – Electricity Fuel Cost (Commercial, amount) – Consumer Spending : Kitchen and other Household Appliances (Amount) – Consumer Reallocation (Amount)

what does REMI say? sm Model Structure

what does REMI say? sm [PI + DEMO]

what does REMI say? sm Final Considerations Diligence in input data collection matters Understanding the policy and particularly the policy on different regions Results depend on regional industrial mix and regional factors

what does REMI say? sm Contact Information