Technology and Greenhouse Gas Emissions: An IntegratedScenario Analysis

Abstract

This report describes an analysis of possible technology-based scenarios for the U.S. energy system that would result in both carbon savings and net economic benefits. We use a modified version of the Energy Information Administration's National Energy Modeling System (LBNL-NEMS) to assess the potential energy, carbon, and bill savings from a portfolio of carbon saving options. This analysis is based on technology resource potentials estimated in previous bottom-up studies, but it uses the integrated LBNL-NEMS framework to assess interactions and synergies among these options. The analysis in this paper builds on previous estimates of possible "technology paths" to investigate four major components of an aggressive greenhouse gas reduction strategy: (1) the large scale implementation of demand-side efficiency, comparable in scale to that presented in two recent policy studies on this topic; (2) a variety of "alternative" electricity supply-side options, including biomass cofiring, extension of the renewable production tax credit for wind, increased industrial cogeneration, and hydropower refurbishment. (3) the economic retirement of older and less efficient existing fossil-find power plants; and (4) a permit charge of $23 per metric ton of carbon (1996 $/t),l assuming that carbon trading is implemented in the US, and that the carbon permit charge equilibratesmore » at this level. This level of carbon permit charge, as discussed later in the report, is in the likely range for the Clinton Administration's position on this topic.« less

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