Understanding the Challenges of Modeling AB 32 Policy

A summary of the review of the AB 32 Scoping Plan we conducted in 2008 for EDF.

Environmental & Energy Valuation News

The Aspen Environmental Group, M.Cubed for Environmental Defense / by Richard J. McCann
http://www.edf.org/documents/8902_AB32%20EconModeling%20M3%20final.pdf (full report)
http://www.edf.org/documents/8901_AB32%20AspenEnv%20Modeling%20PolicySum.pdf (summary)

[From press release] A new study released today concludes that state-of-the-science economic models, including those used for the California Air Resources Board’s economic analyses of California’s Global Warming Solutions Act (AB 32), are not capable of simulating the fundamental changes in California’s economy that AB 32 measures are likely to cause. While critics of ARB claim that costs might be underestimated, this new study shows that many benefits also are not represented by models and more modeling isn’t as useful as consideration of lessons from prior policies and economics literature.

The study is timely because CARB will vote on the Proposed Scoping Plan to implement the Global Warming Solutions Act of 2006 (AB 32) on December 11, less than a week away.

In the new study, Dr. McCann reveals that current techniques…

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1 thought on “Understanding the Challenges of Modeling AB 32 Policy

  1. anyamccann

    got via email

    On Wed, Aug 20, 2014 at 1:50 PM, M.Cubed: Outside the Box wrote:

    > mcubedecon posted: “A summary of the review of the AB 32 Scoping Plan > we conducted in 2008.”



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