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Carbon Pricing in a Complex Adaptive System.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Carbon Pricing in a Complex Adaptive System./
Author:	Hughes, Merritt Randall.
Description:	1 online resource (284 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-10(E), Section: B.
Contained By:	Dissertation Abstracts International79-10B(E).
Subject:	Alternative Energy. -
Online resource:	click for full text (PQDT)
ISBN:	9780438003989

Carbon Pricing in a Complex Adaptive System.
Hughes, Merritt Randall.

Carbon Pricing in a Complex Adaptive System. - 1 online resource (284 pages)

Source: Dissertation Abstracts International, Volume: 79-10(E), Section: B.

Thesis (Ph.D.)--University of Massachusetts Boston, 2018.

Includes bibliographical references

This dissertation investigates the extent to which cap and trade, a policy program designed to increase emission efficiency, might also shift long-run investment in California wholesale electricity generation toward low/zero emissions technology, such as wind, solar and battery storage. The program allows individual firms to buy and sell emission permits while the emission allowance for the industry as a whole is tightened little by little. Whether this path of little nudges will lead the industry to engage in large-scale technological change is not clear. At this point in time, wholesale electricity is at a crossroads, where technology has evolved to provide a number of different potential infrastructural configurations in terms of who demands and supplies electric power, with what resource use and technological base. Cap and trade may influence the wholesale electricity sector in multiple ways depending on the context in which it is implemented. I examine the issue with several methodologies commonly used to analyze complex systems: relational analysis, agent based modeling, and system dynamics. Parallel to the policy analysis, there is a methodological investigation of how best, or how better, to conceptually capture the most important aspects of the context and the dynamic interaction between greenhouse gas permit trading and the technological mix of long-run investment. A series of simulation models are used to investigate the effect of cap and trade under different policy and technological assumptions. Each method creates a different lens, providing contrasting visions and different insights. I find that cap and trade directly affects the long-run investment trajectory probably only weakly, at best. However, it may be possible to accelerate technological transition by modifying the program so that revenues gleaned from permit sales are used to subsidize electricity storage.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780438003989Subjects--Topical Terms:

845381
Alternative Energy.
Index Terms--Genre/Form:

554714
Electronic books.

Carbon Pricing in a Complex Adaptive System.
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500 $a Source: Dissertation Abstracts International, Volume: 79-10(E), Section: B.
500 $a Adviser: Christopher Zurn.
502 $a Thesis (Ph.D.)--University of Massachusetts Boston, 2018.
504 $a Includes bibliographical references
520 $a This dissertation investigates the extent to which cap and trade, a policy program designed to increase emission efficiency, might also shift long-run investment in California wholesale electricity generation toward low/zero emissions technology, such as wind, solar and battery storage. The program allows individual firms to buy and sell emission permits while the emission allowance for the industry as a whole is tightened little by little. Whether this path of little nudges will lead the industry to engage in large-scale technological change is not clear. At this point in time, wholesale electricity is at a crossroads, where technology has evolved to provide a number of different potential infrastructural configurations in terms of who demands and supplies electric power, with what resource use and technological base. Cap and trade may influence the wholesale electricity sector in multiple ways depending on the context in which it is implemented. I examine the issue with several methodologies commonly used to analyze complex systems: relational analysis, agent based modeling, and system dynamics. Parallel to the policy analysis, there is a methodological investigation of how best, or how better, to conceptually capture the most important aspects of the context and the dynamic interaction between greenhouse gas permit trading and the technological mix of long-run investment. A series of simulation models are used to investigate the effect of cap and trade under different policy and technological assumptions. Each method creates a different lens, providing contrasting visions and different insights. I find that cap and trade directly affects the long-run investment trajectory probably only weakly, at best. However, it may be possible to accelerate technological transition by modifying the program so that revenues gleaned from permit sales are used to subsidize electricity storage.
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538 $a Mode of access: World Wide Web
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650 4 $a Systems science. $3 1148479
650 4 $a Climate change. $2 bicssc $3 1009004
655 7 $a Electronic books. $2 local $3 554714
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