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dc.contributor.authorBrown, Marilyn A.en_US
dc.contributor.authorBaer, Paulen_US
dc.contributor.authorCox, Matthewen_US
dc.contributor.authorKim, Yeong Jaeen_US
dc.date.accessioned2012-02-28T19:30:18Z
dc.date.available2012-02-28T19:30:18Z
dc.date.issued2012-01
dc.identifier.urihttp://hdl.handle.net/1853/42962
dc.description.abstractNumerous studies have shown the potential for U.S. manufacturing to cut its energy costs by installing more efficient equipment that offer competitive payback periods, but the realization of this potential is hindered by numerous obstacles. This paper evaluates seven federal policy options aimed at revitalizing U.S. manufacturing by improving its energy economics while also achieving environmental and energy reliability goals. Traditionally, policy analysts have examined the cost-effectiveness of energy policies using deterministic assumptions. When risk factors are introduced, they are typically examined using sensitivity analysis to focused on alternative assumptions about budgets, policy design, energy prices, and other such variables. In this paper we also explicitly model the stochastic nature of several key risk factors including future energy prices, damages from climate change, and the cost of criteria pollutants. Using these two approaches, each policy is “stress tested” to evaluate the likely range of private and social returns on investment. Overall we conclude that the societal cost-effectiveness of policies is generally more sensitive to alternative assumptions about damages from criteria pollutants and climate change compared with energy prices; however, risks also vary across policies based partly on the technologies they target.en_US
dc.language.isoen_USen_US
dc.publisherGeorgia Institute of Technologyen_US
dc.relation.ispartofseriesSchool of Public Policy Working Papers ; 68en_US
dc.subjectIndustrial energy efficiencyen_US
dc.subjectEnergy policyen_US
dc.subjectRisk analysisen_US
dc.subjectMonte Carlo simulationen_US
dc.titleEvaluating the Risks of Alternative Energy Policies: A Case Study of Industrial Energyen_US
dc.typeWorking Paperen_US
dc.contributor.corporatenameGeorgia Institute of Technology. School of Public Policyen_US


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