Energy Tradeoffs Podcast #10 – David Adelman
For this week’s EnergyTradeoffs.com podcast interview, we have Josh Rhodes interviewing David Adelman, his colleague at the University of Texas, about David’s research on “Modeling the Evolution of a Greener Grid.”
David’s research compares renewable portfolio standards, which are the most commonly used instrument for encouraging renewable power, with carbon pricing, which could be implemented through a cap-and-trade system or a tax. David concludes that carbon pricing is “dramatically more effective at reducing carbon emissions and increasing the percentage of renewables than a renewable portfolio standard.” And he explains why even a modest carbon tax could be better for the climate than a relatively aggressive renewable portfolio standard. At the same time, David acknowledges that renewable portfolio standards may, in some cases, help surmount non-market barriers to renewable power.
The interview principally draws from a 2018 article that David wrote with with David Spence titled “U.S. climate policy and the regional economics of electricity generation.”
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