Energy Efficiency https://doi.org/10.1007/s12053-018-9686-9 ORIGINAL ARTICLE Carbon pricing and energy efficiency: pathways to deep decarbonization of the US electric sector Marilyn A. Brown & Yufei Li Received: 1 November 2017 /Accepted: 14 May 2018 Springer Science+Business Media B.V., part of Springer Nature 2018, corrected publication August/2018 Abstract Despite the commitment of the Paris agree- Introduction ment to pursue efforts to limit end-of-century global warming to 1.5°C above pre-industrial levels, few have In 2015, signatories to the Paris Agreement agreed to limit increases in the global average temperature to well studied mitigation pathways consistent with such a de- manding goal. This paper uses a fully integrated engineer- below 2 °C above temperatures preceding the industrial ing- economic model of the U.S. energy system, to ex- revolution. This historic accord is the culmination of plore the ability of the U.S. electricity sector to operate decades of climate negotiations aimed at preventing within a budget of 44 gigatons of CO2 (GtCO2) between dangerous anthropogenic interference with the climate 2016 and 2040 - almost 20 percent less than projected. system. In addition to the 2 °C warming threshold, the Our modeling results suggest that carbon taxes coupled Paris Agreement calls for Bpursuing efforts to
Energy Efficiency – Springer Journals
Published: May 31, 2018
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