reductions in California to be offset by emission increases in neighboring regions that supply electricity to the state. The …The regulation of greenhouse gas emissions from the electricity sector within a cap-and-trade system poses significant … efficiency consequences. This research uses simulation modeling for the electricity sector to examine different approaches to …

Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit … of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for … electricity, intermittency of renewables, and intertemporal optimization of storage. We derive several theoretical possibilities …