We show that after a simple normalization of explanatory variables so that they equal zero at some desired reference point, marginal effects for continuous variables in probit and logit models simplify dramatically, becoming a function of only the estimated constant term. We present similar...

Carbon capture and storage (CCS) technologies remove carbon dioxide from flue gases for storage in geologic formations or the ocean. We find that CCS is technically feasible and economically attractive within the range of carbon policies discussed domestically and internationally. Current costs...

The international discussion about global climate change now revolves around what the necessary set of policies and technologies will be needed to realize reduction goals. Stabilizing atmospheric carbon dioxide (CO2) concentrations at 450 to 550 parts per million will require policy changes...

Climate change policy is likely on the horizon in the United States. A cap and trade program for CO2 will result in increased expenses for major emitting firms throughout the economy. Since the electric power sector emits 41% of the nations CO2 emissions, such a policy will have a significant...

Within the United States, Renewable Portfolio Standard (RPS) programs have become a popular public policy initiative for states to enact in order to encourage the use of renewable resources for meeting state energy demand. As more states have adopted RPS programs, the design of these programs...

The ethanol industry has experienced explosive growth in the past several years due to concerns about oil dependence and climate change. However, sentiment has begun to shift against corn ethanol due to increasing food costs, dwindling profit margins and increased government expenditures...

Increased scientific certainty about anthropogenic climate change coupled with the Obama administration taking office has the United States poised to enact legislation to reduce greenhouse gas emissions. Studies have suggested that a combination of policy instruments will be more economically...