Integrated Assessment of Energy Technologies and Climate Impact

A major type of policy response to climate change is mitigating carbon emissions by putting an explicit or implicit price on carbon. While such policies have many attractive features and ought to be implemented as part of any climate protection regime, there are strong arguments for going beyond so-called "market based" instruments in attacking the climate change problem. One such argument is that even with a price on carbon, the private sector will systematically under invest in developing new low- or non-carbon emitting energy technologies from a societal point of view. This talk will briefly review the arguments for public support of advanced energy technology Research and Development (R&D) and then try to answer another set of challenges that emerge when it is decided to go beyond market forces by providing public support for energy technology R&D. In that case, the most fundamental questions to be addressed are how much to spend on R&D and what to spend it on.

John P. Weyant is Professor of Management Science and Engineering, a Senior Fellow in the Freeman Spogli Institute for International Studies, and Director of the Energy Modeling Forum (EMF) at Stanford University. Established in 1976, the EMF conducts model comparison studies on major energy/environmental policy issues by convening international working groups of leading experts on mathematical modeling and policy development. Prof. Weyant earned a BS/MS in Aeronautical Engineering and Astronautics, MS degrees in Engineering Management and in Operations Research and Statistics all from Rensselaer Polytechnic Institute, and a PhD in Management Science with minors in Economics, Operations Research, and Organization Theory from University of California at Berkeley. He also was also a National Science Foundation Post-Doctoral Fellow at Harvard's Kennedy School of Government. His current research focuses on analysis of global climate change policy options, energy technology assessment, and models for strategic planning.

Weyant has been a convening lead author or lead author for the Intergovernmental Panel on Climate Change for chapters on integrated assessment, greenhouse gas mitigation, integrated climate impacts, and sustainable development, and most recently served as a review editor for the climate change mitigation working group of the IPCC's assessment report number four. He has been active in the U.S. debate on climate change policy through the Department of State, the Department of Energy and the Environmental Protection Agency. In California, he is a member of the California Air Resources Board's Economic and Technology Advancement Advisory Committee (ETAAC) which is charged with making recommendations for implementing AB 32, The Global Warming Solutions Act of 2006.