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Carbon mitigation costs for the commercial building sector: Discrete-continuous choice analysis of multifuel energy demand

dc.contributor.author Newell, Richard G
dc.contributor.author Pizer, William Aaron
dc.date.accessioned 2013-04-23T18:37:15Z
dc.date.accessioned 2013-06-18T17:02:48Z
dc.date.issued 2008-12-01
dc.identifier.issn 0928-7655
dc.identifier.uri https://hdl.handle.net/10161/7456
dc.description.abstract We estimate a carbon mitigation cost curve for the U.S. commercial sector based on econometric estimation of the responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand conditional on fuel choice, which is characterized by a multinomial logit model. Separate estimation of end uses (e.g., heating, cooking) using the U.S. Commercial Buildings Energy Consumption Survey allows for exceptionally detailed estimation of price responsiveness disaggregated by end use and fuel type. We then construct aggregate long-run elasticities, by fuel type, through a series of simulations; own-price elasticities range from -0.9 for district heat services to -2.9 for fuel oil. The simulations form the basis of a marginal cost curve for carbon mitigation, which suggests that a price of $20 per ton of carbon would result in an 8% reduction in commercial carbon emissions, and a price of $100 per ton would result in a 28% reduction. © 2008 Elsevier B.V. All rights reserved.
dc.relation.ispartof Resource and Energy Economics
dc.relation.isversionof 10.1016/j.reseneeco.2008.09.004
dc.relation.replaces http://hdl.handle.net/10161/6756
dc.relation.replaces 10161/6756
dc.title Carbon mitigation costs for the commercial building sector: Discrete-continuous choice analysis of multifuel energy demand
dc.type Journal article
pubs.begin-page 527
pubs.end-page 539
pubs.issue 4
pubs.organisational-group Duke
pubs.organisational-group Duke Science & Society
pubs.organisational-group Economics
pubs.organisational-group Environmental Sciences and Policy
pubs.organisational-group Initiatives
pubs.organisational-group Institutes and Provost's Academic Units
pubs.organisational-group Nicholas School of the Environment
pubs.organisational-group Sanford School of Public Policy
pubs.organisational-group Trinity College of Arts & Sciences
pubs.publication-status Published
pubs.volume 30


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