Meeting US Energy and Climate Challenges with Rational Policy

Severin Borenstein of UC Energy Institute spoke May 5, 2009 at MIT: Meeting US Energy and Climate Challenges with Rational Policy (video)

Borenstein talks about various aspects of energy policy, the difference between GHG tax and cap and trade (not so much because we’re going to have to tweak whichever method is chosen), renewable portfolios, etc.

Borenstein says the cost of GHG has to be pretty high to cause us to change sources. Think $60 – 100/ton CO2-equivalent. $100/ton adds about 5 cent/kWh (more in states that have coal power), 90 cent/gallon for gasoline.

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