Price-responsive supply can enhance the performance of real-world regulatory environments through an automatic adjustment mechanism that responds instantaneously to new information about abatement costs.
Price floors are a common form of policy intervention to bolster prices. In introductory economics textbooks, minimum wages
in labor markets and price supports in grain markets are often the most common examples. In either case, it is argued, (1) a floor
UVA Team partners with Lenowisco and Southside planning district commissions (PDCs) to assist with flood mitigation and planning efforts.
Significant funds are now available to support regions and localities across Virginia in reducing the impacts of flooding.
This paper explores potential strategies for achieving least-cost decarbonization by 2045, using Resources for the Future's electricity planning model.
This paper is a review of some current issues in the field of environmental federalism.
The Role of Direct Air Capture and Negative Emissions Technologies in the Shared Socioeconomic Pathway
We use the Global Change Analysis Model (GCAM) to understand the role of DACCS across all 5 SSPs for the below 2˚C and below 1.5˚C end-of-century warming goals. We assess DACCS deployment relative to other carbon capture methods, and its side effects for global energy, water, land systems.
Scenarios for meeting ambitious climate targets rely on large-scale deployment of negative emissions technologies (NETs), including direct air capture (DAC). However, the tradeoffs between food, water and energy created by deploying different NETs are unclear.
In this opinion piece, Bill Shobe, director of the UVA Energy Transition Initiative, explains that "we can use renewables, energy storage and improved efficiency to reenergize Virginia's economy as we help reduce the harmful effects of global warming."