Debra L. Sachs, Director 
Alliance for Climate Action 
585 Pine Street 
Burlington, VT  05401 
802-865-7500 Fax 
802-658-8487 (Hm Office) 



From: Barbara Grimes [mailto:[log in to unmask]] 
Sent: Thursday, October 14, 2004 10:29 AM
To: Mary Sullivan; Debra Sachs
Subject: FYI


Technology Advances Pushed by Climate Change Policies


The Pew Center on Global Climate Change has found that technological
advances that can cut the cost of reducing greenhouse gases are an
offshoot of effective emission cap-and-trade plans, Energy Daily
reported today. "The study ... by Stanford University researcher
Lawrence Goulder, breaks new ground in research on the relationship
between government policies on climate change and the development of
technologies that facilitate the achievement of the policy goals," the
newsletter wrote. 

Wrote Energy Daily: "The study found that by stimulating new
technological advances, climate policies can reduce the costs of meeting
a given target for reductions in greenhouse gas emissions or
concentrations. At any given level of carbon-emission abatement, the
cost to gross domestic product is reduced from 10-15 percent through
[induced technological change (ITC)], Goulder said. In turn, the
presence of ITC justifies more extensive emissions reductions than
otherwise would be called for, the report said." 

Pew Center on Global Climate Change, "Induced Technological Change and
Climate Policy,"
.cfm> Oct. 2004; Energy Daily, Oct. 14.