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," Oct. 2004; Energy Daily, Oct. 14.