• Media type: E-Book
  • Title: The Electric Ceiling : Limits and Costs of Full Electrification
  • Contributor: Rapson, David S. [Author]; Bushnell, James B. [Author]
  • Corporation: National Bureau of Economic Research
  • Published: Cambridge, Mass: National Bureau of Economic Research, October 2022
  • Published in: NBER working paper series ; no. w30593
  • Extent: 1 Online-Ressource; illustrations (black and white)
  • Language: English
  • Keywords: Elektrizitätspolitik ; Treibhausgas-Emissionen ; Legal Monopolies and Regulation or Deregulation ; General ; Arbeitspapier ; Graue Literatur
  • Reproduction note: Hardcopy version available to institutional subscribers
  • Origination:
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  • Description: Electrification is a centerpiece of global decarbonization efforts. Yet there are reasons to be skeptical of the inevitability, or at least the optimal pace, of the transition. We discuss several under-appreciated costs of full, or even deep, electrification. Consumer preferences can operate in favor of and in opposition to electrification goals; and electrification is likely to encounter physical and economic obstacles when it reaches some as-yet-unknown level. While we readily acknowledge the external benefits of decarbonization, we also explore several under-appreciated external costs. The credibility and eventual success of decarbonization efforts is enhanced by foreseeing and ideally avoiding predictable but non-obvious costs of promising abatement pathways. Thus, even with all of its promise, the degree of electrification may ultimately reach a limit
  • Access State: Open Access