Josh Kaseff
Environmental Economics – Professor Tynan
Writing Assignment #3
Part 1) There have been several models designed by economists that are used to estimate
the benefits of reducing CO2 emissions and the costs of reducing said emissions. While
these models are all highly valued and respected, they all differ in their measure of net
benefit of reducing CO2 emissions for a number of reasons. To start, the models that are
used for measuring the cost-benefit of climate change policies range from bottom-up
engineering-economic models, which are more detail-oriented in terms of adoption and
energy technologies to computable general equilibrium models that have a more
