This was part of 
            The Architecture of Green Energy Systems: Next Steps
          
        
            
      Green Power Procurement for Real Emissions Reductions: Accounting and Modelling in Complex Policy and Market Settings
                  
            Ben Hobbs, Johns Hopkins University
            
              Monday, August 19, 2024
            
          
              
    Abstract:  Multiple market failures along with policies at federal and state levels make it difficult to predict the net systems and emissions cost impact, in both the short- and long-run, of corporate and government green power procurement strategies. I define a suite of research questions that need to be addressed to understand whether such strategies are efficient means to reduce emissions, ineffectual, or even counter productive. Market models are proposed, based on equilibrium and Stackelberg formulations based on optimization and complementarity methods, to address those questions.