Iowa NSF EPSCoR Energy Policy Seminar Series

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Date/Time:Monday, 05 May 2014 from 3:40 pm to 5:00 pm
Location:1344 Howe Hall
Channel:Bioeconomy Institute
Categories:Lectures Live Green
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"Quantifying Intensive and Extensive Margin Adaptation Responses to Climate Change: A Study of California's Residential Electricity Consumption," Maximilian Auffhammer, University of California, Berkeley.

Increased demand for cooling and decreased demand for heating in the built environment is one of the main anticipated modes of adaptation to higher temperatures due to climate change. California's residential sector uses relatively little electricity for heating. It is therefore expected that the demand for electricity will increase at the intensive margin as households operate existing air conditioners more frequently. Further, in many regions there will be an additional extensive margin adjustment as households will install air conditioners where there currently are few. Using the majority of California's residential electricity bills this paper provides reduced form estimates of the projected consumption impacts from the intensive and extensive margins separately using a two-stage method. It shows that accounting for capital investment lead to significantly higher projections of electricity consumption.

Maximilian Auffhammer is an Associate Professor with a joint appointment in International Area Studies and Agricultural and Resource Economics. He received his Ph.D. in Economics from the University of California at San Diego. His research agenda focuses on forecasting Greenhouse Gas Emissions as well as studying the impacts of air pollution on agriculture. Geographically he is mainly interested in China and India as well as his chosen home - California.

In the International Area Studies program he teaches Intermediate Microeconomic Theory (without calculus!) and the Economics of Climate Change. In addition, he teaches a Ph.D. level course in econometrics. He received a Distinguished Teaching Award in 2009.