Today, Energy Innovation updated the United States Energy Policy Simulator (EPS), our open-source, peer-reviewed, and nonpartisan model that estimates the environmental, economic, and health impacts of hundreds of climate and energy policies.
Version 3.3.1 adds several new features to the previously released 3.3 model platform. For example, the model now accounts for vehicle insurance, parking, licensing and registration costs, and tracks changes in the amount of money paid for passenger transport fares. It also includes several new graphs showing total energy use by sector and greater flexibility in settings for power plant and fuel subsidies and taxes.
The abatement cost curves above demonstrate the improved accuracy of the transportation mode shifting costs in this example policy package (left-most box).
The latest launch also includes several data improvements such as updating the U.S. business-as-usual (BAU) trajectory to reflect the American Innovation and Manufacturing Act, which will phase down the production and consumption of hydrofluorocarbons, and to update BAU carbon capture and sequestration deployment. The new features are available online now, and a full list of updates is available on our Version History page. If you would like to introduce any friends or colleagues to the EPS, the EPS Video Series provides the best possible introduction to the tool. They can also jump right in and begin playing with the simulator in its web interface.
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