Appendix IV: Annotated Policy Theme Table Key; = Most aggressive; less aggressive; = least aggressive; = neutral ‘++’ ‘+’=aggressive; ‘-’= ‘– –’ ‘0’ Policy Scenario 1: Scenario 2: Scenario 3: Scenario 4: Categories Focus on Focus on Focus on Short-Term Focus on Long-Term Consumer Costs Economic Growth Clean Energy Societal Costs Policy theme High need driven by Deep, binding GHG Slow growth leads to hard “Low-hanging fruit” reduction targets in choices about policy investment in clean, economic growth. response to international goals. domestic resources. treaty. Greenhouse gas 0 ++ + – policies No new GHG policies, but Strong new GHG policies No new GHG policies and GHG reduction targets, but continued use of GHG with aggressive reduction reduced concern about less aggressive and with adders targets GHGs in resource more than in Scenario “outs” planning relative to today 2 in resource planning Economic policies + + 0 0 policies may policies may Neutral policies with Neutral policies with respect “Pro-growth” “Pro-growth” lead to higher economic lead to higher economic respect to growth growth and electric loads growth and electric loads to growth Capital investment + + 0 0 support policies policies Neutral policies with Neutral policies with respect “Pro-investment” “Pro-investment” may lead to reduced cost may lead to reduced cost respect to investment to investment support and risk in and risk in support investments investments
Appendix IV: Annotated Policy Theme Table Key; ‘++’ = Most aggressive; ‘+’=aggressive; ‘-’= less aggressive; ‘– –’ = least aggressive; ‘0’ = neutral Policy Categories Scenario 1: Focus on Economic Growth Scenario 2: Focus on Clean Energy Scenario 3: Focus on Short-Term Consumer Costs Scenario 4: Focus on Long-Term Societal Costs Policy theme High need driven by economic growth. Deep, binding GHG reduction targets in response to international treaty. Slow growth leads to hard choices about policy goals. “Low-hanging fruit” investment in clean, domestic resources. Greenhouse gas policies 0 No new GHG policies, but continued use of GHG adders in resource planning ++ Strong new GHG policies with aggressive reduction targets – No new GHG policies and reduced concern about GHGs in resource planning relative to today + GHG reduction targets, but less aggressive and with more “outs” than in Scenario 2 Economic policies + “Pro-growth” policies may lead to higher economic growth and electric loads + “Pro-growth” policies may lead to higher economic growth and electric loads 0 Neutral policies with respect to growth 0 Neutral policies with respect to growth Capital investment support + “Pro-investment” policies may lead to reduced cost and risk in investments + “Pro-investment” policies may lead to reduced cost and risk in investments 0 Neutral policies with respect to investment support 0 Neutral policies with respect to investment support
WECC_Scenarios.docx