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Do Pollution Markets Harm Low Income and Minority Communities? Ranking Emissions Distributions Generated by California's RECLAIM Program

Mansur, Erin T. - 2019

We compare the spatial distribution of emissions from Southern California's pollution-trading program with that of a …

Persistent link: https://www.econbiz.de/10012479617

Climatic Constraints on Aggregate Economic Output

Burke, Marshall - 2019

Efficient responses to climate change require accurate estimates of both aggregate damages and where and to whom they occur. While specific case studies and simulations have suggested that climate change disproportionately affects the poor, large-scale direct evidence of the magnitude and...

Persistent link: https://www.econbiz.de/10012479729

Output and Attribute-Based Carbon Regulation Under Uncertainty

Kellogg, Ryan - 2019

Output-based carbon regulations--such as fuel economy standards and the rate-based standards in the Clean Power Plan--create well-known incentives to inefficiently increase output. Similar distortions are created by attribute-based regulations. This paper demonstrates that, despite these...

Persistent link: https://www.econbiz.de/10012480118

Do Environmental Markets Cause Environmental Injustice? Evidence from California’s Carbon Market

Hernandez-Cortes, Danae - 2020

growing distributional concern that market forces could increase the pollution exposure gap between disadvantaged and other … communities by spatially reallocating pollution. We estimate how this "environmental justice gap" changed following the 2013 … critiques. Embedding a pollution transport model within a program evaluation framework, we find that while the EJ gap was …

Persistent link: https://www.econbiz.de/10012481788

Pareto-Improving Carbon-Risk Taxation

Kotlikoff, Laurence J. - 2020

Anthropogenic climate change produces two conceptually distinct negative economic externalities. The first is an expected path of climate damage. The second, which is this paper's focus, is an expected path of economic risk. To isolate the climate-risk problem, we consider mean-zero, symmetric...

Persistent link: https://www.econbiz.de/10012481877

What Are the Costs of Meeting Distributional Objectives for Climate Policy?

Parry, Ian W.H. - 2010

This paper develops an analytical model to quantify the costs and distributional effects of various fiscal options for allocating the (large) rents created under prospective cap-and-trade programs to reduce domestic, energy-related CO2 emissions. The trade-off between cost effectiveness and...

Persistent link: https://www.econbiz.de/10012462171

Taxes, Permits, and Climate Change

Kaplow, Louis - 2010

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...

Persistent link: https://www.econbiz.de/10012462388

GHG Targets as Insurance Against Catastrophic Climate Damages

Weitzman, Martin L. - 2010

A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional...

Persistent link: https://www.econbiz.de/10012462520

Optimal Emission Pricing in the Presence of International Spillovers : Decomposing Leakage and Terms-of-Trade Motives

Böhringer, Christoph - 2010

Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...

Persistent link: https://www.econbiz.de/10012462752

Explaining the Price of Voluntary Carbon Offsets

Conte, Marc N. - 2009

This paper investigates factors that explain the large variability in the price of voluntary carbon offsets. We estimate hedonic price functions using a variety of provider- and project-level characteristics as explanatory variables. We find that providers located in Europe sell offsets at...

Persistent link: https://www.econbiz.de/10012463356