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Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity … consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the … as a high-dimensional aggregation problem: The effect of electricity consumption on emissions can be estimated precisely …
Persistent link: https://www.econbiz.de/10014468265
electricity standard in the power sector. Second, net fiscal costs can be substantially reduced in scenarios that include a carbon ….S. target of a 50-52% economy-wide emissions reduction by 2030 from 2005 levels, the carbon fee and clean electricity standard …
Persistent link: https://www.econbiz.de/10014486259
We evaluate distributional and efficiency consequences of the bulk power clean electricity tax credits authorized by … the 2022 Inflation Reduction Act. To do so, we link detailed electricity capacity expansion, computable general … analyzed the bulk power tax credits lead to increased clean electricity technology deployment resulting in a reallocation of …
Persistent link: https://www.econbiz.de/10014337853
electricity prices …
Persistent link: https://www.econbiz.de/10014322732
Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity … transmission network. Additional transmission lines could better integrate markets, reducing the total cost of electricity … document the magnitude of static allocative inefficiencies induced by transmission congestion in two major U.S. electricity …
Persistent link: https://www.econbiz.de/10014468290
A tax on vehicle emissions can efficiently induce all of the cheapest forms of abatement. Consumers could drive less, buy a smaller car with better gas mileage, use cleaner gasoline, and repair pollution control equipment (PCE). However, the technology is not yet available to measure and tax...
Persistent link: https://www.econbiz.de/10012471742
We develop a spatial equilibrium model to evaluate the efficiency and distributional impacts of the leading air quality regulation in the United States: the National Ambient Air Quality Standards (NAAQS). We link our economic model to an integrated assessment model for air pollutants which...
Persistent link: https://www.econbiz.de/10013172144
Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...
Persistent link: https://www.econbiz.de/10012482725
In 2019, production on federal lands comprised 40% of domestic coal, 22% of domestic oil, and 12% of domestic natural gas production. Currently, the federal fossil fuel leasing program does not consider the climate costs of burning federal fossil fuels. One way to do so is through a climate...
Persistent link: https://www.econbiz.de/10012496117
The firm response to regulation is seldom as controversial as in the context of fuel economy standards, a dominant policy to reduce emissions from vehicles worldwide. It has long been argued that such standards lead to vehicle weight changes that increase accident fatalities. Using unconditional...
Persistent link: https://www.econbiz.de/10012455341