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Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions

Borenstein, Severin; Kellogg, Ryan - National Bureau of Economic Research - 2022

We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market outcomes under similar expansions of clean electricity...

Persistent link: https://www.econbiz.de/10013334480

Rate-Based Emissions Trading with Overlapping Policies : Insights from Theory and an Application to China

Fischer, Carolyn; Qu, Chenfei; Goulder, Lawrence H. - National Bureau of Economic Research - 2024

Jurisdictions employing emissions trading systems (ETSs) to control emissions often utilize other environmental or energy policies as well, including policies to support renewable energy and reduce energy consumption. Interactions with these other policies lead to different outcomes from what...

Persistent link: https://www.econbiz.de/10015145154

The Effect of Fuel Economy Standards on Vehicle Weight Dispersion and Accident Fatalities

Bento, Antonio - 2017

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

Are Fuel Economy Standards Regressive?

Davis, Lucas W. - 2016

Despite widespread agreement that a carbon tax would be more efficient, many countries use fuel economy standards to reduce transportation-related carbon dioxide emissions. We pair a simple model of the automakers' profit maximization problem with unusually-rich nationally representative data on...

Persistent link: https://www.econbiz.de/10012455755

China's Nationwide CO2 Emissions Trading System : A General Equilibrium Assessment

Goulder, Lawrence H.; Long, Xianling; Qu, Chenfei; Zhang, Da - National Bureau of Economic Research - 2023

China's recently launched CO2 emissions trading system, already the world's largest, aims to contribute importantly toward global reductions in greenhouse gas emissions. The system, a tradable performance standard (TPS), differs importantly from cap and trade (C&T), the principal emissions...

Persistent link: https://www.econbiz.de/10014421235

Externalities of Policy-Induced Scrappage : The Case of Automotive Regulations

Forsythe, Connor R.; Jha, Akshaya; Michalek, Jeremy J.; … - National Bureau of Economic Research - 2022

Many transportation policies indirectly affect vehicle travel and resulting externalities by inducing changes in vehicle scrappage rates. We leverage the staggered removal of state-level safety inspection programs across the United States within an instrumental variables (IV) framework to...

Persistent link: https://www.econbiz.de/10013435108

The Ethics of Pollution Pricing

Heutel, Garth; Kelleher, J. Paul - National Bureau of Economic Research - 2024

We survey various ethical issues related to the use of pollution pricing. While pollution pricing, for example in the … ethical assumptions lie behind those models, and many ethical objections to pollution pricing are disregarded. We hope this …

Persistent link: https://www.econbiz.de/10015171701

The Welfare Implications of Carbon Price Certainty

Aldy, Joseph E.; Armitage, Sarah C. - National Bureau of Economic Research - 2022

Experiences in real-world pollution markets suggest that firms make persistent errors in forecasting allowance and … means that pollution markets may fail to deliver cost-effective abatement. This contrasts with price-based policies under …

Persistent link: https://www.econbiz.de/10013210071

Firm Presence, Pollution, and Agglomeration : Evidence from a Randomized Environmental Place-Based Policy

Gechter, Michael; Kala, Namrata - National Bureau of Economic Research - 2025

industrial pollution by 8% for the average neighborhood. However, industrial relocation is costly for firms, significantly …

Persistent link: https://www.econbiz.de/10015398159

Does the Squeaky Wheel Get More Grease? The Direct and Indirect Effects of Citizen Participation on Environmental Governance in China

Buntaine, Mark T.; Greenstone, Michael; He, Guojun; … - National Bureau of Economic Research - 2022

public or private citizen appeals treatments when they violate pollution standards. There are three main findings. First …, public appeals to the regulator through social media substantially reduce violations and pollution emissions, while private … appeals increases regulatory effort, suggesting visibility as an important mechanism. Third, treatment pollution reductions …

Persistent link: https://www.econbiz.de/10013435101