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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/10012889502
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Optimal Emission Pricing in the Presence of International Spillovers : Decomposing Leakage and Terms-of-Trade Motives
Boehringer, 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/10013144964
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Regulation, Allocation, and Leakage in Cap-and-Trade Markets for CO2
Bushnell, James - 2014
The allocation of emissions allowances is among the most contentious elements of the design of cap-and-trade systems. In this paper we develop a detailed representation of the US western electricity market to assess the potential impacts of various allocation proposals. Several proposals involve...
Persistent link: https://www.econbiz.de/10013070602
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What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's Nox Trading Program
Fowlie, Meredith - 2014
, increased compliance flexibility can also result in an inequitable distribution of pollution. We investigate these issues in the …
Persistent link: https://www.econbiz.de/10013071084
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Linkage of Tradable Permit Systems in International Climate Policy Architecture
Jaffe, Judson L.; Stavins, Robert N. - 2021
Cap-and-trade systems have emerged as the preferred national and regional instrument for reducing emissions of greenhouse gases throughout the industrialized world, and the Clean Development Mechanism -- an international emission-reduction-credit system -- has developed a substantial...
Persistent link: https://www.econbiz.de/10013224419
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Do Environmental Markets Cause Environmental Injustice? Evidence from California's Carbon Market
Hernandez-Cortes, Danae; Meng, Kyle - 2022
concern that market-induced spatial reallocation of pollution could widen existing pollution concentration gaps between … of California's carbon market, the world's second largest and most subjected to EJ critiques. Embedding a pollution … returned these EJ gaps back to 2008 levels. We demonstrate that explicit modeling of pollution dispersal is critical for …
Persistent link: https://www.econbiz.de/10013322900
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Defensive Investments and the Demand for Air Quality : Evidence from the Nox Budget Program and Ozone Reductions
Deschenes, Olivier - 2014
Willingness to pay for air quality is a function of health and the costly defensive investments that contribute to health, but there is little research assessing the empirical importance of defensive investments. The setting for this paper is a large US emissions cap and trade market - the NOx...
Persistent link: https://www.econbiz.de/10013065730
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Carbon, Trade Policy, and Carbon Free Trade Areas
Dong, Yan; Whalley, John - 2021
This paper discusses both the potential contribution that trade policy initiatives can make towards the achievement of significant global carbon emissions reduction and the potential impacts of proposals now circulating for carbon reduction motivated geographical trade arrangements, including...
Persistent link: https://www.econbiz.de/10013224710
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When to Pollute, When to Abate? Intertemporal Permit Use in the Los Angeles Nox Market
Holland, Stephen P. - 2014
Intertemporal tradability allows an emissions market to reduce abatement costs. We study intertemporal trading of nitrogen oxides permits in the RECLAIM program in Southern California. A theoretical model captures the program's key intertemporal features: two overlapping permit cycles, two...
Persistent link: https://www.econbiz.de/10012751332
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Using Taxes to Meet an Emission Target
Harris, Robert; Pizer, Billy - 2022
polices to manage quantities under a pollution tax. Importantly, it can be difficult to know how to evaluate these policies …
Persistent link: https://www.econbiz.de/10014241674