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, switching to low- sulfur coal, or shifting output between generating plants with different emissions. The cost of achieving a …
Persistent link: https://www.econbiz.de/10012473314
This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States … plants substantially reduce the price paid for coal (but not gas), and tend to employ less capital-intensive sulfur abatement … more productive coal mines. I show how these results lend support to theories of asymmetric information, capital bias, and …
Persistent link: https://www.econbiz.de/10012458556
Using patent data from the United States, Japan, and Germany, this paper examines both the innovation and diffusion of air pollution control equipment. Whereas the United States was an early adopter of stringent sulfur dioxide (SO2) standards, both Japan and Germany introduced stringent nitrogen...
Persistent link: https://www.econbiz.de/10012468050
combines plant-level data on U.S. coal-fired electric power plants with patent data pertaining to NOx pollution control …
Persistent link: https://www.econbiz.de/10012466550
We conduct the first study on the impacts of prenatal exposure to a uniquely identified large polluter, a coal …
Persistent link: https://www.econbiz.de/10012456947
The introduction of the U.S. SO2 allowance-trading program to address the threat of acid rain as part of the Clean Air Act Amendments of 1990 is a landmark event in the history of environmental regulation. The program was a great success by almost all measures. This paper, which draws upon a...
Persistent link: https://www.econbiz.de/10012460813
advantage of coal-fired power plants. The shale revolution has resulted in unprecedented variation in natural gas prices that we …
Persistent link: https://www.econbiz.de/10012457871
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/10012464393
Title IV of the Clean Air Act Amendments of 1990 created a market for electric utility emissions of sulfur dioxide (SO2). Recent papers have argued that flaws in the design of the auctions that are part of this market have adversely affected its performance. These papers incorrectly assume that...
Persistent link: https://www.econbiz.de/10012473089
) environmental regulations. We compare the impacts of these regulations with the impact of changes in coal prices on establishment …-level pollution abatement, coal consumption, and productivity growth. We find that higher coal prices reduced coal use within … establishments, with price elasticities similar to those found in the US. In addition, higher coal prices are associated with lower …
Persistent link: https://www.econbiz.de/10012456908