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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
, 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
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
Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since then, induce substantial but predictable income fluctuations. The relative magnitude of the payments combined with the delay between payments yields a stronger test of the...
Persistent link: https://www.econbiz.de/10012462314
If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition's equilibrium policy distorts trade and is not time-consistent. This paper derives conditions for when...
Persistent link: https://www.econbiz.de/10012462537
coal smoke, arguing that before 1890 Londoners burned excessive amounts of soft coal, while in the years following, a … series of legal, demographic, and technological changes mitigated the production of coal smoke. This paper asks two questions … changes in the production of coal smoke, or were they the result of some broader meteorological phenomenon. The evidence we …
Persistent link: https://www.econbiz.de/10012462983
In recent years, the share of U.S electricity generated by coal has fallen from nearly 50% to 33%. The costs of this … transition are spatially concentrated, and mining states have already lost income due to the reduced demand for coal. Coal states … states and counties with substantial mining activity are more likely to be coal fired and to purchase more within political …
Persistent link: https://www.econbiz.de/10012455491
approach to data from British cities for 1851-1911. I show that local industrial coal use substantially reduced long-run city … employment growth over this period. Moreover, a counterfactual analysis suggests that plausible improvements in coal use …
Persistent link: https://www.econbiz.de/10012455759
There has been a widespread displacement of coal by natural gas as space heating and cooking technology in Turkey in …
Persistent link: https://www.econbiz.de/10012456157