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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 … structure and results from a multi-sector, multi-period equilibrium model tailored to evaluate China's TPS. The model … incorporates distinctive features of China's economy, including state-owned enterprises and electricity market regulation. It …
Persistent link: https://www.econbiz.de/10014421235
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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
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Decomposing Trends in U.S. Air Pollution Disparities from Electricity
Hernandez-Cortes, Danae; Meng, Kyle C.; Weber, Paige E. - National Bureau of Economic Research - 2022
-resolution pollution transport model. Between 2000-2018, PM2.5 concentrations from electricity fell by 89% for the average individual, more … air pollution policies and recent coal-to-natural gas fuel switching have played major roles in reducing U.S. racial …/ethnic pollution disparities from electricity. While we detect similarly large PM2.5 improvements for the average low and high income …
Persistent link: https://www.econbiz.de/10013334416
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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
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How Is the US Pricing Carbon? How Could We Price Carbon?
Aldy, Joseph E.; Burtraw, Dallas; Fischer, Carolyn; … - National Bureau of Economic Research - 2022
Economists have for decades recommended that carbon dioxide and other greenhouse gases be taxed--or otherwise priced--to provide incentives for their reduction. The United States does not have a federal carbon tax; however, many state and federal programs to reduce carbon emissions effectively...
Persistent link: https://www.econbiz.de/10013435107
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Carbon Emissions Trading and Environmental Protection : International Evidence
Bai, Jennie; Ru, Hong - National Bureau of Economic Research - 2022
We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...
Persistent link: https://www.econbiz.de/10013435149
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Carbon Border Adjustments, Climate Clubs, and Subsidy Races When Climate Policies Vary
Clausing, Kimberly A.; Wolfram, Catherine D. - National Bureau of Economic Research - 2023
Jurisdictions adopt heterogeneous climate policies that vary both in terms of ambition and in terms of policy approach, with some jurisdictions pricing carbon and others subsidizing clean production. We distinguish two types of policy spillovers associated with diverse policy approaches to...
Persistent link: https://www.econbiz.de/10014322698
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Stated Preference Estimates of the Average Social Cost of Carbon
Ashenfarb, Matthew; Kotchen, Matthew J. - National Bureau of Economic Research - 2024
This paper provides stated preference (SP) estimates of the average social cost of carbon (ASCC) for use in evaluation of the benefits and costs of climate policy. Based on a U.S. nationally representative survey, we find an average individual willingness-to-pay (WTP) of $1,116 per year to keep...
Persistent link: https://www.econbiz.de/10014468243
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The Unequal Economic Consequences of Carbon Pricing
Känzig, Diego R. - National Bureau of Economic Research - 2023
This paper studies the economic impacts of carbon pricing. Exploiting institutional features of the European carbon market and high-frequency data, I document that a tighter carbon pricing regime leads to higher energy prices, lower emissions and more green innovation. This comes at the cost of...
Persistent link: https://www.econbiz.de/10014287322
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Climate Policy and the Economy : Evidence from Europe's Carbon Pricing Initiatives
Känzig, Diego R.; Konradt, Maximilian - National Bureau of Economic Research - 2023
This paper investigates the impact of carbon pricing on the economy, with a focus on European carbon taxes and the carbon market. Our analysis reveals three key findings. First, while both policies have successfully reduced emissions, the economic costs of the European carbon market are larger...
Persistent link: https://www.econbiz.de/10014287360