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On the Feasibility, Costs, and Benefits of an Immediate Phasedown of Coal for U.S. Electricity Generation

Holland, Stephen P.; Kotchen, Matthew J.; Mansur, Erin; … - National Bureau of Economic Research - 2024

The phasedown of coal for electricity generation is considered vital to meeting global climate targets. Many countries have pledged to stop using coal, with some as early as 2030. While the United States has no target currently in place, several states do. In this paper, we examine the...

Persistent link: https://www.econbiz.de/10014512089

The Cost of Climate Policy to Capital : Evidence from Renewable Portfolio Standards

Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2023

Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables. RPS increases the renewables capacity, bond issuance, maturity, and yield spreads of investor-owned utilities compared to municipal producers that are...

Persistent link: https://www.econbiz.de/10014447281

The Economic Opportunity Cost of Green Recovery Plans

Fitzgerald, Timothy; Mulligan, Casey B. - National Bureau of Economic Research - 2023

Advocates in several countries have promoted a "green recovery" from the pandemic, with an emphasis on measures to address climate objectives. We evaluate proposals for the United States and find that as stated, ambitious plans to further cut emissions from transportation and electricity will...

Persistent link: https://www.econbiz.de/10014226153

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

Does Environmental Policy Uncertainty Hinder Investments Towards a Low-Carbon Economy?

Noailly, Joëlle; Nowzohour, Laura; Heuvel, Matthias van den - National Bureau of Economic Research - 2022

uncertainty (EnvPU) available on a monthly basis over the 1990-2019 period. We find that our EnvPU index spikes during the …-and-trade climate bill and during the Trump presidency. We examine how elevated levels of environmental policy uncertainty relate to … energy exchange-traded fund. Overall, our results are consistent with the notion that policy uncertainty has adverse effects …

Persistent link: https://www.econbiz.de/10013362015

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

Converting Brown Offices to Green Apartments

Gupta, Arpit; Martinez, Candy; Nieuwerburgh, Stijn van - National Bureau of Economic Research - 2023

The conversion of brown office buildings to green apartments can contribute towards a solution to three pressing issues: oversupply of office in a hybrid-and-remote-work world, shortage of housing, and excessive greenhouse gas emissions. We propose a set of criteria to identify commercial office...

Persistent link: https://www.econbiz.de/10014337764

Innovation Market Failures and the Design of New Climate Policy Instruments

Armitage, Sarah C.; Bakhtian, Noël; Jaffe, Adam B. - National Bureau of Economic Research - 2023

Moving beyond the combination of adoption subsidies, standards, and (albeit limited) attempts at carbon pricing that largely characterized U.S. climate policy over the last decade, recent climate-related legislation has transformed not only the scale of U.S. climate activities but also the...

Persistent link: https://www.econbiz.de/10014337854

To Go Electric or To Burn Coal? A Randomized Field Experiment of Informational Nudges

Fang, Hanming; Li, King King; Shen, Peiyao - National Bureau of Economic Research - 2023

Coal heating in residential homes is an important source of indoor air pollution, leading to detrimental health effects. We conduct a randomized field experiment in northern China using three types of SMS campaigns targeting three potential biases that may hinder the adoption of electric...

Persistent link: https://www.econbiz.de/10014436972

Optimal Subsidies for Green Hydrogen Production

Fell, Harrison; Holland, Stephen P.; Yates, Andrew J. - National Bureau of Economic Research - 2023

Green hydrogen may decarbonize sectors which are difficult to electrify, and the recent Inflation Reduction Act (IRA) provides tax credits to encourage hydrogen production. We analyze a model in which hydrogen produced using electricity replaces natural gas. The electricity may be procured from...

Persistent link: https://www.econbiz.de/10014437033

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