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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 feasibility of phasing down U.S. coal-generated electricity given the …

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

Policy Uncertainty in the Market for Coal Electricity : The Case of Air Toxics Standards

Gowrisankaran, Gautam; Langer, Ashley; Zhang, Wendan - National Bureau of Economic Research - 2022

the Mercury and Air Toxics Standard, estimating a dynamic oligopoly model of technology adoption and exit for coal …

Persistent link: https://www.econbiz.de/10013334514

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

Five Myths About Carbon Pricing

Metcalf, Gilbert E. - National Bureau of Economic Research - 2023

While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy makers and the public. In this paper I consider and refute five myths about carbon taxes: 1) that a carbon price will hurt economic...

Persistent link: https://www.econbiz.de/10014250122

Carbon Emissions Trading and Environmental Protection : International Evidence

Bai, Jennie; Ru, Hong - National Bureau of Economic Research - 2022

, ETSs reduced overall emissions by cutting fossil fuel usage, such as coal, by 23.70% while boosting the usage of renewable …

Persistent link: https://www.econbiz.de/10013435149

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

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 toward global reductions in greenhouse gas emissions. The system, a tradable performance standard (TPS), differs importantly from cap and trade (C&T), the principal emissions...

Persistent link: https://www.econbiz.de/10014421235

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

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

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

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