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Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law and policy today. This is both because of the critical role that electricity plays in modern society, acting as economic lifeblood, and because of electricity's part in...
Persistent link: https://www.econbiz.de/10012955867
Policies to cap emissions of carbon dioxide (CO2) in the U.S. economy could pose significant costs on the electricity sector, which contributes roughly 40 percent of total CO2 emissions in the U.S. Using a detailed simulation model of the electricity sector, we evaluate alternative ways that...
Persistent link: https://www.econbiz.de/10012708463
Despite the growing importance of biofuels, the effect of biofuels on fossilfuel markets is not fully understood. We develop a joint structural Vector Auto Regression (VAR) model of the global crude oil, US gasoline, and USethanol markets to examine whether the USethanol market has had any...
Persistent link: https://www.econbiz.de/10013037041
Substitution of petroleum fuels with biofuels such as ethanol and biodiesel has been shown to reduce greenhouse gas (GHG) emissions. These GHG reductions can be traded in the emerging carbon markets, and methodologies for quantifying and trading are still being developed. The main challenges in...
Persistent link: https://www.econbiz.de/10012749859
The United States' current financial conditions notwithstanding, climate change remains at the forefront of our national policy agenda. Congress has already considered comprehensive climate legislation in the recent past; during the 110th Congress, three climate change bills were considered in...
Persistent link: https://www.econbiz.de/10014177078
After eight years of non-engagement, the new administration and the U.S. Congress, led by a majority in the President’s party, are rapidly developing climate policy legislation. This paper summarizes past efforts to establish a national climate policy in the United States as well as the major...
Persistent link: https://www.econbiz.de/10014205949
, agriculture and forestry, non-climate international agreements, adaptation, geoengineering, and energy regulation), and brings …
Persistent link: https://www.econbiz.de/10014149906
Title IV of the 1990 Clean Air Act instituted a nationwide system of tradeable pollution permits for sulfur dioxide emitted by electric power plants. This paper asks: What were the cost savings from using a market-based instrument, rather than a more conventional prescriptive approach? Using an...
Persistent link: https://www.econbiz.de/10014029719
We examine the productivity and profitability changes in the US electric generating plants during the SO2 trading regime. Input distance function is used to compute the cumulative Malmquist productivity and Fisher productivity indexes. By exploiting the duality between cost and input distance...
Persistent link: https://www.econbiz.de/10014029263
concerning the manner in which the environment and natural resources are to be governed (e.g., public funding, eminent domain …, public trust, access to water, legislative responsibility). But only six declare a right to a quality environment. These are … shows that while four of these states treat their right to a certain quality environment as judicially enforceable, two …
Persistent link: https://www.econbiz.de/10014358546