Legislation often empowers agencies to develop rules, but legal challenges may create uncertainty, thereby increasing firm costs, delaying policy objectives, and affecting externalities. This paper investigates policy uncertainty surrounding the Mercury and Air Toxics Standard, estimating a...

Natural gas has replaced coal as the dominant fuel for U.S. electricity generation. However, U.S. states that regulate electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during an energy transition where utilities face tradeoffs...

Conflicting interests among governments at all levels and coal enterprises are not conducive to the implementation of China's dual-carbon strategy in the coal industry. This study provides a theoretical analysis of the stabilization strategies of governments and coal enterprises by refining...

The transition from fossil fuels to carbon-neutral energy sources is necessary to reduce greenhouse gas (GHG) emissions and combat climate change. Hydrogen (H2) provides a promising path to harness fossil fuels to reduce emissions in sectors such as transportation. However, regional economic...