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Global warming and the acute domestic air pollution in China have necessitated transition to a sustainable energy system away from coal-dominated energy production. Through a systematic review of the national policy documents, this study investigates the policy mix adopted by the Chinese...
Persistent link: https://www.econbiz.de/10014032349
electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market … outcomes under similar expansions of clean electricity generation. While pricing emissions gives strong incentives to first … and emissions rates. We then estimate this correlation for US electricity generation and fuel prices as of 2019. The …
Persistent link: https://www.econbiz.de/10013334480
While carbon taxes are generally seen as a rational policy response to climate change, knowledge about their performance from an expost perspective is still limited. This paper analyzes the emissions and cost impacts of the UK CPS, a carbon tax levied on all fossil-fired power plants. To...
Persistent link: https://www.econbiz.de/10013228575
Although market power in permit markets has been examined in some detail following the seminal work of Hahn (1984), the effect of free allocation on price manipulation with market power in both output and permit market has not specifically been addressed. I show that in this case, the threshold...
Persistent link: https://www.econbiz.de/10008500739
Economic evaluation of green or renewable power should compare the cost of renewable power with the cost savings from displaced fossil generation plus the avoided harm from reduced emissions of air pollution and greenhouse gases. We use existing estimates of the values of the harm and we...
Persistent link: https://www.econbiz.de/10010617512
Jointly with kilowatt-hours (kWh), electric power plants also produce CO2, NOx, and SO2. In this paper, we apply an environmental production model based on data envelopment analysis (DEA) to compare the production of kWh under command-and-control regulation of the undesirable byproduct with...
Persistent link: https://www.econbiz.de/10011043414
related health benefits. But they impose additional production costs on firms and may reduce productivity, earnings, and …
Persistent link: https://www.econbiz.de/10011404845
fraction of a firm’s total costs. Productivity tends to fall, and firms may shift new investment and production to locations …
Persistent link: https://www.econbiz.de/10011405010
related health benefits. But they impose additional production costs on firms and may reduce productivity, earnings, and …
Persistent link: https://www.econbiz.de/10011984678
environmental regulation on innovation and on productivity generally in separate analyses and mostly focusing on the USA. The few … performance indicators such as exports. We instead look at overall innovation and productivity impact that are the most relevant … with most of the literature. On the other front, we find no evidence in favor or against the "strong" PH, as productivity …
Persistent link: https://www.econbiz.de/10010491226