| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Restructuring and the Cost of Reducing NOx Emissions in Electricity Generation
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| Autores: |
Palmer, Karen L.
Burtraw, Dallas
Bharvirkar, Ranjit
Paul, Anthony
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| Data: |
2005-10-26
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| Ano: |
2001
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| Palavras-chave: |
Electricity
Restructuring
Deregulation
Competition
Emissions trading
Particulates
Nitrogen oxides
NOx
Health benefits
Cost effectiveness
Environmental Economics and Policy
Q2
Q4
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| Resumo: |
We look at the effects of restructuring on three issues: (a) economic surplus and environmental quality, (b) the cost of NOx control policies and who bears the costs, and (c) the cost-effectiveness of a seasonal and an annual NOx cap in the SIP Call region. We find that without the NOx cap, nationwide restructuring leads to higher NOx and carbon emissions from the electricity sector. Adding either a seasonal or an annual NOx cap-and-trade regime in the eastern United States mitigates the increase in NOx emissions but has a much smaller effect on carbon emissions. The out-of-pocket compliance cost associated with achieving a seasonal or an annual NOx cap is moderately higher with nationwide restructuring than without, but the changes in economic surplus are significantly higher. However, the economic benefits of nationwide restructuring more than offset the higher costs of controlling NOx emissions in a more competitive environment. The foregone economic surplus is compared with the benefits resulting from NOx emission reductions using an integrated assessment model of atmospheric transport and valuation of human health effects. We find an annual policy dominates a seasonal policy from a cost effectiveness perspective under limited restructuring, and even more strongly under nationwide restructuring.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18546
http://purl.umn.edu/10549
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 01-10-REV
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| Formato: |
43
application/pdf
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