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The Costs and Benefits of Reducing Acid Rain AgEcon
Burtraw, Dallas; Krupnick, Alan J.; Mansur, Erin T.; Austin, David H.; Farrell, Deirdre.
Title IV of the 1990 Clean Air Act Amendments initiated a dramatic reduction in emissions of sulfur dioxide and nitrogen oxides by electric power plants. This paper presents the results of an integrated assessment of the benefits and costs of the program, using the Tracking and Analysis Framework (TAF) developed for the National Acid Precipitation Assessment Program (NAPAP). Although dramatic uncertainties characterize our estimates especially with respect to the benefits of the program, many of which we have modeled explicitly, we find that the benefits can be expected to substantially outweigh the costs of the emission reductions. The lion's share of benefits result from reduced risk of premature mortality, especially through reduced exposure to...
Tipo: Working or Discussion Paper Palavras-chave: Acid rain; Sulfur dioxide; Nitrogen oxides; Cost-benefit analysis; Clean Air Act; Title IV; Environmental Economics and Policy; H43; Q2; Q4.
Ano: 1997 URL: http://purl.umn.edu/10692
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Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade? AgEcon
Carlson, Curtis; Burtraw, Dallas; Cropper, Maureen L.; Palmer, Karen L..
Title IV of the 1990 Clean Air Act Amendments (CAAA) established a market for transferable sulfur dioxide (SO2) emission allowances among electric utilities. This market offers firms facing high marginal abatement costs the opportunity to purchase the right to emit SO2 from firms with lower costs, and is expected to yield cost savings compared to a command and control approach to environmental regulation. This paper uses econometrically estimated marginal abatement cost functions for power plants affected by Title IV of the CAAA to evaluate the performance of the SO2 allowance market. Specifically, we investigate whether the much-heralded fall in the cost of abating SO2, compared to original estimates, can be attributed to allowance trading. We demonstrate...
Tipo: Working or Discussion Paper Palavras-chave: Acid rain; Sulfur dioxide; Air pollution; Clean Air Act; Title IV; Permit trading; Environmental Economics and Policy; H43; Q2; Q4.
Ano: 2000 URL: http://purl.umn.edu/10790
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