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Registros recuperados: 5
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Ancillary Benefits of Reduced Air Pollution in the United States from Moderate Greenhouse Gas Mitigation Policies in the Electricity Sector AgEcon
Burtraw, Dallas; Krupnick, Alan J.; Palmer, Karen L.; Paul, Anthony; Toman, Michael; Bloyd, Cary.
This paper considers how moderate actions to slow atmospheric accumulation of greenhouse gases from fossil fuel use also could reduce conventional air pollutants in the United States. The benefits that result would be "ancillary" to greenhouse gas abatement. Moreover, the benefits would tend to accrue locally and in the near term, while benefits from reduced climate change mostly accrue globally and over a time frame of several decades or longer. The previous literature suggests that changes in nitrogen oxides (NOx) would be the most important consequence of moderate carbon policies. We calculate these changes in a detailed electricity model linked to an integrated assessment framework to value changes in human health. A tax of $25 per metric ton of carbon...
Tipo: Conference Paper or Presentation Palavras-chave: Climate change; Greenhouse gas; Ancillary benefits; Air pollution; Co-control benefits; Nitrogen oxides; Sulfur dioxide; Carbon dioxide; Particulates; Health; Environmental Economics and Policy; H23; I18; Q48.
Ano: 2001 URL: http://purl.umn.edu/10664
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Cost-Effective Reduction of NOx Emissions from Electricity Generation AgEcon
Burtraw, Dallas; Palmer, Karen L.; Bharvirkar, Ranjit; Paul, Anthony.
This paper analyzes the benefits and costs of policies to reduce nitrogen oxides (NOX) emissions from electricity generation in the United States. Because emissions of NOX contribute to the high concentration of atmospheric ozone in the eastern states that is associated with health hazards, the U.S. Environmental Protection Agency (EPA) has called on eastern states to formulate state implementation plans (SIPs) for reducing NOX emissions. Our analysis considers three NOX reduction scenarios: a summer seasonal cap in the eastern states covered by EPA's NOX SIP Call, an annual cap in the same SIP Call region, and a national annual cap. All scenarios allow for emissions trading. Although EPA's current policy is to implement a seasonal cap in the SIP Call...
Tipo: Working or Discussion Paper Palavras-chave: Emissions trading; Electricity; Particulates; Nitrogen oxides; NOx; Health benefits; Environmental Economics and Policy; Q2; Q4.
Ano: 2001 URL: http://purl.umn.edu/10677
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Restructuring and the Cost of Reducing NOx Emissions in Electricity Generation AgEcon
Palmer, Karen L.; Burtraw, Dallas; Bharvirkar, Ranjit; Paul, Anthony.
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...
Tipo: Working or Discussion Paper Palavras-chave: Electricity; Restructuring; Deregulation; Competition; Emissions trading; Particulates; Nitrogen oxides; NOx; Health benefits; Cost effectiveness; Environmental Economics and Policy; Q2; Q4.
Ano: 2001 URL: http://purl.umn.edu/10549
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The Effect of Allowance Allocation on the Cost of Carbon Emission Trading AgEcon
Burtraw, Dallas; Palmer, Karen L.; Bharvirkar, Ranjit; Paul, Anthony.
We investigate the cost-effectiveness and distributional effects of a revenue-raising auction, grandfathering, and a generation performance standard as alternative approaches for distributing carbon emission allowances in the electricity sector. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the other approaches. This result holds under a variety of assumptions about the future state of economic regulation and competition in the electricity sector. The differences in the cost of the approaches flow from the effect of each approach on electricity price. Grandfathering is the best for producers but it imposes a substantial cost on consumers. The generation performance standard yields the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon; Emission allowance trading; Allowance allocations; Electricity; Restructuring; Air pollution; Safety valve; Auction; Grandfathering; Generation performance standard; Output-based allocation; Cost-effectiveness; Environmental Economics and Policy; Q2; Q25; Q4; L94.
Ano: 2001 URL: http://purl.umn.edu/10536
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The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances AgEcon
Burtraw, Dallas; Palmer, Karen L.; Bharvirkar, Ranjit; Paul, Anthony.
Paradoxically, owners of existing generation assets may be better off paying for carbon dioxide emission allowances than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction to preserve the asset values of existing generators.
Tipo: Working or Discussion Paper Palavras-chave: Carbon dioxide; Emission allowance trading; Allocation; Electricity; Restructuring; Air pollution; Auction; Grandfathering; Generation performance standard; Outputbased allocation; Cost-effectiveness; Environmental Economics and Policy; Q2; Q25; Q4; L94.
Ano: 2002 URL: http://purl.umn.edu/10705
Registros recuperados: 5
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