Emissions Trading, Electricity Restructuring, and Investment in Pollution Abatement
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- Meredith Fowlie
- University of California, Berkeley, Department of Agriculture and Resource Economics, 207 Giannini Hall, Berkeley, CA 94720-3310.
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説明
<jats:p> This paper analyzes an emissions trading program that was introduced to reduce smog-causing pollution from large stationary sources. Using variation in state level electricity industry restructuring activity, I identify the effect of economic regulation on pollution permit market outcomes. There are two main findings. First, deregulated plants in restructured electricity markets were less likely to adopt more capital intensive environmental compliance options as compared to regulated or publicly owned plants. Second, as a consequence of heterogeneity in electricity market regulations, a larger share of the permitted pollution is being emitted in states where air quality problems tend to be more severe. (JEL L51, L94, L98, Q53, Q58) </jats:p>
収録刊行物
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- American Economic Review
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American Economic Review 100 (3), 837-869, 2010-06-01
American Economic Association
