Efficient emission fees in the US electricity sector
نویسندگان
چکیده
This paper provides new estimates of efficient emission fees for sulfur dioxide (SO2) and nitrogen oxides (NOx) emissions in the US electricity sector. The estimates are obtained by coupling a detailed simulation model of the US electricity markets with an integrated assessment model that links changes in emissions with atmospheric transport, environmental endpoints, and valuation of impacts. Efficient fees are found by comparing incremental benefits with emission fee levels. National quantity caps that are equivalent to these fees also are computed, and found to approximate caps under consideration in the current multi-pollutant debate in the US Congress and the recent proposals from the Bush administration for the electricity industry. We also explore whether regional differentiation of caps on different pollutants is likely to enhance efficiency. © 2003 Elsevier B.V. All rights reserved. JEL classification: Q2; Q4; D61
منابع مشابه
Accounting for climate and air quality damages in future U.S. electricity generation scenarios.
The EPA-MARKAL model of the U.S. electricity sector is used to examine how imposing emissions fees based on estimated health and environmental damages might change electricity generation. Fees are imposed on life-cycle emissions of SO(2), nitrogen oxides (NO(x)), particulate matter, and greenhouse gases (GHG) from 2015 through 2055. Changes in electricity production, fuel type, emissions contro...
متن کاملImplications of the recent reductions in natural gas prices for emissions of CO2 from the US power sector.
CO(2) emissions from the US power sector decreased by 8.76% in 2009 relative to 2008 contributing to a decrease over this period of 6.59% in overall US emissions of greenhouse gases. An econometric model, tuned to data reported for regional generation of US electricity, is used to diagnose factors responsible for the 2009 decrease. More than half of the reduction is attributed to a shift from g...
متن کاملHow the Timing of Climate Change Policy Affects Infrastructure Turnover in the Electricity Sector: Engineering, Economic and Policy Considerations
The electricity sector is responsible for producing 35% of US greenhouse gas (GHG) emissions. Estimates suggest that ideally, the electricity sector would be responsible for approximately 85% of emissions abatement associated with climate polices such as America's Clean Energy and Security Act (ACES). This is equivalent to ~50% cumulative emissions reductions below projected cumulative business...
متن کاملElectricity Input–Output Analysis in Iranian Economics (Generalize Hypothetical Extraction Method)
With respect to targeting high economic growth rate and lack of financial resources, identifying key sectors and measuring inter-sectoral interactions in in the economy is becoming increasingly important. There is no doubt that the electricity sector in the economy plays a vital role in the development of other sub-sectors and it is expected that there will be a positive relationship between th...
متن کاملتحلیل عوامل مؤثر بر تغییر انتشار دیاکسیدکربن بخش نیروگاهی ایران، 1378-1386
The power sector in Iran accounts for a share of 28.2 percent of the total CO2 emissions, so it is the biggest emitter of greenhouse gases. This study uses Logarithmic Mean Divisia Index (LMDI) technique to examine the role of five factors (economic growth, fuel intensity, electricity intensity, structure and quality of fuel) influencing CO2 emissions of the Power Plant sector in the period 1...
متن کامل