The Acid Rain Program (ARP) cut sulfur dioxide (SO 2 ) emissions from power plants in the United States, with considerable benefits. We show this also reduced ambient sulfate levels, which lowered agriculture productivity through decreased soil sulfur. Using plant-level SO and an atmospheric transport model, we estimate relationship between airborne levels yields for corn soybeans. crop revenue...

Türkiye’nin enerji ihtiyacının her geçen gün artmasıyla hızlı sürede kendini yenileyebilme özelliği olan yenilenebilir enerjinin arzı içerisindeki yerini almasını gündeme getirmiştir. Dünyanın ekolojik dengesinin korunması ve enerjide dışa bağımlılığın önüne geçilmesinde son derece önemli bu kaynak tüm Dünya’da da ilgi görmektedir. Birçok devlet arz güvenliğinin tedarikinin sağlanması için kayn...

This paper examines the impact of an emissions trading scheme (ETS) on industry output, price, costs, emissions, market shares, and pro…ts. We develop formulae for the number of emissions permits that have to be freely allocated to …rms in order to neutralize any adverse impact the ETS may have on pro…ts. Under quite general conditions, industry pro…ts are preserved so long as …rms are freely a...

The United States Government recently developed a range of values representing the monetized global damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit-cost analyses to assess potential federal regulations. For 2010, the central value of the SCC is $21 per ton of CO...

This paper examines the effects of firm-level innovation in carbon-abatement technologies on optimal cap-and-trade schemes with and without price controls. We characterize optimal cap-and-trade regulation with price cap and price floor, and compare it to the special cases of pure taxation and simple emissions cap. Innovation shifts the tradeoff between priceand quantity-based instruments toward...

This paper examines the amount of grandfathering needed for an emissions trading scheme (ETS) to have a neutral impact on firm profits. We provide a simple formula to calculate profit-neutral grandfathering in an asymmetric Cournot model with a general demand function. Using this formula, we obtain estimates of profit-neutral grandfathering for the electricity, cement, newsprint and steel indus...

Yearly allocations to EPA Superfund cleanups are relatively fixed, but like other federal agencies, the EPA is given significant flexibility over where to clean sites that do not pose an immediate threat to human health. Given that Superfund cleanups are associated with local economic benefits, such as increased housing values, we show in a theoretical model that spatially heterogeneous economi...

The relationship between R&D investments and technical change is inherently uncertain. In this paper we combine economics and decision analysis to incorporate the uncertainty of technical change into climate change policy analysis. We present the results of an expert elicitation on the prospects for technical change in carbon capture and storage. We find a significant amount of disagreement bet...

While bringing positive impacts and benefits, cross-border infrastructure projects face additional challenges relative to national projects. Moreover, such projects involve a variety of technical, regulatory, institutional, and legal factors, and their obstacles constrain the development of cross-border infrastructure projects. This paper argues that proper technical specifications and well-fun...