| 来源类型 | Working Paper |
| 规范类型 | 论文 |
| Employment and Output Leakage under California’s Cap-and-Trade Program | |
| Wayne Gray; Joshua Linn; Richard D. Morgenstern | |
| 发表日期 | 2016-05-13 |
| 出版年 | 2016 |
| 页码 | DP 16-17 |
| 语种 | 英语 |
| 摘要 | To estimate the potential impact of California’s cap-and-trade program on the state’s energy- intensive, trade-exposed manufacturing industries, this paper uses confidential plant-level Census data to model the effect of historical energy prices on plant-level output, employment, and value added, both inside and outside California, holding constant foreign energy prices. Simulation of the model for an assumed compliance cost of $10 per metric ton of carbon dioxide equivalent (CO2) in California and zero outside the state yields 0 to 3 percent short-term (one year) impacts for almost a third of the industries studied with no output-based rebating. The largest losses are estimated in glass container manufacturing (17 percent), paperboard mills (14 percent), automobile manufacturing (13 percent), iron and steel mills and ferroalloy manufacturing (12 percent), and poultry processing (11 percent); these industries are among the most energy intensive of those studied. Estimated losses for another group of five industries are about 10 percent. These losses should be compared to an overall average one year loss of about 5.7 percent across all the California energy-intensive, trade-exposed industries studied. Simulations of higher compliance costs (up to $22 per metric ton of CO2) result in correspondingly larger losses. Over the long run, defined as a five-year period, the results suggest that increases in California's energy prices relative to those in nearby states have smaller effects than those effects seen over 1 year. Over this longer period, the largest output losses are below 1 percent, with most industries experiencing output losses below 0.1 percent, although for a variety of technical reasons the authors offer caution when interpreting the industry-specific long-run results. |
| 主题 | Energy and Electricity |
| 子主题 | Cap and Trade |
| URL | http://www.rff.org/research/publications/employment-and-output-leakage-under-california-s-cap-and-trade-program |
| 来源智库 | Resources for the Future (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/41444 |
| 推荐引用方式 GB/T 7714 | Wayne Gray,Joshua Linn,Richard D. Morgenstern. Employment and Output Leakage under California’s Cap-and-Trade Program. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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