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来源类型Working Paper
规范类型报告
DOI10.3386/w15082
来源IDWorking Paper 15082
What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's NOx Trading Program
Meredith Fowlie; Stephen P. Holland; Erin T. Mansur
发表日期2009-06-11
出版年2009
语种英语
摘要A perceived advantage of cap-and-trade programs over more prescriptive environmental regulation is that enhanced compliance flexibility and cost effectiveness can make more stringent emissions reductions politically feasible. However, increased compliance flexibility can also result in an inequitable distribution of pollution. We investigate these issues in the context of Southern California's RECLAIM program. We match facilities in RECLAIM with similar California facilities also located in non-attainment areas. Our results indicate that emissions fell approximately 24 percent, on average, at RECLAIM facilities relative to our counterfactual. Furthermore, we find that observed changes in emissions do not vary significantly with neighborhood demographic characteristics.
主题Industrial Organization ; Regulatory Economics ; Environmental and Resource Economics ; Environment ; Regional and Urban Economics
URLhttps://www.nber.org/papers/w15082
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572758
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Meredith Fowlie,Stephen P. Holland,Erin T. Mansur. What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's NOx Trading Program. 2009.
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