全球智库信息集成服务系统(G2TT): The Impact of Trading on the Costs and Benefits of the Acid Rain Program

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21383
来源ID	Working Paper 21383
	The Impact of Trading on the Costs and Benefits of the Acid Rain Program
	H. Ron Chan; B. Andrew Chupp; Maureen L. Cropper; Nicholas Z. Muller
发表日期	2015-07-20
出版年	2015
语种	英语
摘要	This study quantifies the cost savings from the Acid Rain Program (ARP) compared with a command-and-control alternative and also examines the impact of trading under the ARP on health damages. To quantify cost savings, we compare compliance costs for non-NSPS (New Source Performance Standards) coal-fired Electricity Generating Units (EGUs) under the ARP with compliance costs under a uniform performance standard that achieves the same aggregate emissions. We do this for the year 2002, the third year of Phase II of the program. We find annual cost savings of approximately $240 million (1995$). To examine the health effects of trading, we compute the health damages associated with observed sulfur dioxide (SO2) emissions from all units regulated under the ARP in 2002—approximately 10.2 million tons—and compare them with damages from a No-Trade counterfactual in which each unit emits SO2 at a rate equal to its allocation of permits for the year 2002, plus any drawdown of its allowance bank. Damages under the ARP are $2.4 billion (2000$) higher than under the No-Trade. This reflects the transfer of allowances from EGUs west of the Mississippi River to units in the eastern US with higher exposed populations.
主题	Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w21383
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/579056
推荐引用方式 GB/T 7714	H. Ron Chan,B. Andrew Chupp,Maureen L. Cropper,et al. The Impact of Trading on the Costs and Benefits of the Acid Rain Program. 2015.