Arbeitspapier
Economic and environmental impacts of a carbon adder in New York
New York is considering additional emission regulation on top of its obligations under the Regional Greenhouse Gas Initiative (RGGI) to achieve its State Energy Plan targets. The proposed measure is a so-called "carbon adder" on CO2 emissions from the power sector which is set as the difference between the targeted social cost of carbon and the prevailing RGGI price for CO2 emission allowances. We investigate the potential economic and environmental impacts from the imposition of a carbon adder on New York's power sector. While our analysis indicates the risk of excess cost through overlapping regulations, we find that the carbon adder gives the "right" price signal for New York's power generation to turn into a greener one. Market requirements for permit price floors in the RGGI market induces carbon permit retirements across RGGI states leading to small reductions in region- and country-wide emissions levels.
- Sprache
-
Englisch
- Erschienen in
-
Series: Oldenburg Discussion Papers in Economics ; No. V-424-19
- Klassifikation
-
Wirtschaft
Allocative Efficiency; Cost-Benefit Analysis
Taxation and Subsidies: Efficiency; Optimal Taxation
Taxation and Subsidies: Incidence
Environmental Economics: Government Policy
- Thema
-
environmental regulation
overlapping regulation
emission taxes
emissions trading
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Akın-Olçum, Gökçe
Böhringer, Christoph
Rutherford, Thomas F.
Schreiber, Andrew
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oldenburg, Department of Economics
- (wo)
-
Oldenburg
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Akın-Olçum, Gökçe
- Böhringer, Christoph
- Rutherford, Thomas F.
- Schreiber, Andrew
- University of Oldenburg, Department of Economics
Entstanden
- 2019
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