U.S. Energy Subsidies:Do They Reduce Electricity Generated CO2 Emissions?
AbstractThis paper analyzes the influence of energy subsidies, Department of Energy (DOE) budget, U.S. government R&D spending on energy, and energy tax expenditures, on CO2 emissions from fossil fuels in the electricity market. The findings indicate that between 1990 and 2010 increases in DOE Outlays led to decreases in CO2 emissions from both fossil fuels generally and coal specifically; however, the magnitude of the contemporaneous effect is small. The effects varied by states, those with marginal wind potential were more strongly affected than states with significant wind resources. R&D spending did not have a contemporaneous influence on emissions.
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Bibliographic InfoPaper provided by Oklahoma State University, Department of Economics and Legal Studies in Business in its series Economics Working Paper Series with number 1402.
Length: 23 pages
Date of creation: Jun 2012
Date of revision: Jul 2013
Energy; Subsidy; Renewable Energy; Policy;
Find related papers by JEL classification:
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
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