Regulating Greenhouse Gases from Coal Power Plants under the Clean Air Act
AbstractThe Clean Air Act has assumed the central role in US climate policy, directing the development of regulations governing greenhouse gas emissions from existing coal-fired power plants. This paper examines the operation of coal-fired generating units over 25 years to estimate the marginal costs and potential magnitude of emissions reductions from improving their efficiency. We find that a 10 percent increase in coal prices causes a 0.2 to 0.5 percent heat rate reduction, broadly consistent with engineering assessments. We also find that coal prices have a significant effect on utilization. The results are used to compare cost-effectiveness of alternative policies.
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Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-13-05.
Date of creation: 19 Feb 2013
Date of revision:
efficiency; regulation; greenhouse gas; carbon dioxide; coal; performance standards;
Find related papers by JEL classification:
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-11 (All new papers)
- NEP-ENE-2013-05-11 (Energy Economics)
- NEP-ENV-2013-05-11 (Environmental Economics)
- NEP-REG-2013-05-11 (Regulation)
- NEP-RES-2013-05-11 (Resource Economics)
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- Burtraw, Dallas & Woerman, Matt, 2012. "US Status on Climate Change Mitigation," Discussion Papers dp-12-48, Resources For the Future.
- Burtraw, Dallas & Woerman, Matt, 2013. "Technology Flexibility and Stringency for Greenhouse Gas Regulations," Discussion Papers dp-13-24, Resources For the Future.
- Burtraw, Dallas & Fraas, Arthur G. & Richardson, Nathan, 2012. "Tradable Standards for Clean Air Act Carbon Policy," Discussion Papers dp-12-05, Resources For the Future.
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