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State and Regional Comprehensive Carbon Pricing and Greenhouse Gas Regulation in the Power Sector under EPA’s Clean Power Plan: Workshop Summary

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Listed:
  • Burtraw, Dallas

    (Resources for the Future)

  • Bushnell, James
  • Munnings, Clayton

    (Resources for the Future)

Abstract

The Clean Power Plan (CPP) is the centerpiece of the US efforts to reduce carbon emissions, introducing regulation of greenhouse gas emissions from existing power plants for the first time on a national basis. These regulations may interact with existing initiatives, for example, in California, where the state has a comprehensive economy-wide cap with emissions allowance trading in place. In addition, three Pacific coast states and British Columbia have supported the idea of comprehensive pricing. This paper provides a summary of a workshop that examined the interaction of these policy approaches. A main observation in the workshop was that the forthcoming CPP will likely facilitate and complicate the prospect of comprehensive carbon pricing. Multistate coordination in complying with the CPP could be key to making simultaneous progress on both the national and regional policy efforts and could provide a pathway from regulation to carbon pricing.

Suggested Citation

  • Burtraw, Dallas & Bushnell, James & Munnings, Clayton, 2015. "State and Regional Comprehensive Carbon Pricing and Greenhouse Gas Regulation in the Power Sector under EPA’s Clean Power Plan: Workshop Summary," RFF Working Paper Series dp-15-31, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-15-31
    as

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    File URL: http://www.rff.org/RFF/documents/RFF-DP-15-31.pdf
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    References listed on IDEAS

    as
    1. Burtraw, Dallas & Palmer, Karen & Munnings, Clayton & Weber, Paige & Woerman, Matt, 2013. "Linking by Degrees: Incremental Alignment of Cap-and-Trade Markets," RFF Working Paper Series dp-13-04, Resources for the Future.
    2. Carolyn Fischer, 2003. "Combining rate-based and cap-and-trade emissions policies," Climate Policy, Taylor & Francis Journals, vol. 3(sup2), pages 89-103, December.
    3. Dallas Burtraw & Karen Palmer & Anthony Paul & Sophie Pan, 2015. "A Proximate Mirror: Greenhouse Gas Rules and Strategic Behavior Under the US Clean Air Act," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 217-241, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Clean Air Act; Clean Power Plan; carbon pricing; cap and trade; regulation; emissions rates;
    All these keywords.

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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