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An Economic Perspective on the EPA’s Clean Power Plan — Cross-State Coordination Key to Cost-Effective CO2 Reductions

In: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023)

Author

Listed:
  • Meredith Fowlie
  • Lawrence Goulder
  • Matthew J. Kotchen
  • Severin Borenstein
  • James Bushnell
  • Lucas Davis
  • Michael Greenstone
  • Charles Kolstad
  • Christopher Knittel
  • Robert N. Stavins
  • Michael Wara
  • Frank Wolak
  • Catherine Wolfram

Abstract

In June, the Obama Administration unveiled its proposal for a Clean Power Plan, which it estimates would reduce carbon dioxide (CO2) emissions from existing U.S. power plants 30 percent below 2005 levels by 2030 (see Figure 1). Power plant emissions have declined substantially since 2005, so the plan is seeking reductions of about 18 percent from current levels. Electricity generation accounts for about 40 percent of U.S. CO2 emissions…

Suggested Citation

  • Meredith Fowlie & Lawrence Goulder & Matthew J. Kotchen & Severin Borenstein & James Bushnell & Lucas Davis & Michael Greenstone & Charles Kolstad & Christopher Knittel & Robert N. Stavins & Michael W, 2025. "An Economic Perspective on the EPA’s Clean Power Plan — Cross-State Coordination Key to Cost-Effective CO2 Reductions," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 14, pages 407-413, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811292415_0014
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    Keywords

    Climate Change Economics; Climate Change Policy; Wine Economics; Environmental Economics; Energy Economics; Natural Resource Economics; Energy-Efficiency Gap; Climate Negotiators; Carbon Pricing; Carbon Pricing Policy; Greenhouse; SO2 Allowance Trading System; Clean Air Act; Intergovernmental Panel on Climate Change; Durban Climate Talks; The Paris Agreement; Terroir;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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