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The economics of air pollution from fossil fuels

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  • David Newbery

    (Energy Policy Research Group University of Cambridge)

Abstract

The paper sets out the economic theory for addressing externalities such as air pollution from burning fossil fuels and from road transport, and for public bads such as greenhouse gases, taking as examples the Clean Air Act, 1956, progress in reducing emissions from power stations, and recent concerns over the number of premature deaths from the rapid growth in diesel cars. That damage can be costed at 15p/litre of diesel on average. The last part discusses the efficacy of taxes, quotas or standards and the EU ETS for mitigating climate damage.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • David Newbery, 2017. "The economics of air pollution from fossil fuels," Working Papers EPRG 1708, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg1708
    as

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    File URL: https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1708.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Air pollution; particulates; fossil generation; transport; emissions trading;
    All these keywords.

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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