Replication data for: Emissions Trading, Electricity Restructuring, and Investment in Pollution Abatement

Principal Investigator(s): View help for Principal Investigator(s) Meredith Fowlie

Name	File Type	Size	Last Modified
CL_POOL	text/plain	40.9 KB	10/11/2019 10:50:AM
CL_PUB	text/plain	39.6 KB	10/11/2019 10:50:AM
CL_REG	text/plain	39.6 KB	10/11/2019 10:50:AM
CL_RES	text/plain	39.9 KB	10/11/2019 10:50:AM
RPL_POOL	text/plain	41.3 KB	10/11/2019 10:50:AM
RPL_PUB	text/plain	39.7 KB	10/11/2019 10:50:AM
RPL_REG	text/plain	39.7 KB	10/11/2019 10:50:AM
RPL_RES	text/plain	40.2 KB	10/11/2019 10:50:AM

Project Description

Summary: This paper analyzes an emissions trading program that was introduced to reduce smog-causing pollution from large stationary sources. Using variation in state level electricity industry restructuring activity, I identify the effect of economic regulation on pollution permit market outcomes. There are two main findings. First, deregulated plants in restructured electricity markets were less likely to adopt more capital intensive environmental compliance options as compared to regulated or publicly owned plants. Second, as a consequence of heterogeneity in electricity market regulations, a larger share of the permitted pollution is being emitted in states where air quality problems tend to be more severe. (JEL L51, L94, L98, Q53, Q58)

Scope of Project

JEL Classification:
      L51 Economics of Regulation
      L94 Electric Utilities
      L98 Industry Studies: Utilities and Transportation: Government Policy
      Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
      Q58 Environmental Economics: Government Policy

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Published Versions

V1 [2019-10-11]

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