Replication data for: Greenhouse Gas Reductions under Low Carbon Fuel Standards?

Principal Investigator(s): View help for Principal Investigator(s) Stephen P. Holland; Jonathan E. Hughes; Christopher R. Knittel

Version: View help for Version V1

Name	File Type	Size	Last Modified
HHK_LCFS_Simulation_code.m	text/plain	17.5 KB	10/12/2019 09:40:PM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 09:40:PM
Readme.pdf	application/pdf	18.8 KB	10/12/2019 09:40:PM

Project Citation:

Holland, Stephen P., Hughes, Jonathan E., and Knittel, Christopher R. Replication data for: Greenhouse Gas Reductions under Low Carbon Fuel Standards? Nashville, TN: American Economic Association [publisher], 2009. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114536V1

Project Description

Summary: A low carbon fuel standard (LCFS) seeks to reduce greenhouse gas emissions by limiting the carbon intensity of fuels. We show this decreases high carbon fuel production but increases low carbon fuel production, possibly increasing net carbon emissions. The LCFS cannot be efficient, and the best LCFS may be nonbinding. We simulate a national LCFS on gasoline and ethanol. For a broad parameter range, emissions decrease, energy prices increase, abatement costs are large ($80 - $760 billion annually), and average abatement costs are large ($307 - $2,272 per CO2 metric ton). A cost effective policy has much lower average abatement costs ($60 - $868). (JEL Q54, Q58)

Scope of Project

JEL Classification:
Q54 Climate; Natural Disasters and Their Management; Global Warming
Q58 Environmental Economics: Government Policy

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V1 [2019-10-13]

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