Replication data for: Valuing the Wind: Renewable Energy Policies and Air Pollution Avoided

Principal Investigator(s):  View help for Principal Investigator(s) Kevin Novan

Version:  View help for Version V1

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  Data_and_Code 10/13/2019 02:52:AM
LICENSE.txt text/plain 14.6 KB 10/12/2019 10:52:PM

Project Citation: 

Novan, Kevin. Replication data for: Valuing the Wind: Renewable Energy Policies and Air Pollution Avoided. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114582V1

Project Description

Summary:  View help for Summary Exploiting variation in the hourly production from wind turbines, this paper quantifies the heterogeneity in the marginal impact of renewable electricity on pollution. The results reveal that output from competing renewable capacity additions—e.g., wind turbines versus solar panels—provide different marginal external benefits. This finding suggests that, if governments continue to subsidize renewables, an emphasis should be placed on designing policies that internalize the heterogeneous benefits. More generally, my results highlight that, by incorrectly assuming renewable electricity is a homogenous good, we will understate the relative efficiency of the first-best pollution prices. (JEL L94, L98, Q42, Q48, Q51, Q53, Q58)

Scope of Project

JEL Classification:  View help for JEL Classification
      L94 Electric Utilities
      L98 Industry Studies: Utilities and Transportation: Government Policy
      Q42 Alternative Energy Sources
      Q48 Energy: Government Policy
      Q51 Valuation of Environmental Effects
      Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
      Q58 Environmental Economics: Government Policy


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V1 [2019-10-13]

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