Found 20 article(s) for author 'environmental policy'

What Green New Deal advocates can learn from the 2009 economic stimulus act

What Green New Deal advocates can learn from the 2009 economic stimulus act. Joseph Aldy, February 15, 2019, Opinion, “Congressional Democrats have introduced a “Green New Deal” proposal that calls for a 10-year national mobilization to curb climate change by shifting the U.S. economy away from fossil fuels. Many progressives support this idea, while skeptics argue that a decade is not long enough to remake our nation’s energy system.Link

Tags: , , , , ,

The Economic Implications of a Low-Carbon Future

The Economic Implications of a Low-Carbon Future. Joseph Aldy, January 2019, Paper, “What are the costs and benefits of reducing the carbon intensity of the U.S. economy? The economic costs of decarbonization reflect the stringency of climate policy goals—how ambitious is the objective and how quickly must the economy meet it—and the responsiveness of investment and consumption to new policies and associated price signals. The more low-cost opportunities for switching to lower- and zero-carbon energy sources and the more options for energy efficiency and conservation, the lower the cost of any decarbonization goal. The costs will also reflect a number of critical policy design choices that will affect the cost-effectiveness of reducing carbon emissions, the creation and use of economic value (such as carbon tax revenues) that could promote economic growth, and the potential for innovation policy to complement emission mitigation policy.Link

Tags: , , , ,

Understanding and Overcoming Roadblocks to Environmental Sustainablity. Past Roads and Future Prospects

Understanding and Overcoming Roadblocks to Environmental Sustainablity. Past Roads and Future Prospects. Shawn Cole, January 15, 2019, Paper, “This working paper examines key barriers to business sustainability discussed at a multidisciplinary conference held at the Harvard Business School in 2018. Drawing on perspectives from both the historical and business literatures, speakers debated the historical success and future opportunities for voluntary business actions to advance sustainability. Roadblocks include misaligned incentives, missing institutions, inertia of economic systems, and the concept of sustainability itself. It appears that overcoming these roadblocks will require systematic interventions and alternative normative concepts.Link

Tags: , , , ,

Do financial constraints curb firms’ efforts to control pollution? Evidence from Chinese manufacturing firms

Do financial constraints curb firms’ efforts to control pollution? Evidence from Chinese manufacturing firms. Richard Freeman, January 12, 2019, Paper, “Financial constraints have long existed in China’s manufacturing sectors. The growth of the manufacturing sector has been slowing in recent years due to increasingly strict environmental regulations that force factories to cut production. In this study, we discussed whether financial constraints were essential in firms’ decision to control pollution, and matched the Annual Surveys of Industrial Firms dataset with the Ministry of Environmental Protection survey data on firms’ expenditures in industrial waste gas emission control. The relationship between calculated investment-cash flow sensitivity (ICFS) and the environmental investment ratio (ratio of firms’ expenditures on pollution control to total assets) was analyzed. We found that, overall, financial constraints had a significantly negative effect on firms’ efforts to reduce waste gas emission.Link

Tags: , , , , , , , ,

Policy Evolution under the Clean Air Act

Policy Evolution under the Clean Air Act. Robert Stavins, November 20, 2018, Paper, “Nearly half a century has elapsed since 1970, when the first Earth Day was celebrated, the U.S. Environmental Protection Agency (EPA) was established, and the U.S. Clean Air Act (CAA) was passed with essentially unanimous bipartisan support.2 It was not the first Federal law to deal with air pollution – that was the Air Pollution Control Act of 1955 – and it was technically only an amendment to the original Clean Air Act of 1963 (Stern 1982). But it was the first environmental law to give the Federal government a serious regulatory role. The 1970 Act established the basic architecture of the U.S. air pollution control system and became a model for many subsequent environmental laws in the United States and abroad.Link

Tags: , , , , , , , , , ,

Trade Shifts Pollution More than Regs Shift Trade

Trade Shifts Pollution More than Regs Shift Trade. Joseph Aldy, September/October 2018, Paper, “Burning coal to power manufacturing
contributes to premature mortality in the United States and in developing countries alike. Despite stringent environmental regulations, U.S. coal-fired power plants still cause tens of thousands of early deaths each year. Any factor that causes manufacturing activity to shift from the United States to other countries can also shift the demand for coal-fired power — and its pollution — to these other countries.Link

Tags: , , , , , , ,

The Cost of Reducing Greenhouse Gas Emissions

The Cost of Reducing Greenhouse Gas Emissions, James Stock, August 2, 2018, Paper, “This paper reviews the cost of various interventions that reduce greenhouse gas emissions. As much as possible we focus on actual abatement costs (dollars per ton of carbon dioxide avoided), as measured by 50 economic studies of programs over the past decade, supplemented by our own calculations. We distinguish between static costs, which occur over the lifetime of the project, and dynamic costs, which incorporate spillovers. Interventions or policies that are expensive in a static sense can be inexpensive in a dynamic sense if they induce innovation and learning-by-doing.Link

Tags: , , , ,

Charging the Future – Challenges and Opportunities for Electric Vehicle Adoption

Charging the Future – Challenges and Opportunities for Electric Vehicle Adoption. Henry Lee, August 2018, Paper, “Electric vehicles (EVs) have advanced significantly this decade, owing in part to decreasing battery costs. Yet EVs remain more costly than gasoline fueled vehicles over their useful life. This paper analyzes the additional advances that will be needed, if electric vehicles are to significantly penetrate the passenger vehicle fleet.Link

Tags: , , , ,