Sulfur dioxide allowances : trading and technological progress
Kumar, Surender & Managi, Shunsuke (2010) Sulfur dioxide allowances : trading and technological progress. Ecological Economics, 69(3), pp. 623-631.
The US Clean Air Act Amendments introduce an emissions trading system to regulate SO2 emissions. This study finds that changes in SO2 emissions prices are related to innovations induced by these amendments. We find that electricity-generating plants are able to increase electricity output and reduce emissions of SO2 and NOx from 1995 to 2007 due to the introduction of the allowance trading system. However, compared to the approximate 8% per year of exogenous technological progress, the induced effect is relatively small, and the contribution of the induced effect to overall technological progress is about 1-2%.
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|Item Type:||Journal Article|
|Keywords:||Distance function; Environmental policy; Sulfur dioxide allowances trading; Technological progress|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Deposited On:||24 Aug 2014 23:42|
|Last Modified:||26 Aug 2014 02:00|
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