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.

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Abstract

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%.

Impact and interest:

17 citations in Scopus
11 citations in Web of Science®
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ID Code: 75480
Item Type: Journal Article
Refereed: Yes
Keywords: Distance function; Environmental policy; Sulfur dioxide allowances trading; Technological progress
DOI: 10.1016/j.ecolecon.2009.09.013
ISSN: 09218009
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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