Why are allowance prices so low? An analysis of the SO{sub 2} emissions trading program
Conference
·
OSTI ID:617866
This paper presents an analysis of the reduction in SO{sub 2} emissions by electric utilities between 1985 and 1993. We find that, as of 1993, emissions had been reduced for reasons largely unrelated to the emission reduction mandate incorporated in Title IV of the 1990 Clean Air Act Amendments. The principal reason appears to be the change in the economics of coal choice that resulted from the remarkable decline in rail rates for low sulfur western coal delivered to higher sulfur coal-fired plants in the Midwest. Consequently, one of the reasons that allowance prices are lower than expected is that less sulfur need be removed to meet the Title IV caps on aggregate SO{sub x} emissions.
- OSTI ID:
- 617866
- Report Number(s):
- CONF-970145--
- Country of Publication:
- United States
- Language:
- English
Similar Records
The declining trend in sulfur dioxide emissions: Implications for allowance prices
The price of pollution: A dual approach to valuing SO{sub 2} allowances
The Clean Air Act impacts on rail coal
Journal Article
·
Wed Jul 01 00:00:00 EDT 1998
· Journal of Environmental Economics and Management
·
OSTI ID:658991
The price of pollution: A dual approach to valuing SO{sub 2} allowances
Journal Article
·
Sun Dec 31 23:00:00 EST 1995
· Journal of Environmental Economics and Management
·
OSTI ID:379401
The Clean Air Act impacts on rail coal
Journal Article
·
Thu Feb 28 23:00:00 EST 1991
· Public Utilities Fortnightly; (United States)
·
OSTI ID:6248806