What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's Nox Trading Program
62 Pages Posted: 16 Jun 2009 Last revised: 19 Mar 2023
There are 2 versions of this paper
What Do Emissions Markets Deliver and to Whom? Evidence from Southern California's NOx Trading Program
Date Written: June 2009
Abstract
A perceived advantage of cap-and-trade programs over more prescriptive environmental regulation is that enhanced compliance flexibility and cost effectiveness can make more stringent emissions reductions politically feasible. However, increased compliance flexibility can also result in an inequitable distribution of pollution. We investigate these issues in the context of Southern California's RECLAIM program. We match facilities in RECLAIM with similar California facilities also located in non-attainment areas. Our results indicate that emissions fell approximately 24 percent, on average, at RECLAIM facilities relative to our counterfactual. Furthermore, we find that observed changes in emissions do not vary significantly with neighborhood demographic characteristics.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
By Meredith Fowlie, Stephen P. Holland, ...
-
Averting Regulatory Enforcement: Evidence from New Source Review
By Nathaniel O. Keohane, Erin T. Mansur, ...
-
Environmental Justice and Domestic Climate Change Policy
By Alice Kaswan
-
Environmental Justice and Environmental Law
By Alice Kaswan
-
An Update on the Science of Acidification in the Adirondack Park
By Anna Mische John, Dallas Burtraw, ...
-
Nepa and Environmental Justice: Integration, Implementation, and Judicial Review
By Uma Outka
-
By Shalini P. Vajjhala, Sarah Szambelan, ...