Taxing Electricity Sector Carbon Emissions at Social Cost

Paul, Anthony; Beasley, Blair; Palmer, Karen

doi:10.2139/ssrn.2432182

Cited by 9 publications

(8 citation statements)

References 15 publications

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“…This is consistent with theory and other findings Paul et al (2013) and Kaufman et al (2016) that suggest that the electricity sector has a greater ability to fuel switch and reduce the use of carbon-intensive fuels than do the other sectors (e.g., residential, commercial, industrial, and transportation). In other sectors, demand for less emissions-intensive fuels such as natural gas and biomass increases in both periods in all scenarios.…”

supporting

confidence: 91%

The Impact of Carbon Taxation and Revenue Recycling on U.S. Industries

Macaluso

Tuladhar²,

Woollacott

et al. 2018

Clim. Change Econ.

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This paper provides a detailed, cross-model analysis and discussion of the implications of carbon tax scenarios on changes in sectoral output, energy production and consumption and the competitiveness of the United States' economy. Our analysis focuses on the broad patterns apparent across models in both qualitative and quantitative terms at the sector level, with a focus Climate Change Economics, Vol. 9, No. 1 (2018) on energy-intensive, trade-exposed sectors. We identify how variations in carbon tax trajectories and different options for using the revenue from the tax drive these results.1840005 (41 pages) © The Author(s

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supporting

confidence: 91%

The Impact of Carbon Taxation and Revenue Recycling on U.S. Industries

Macaluso

Tuladhar²,

Woollacott

et al. 2018

Clim. Change Econ.

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show abstract

“…For EIA (2014, projections for the year 2040 are plotted in lieu of 2050 values. For Paul et al (2013),…”

Section: Increase In Regional Average Retail Electricity Price Relatimentioning

confidence: 99%

Putting the Potential Rate Impacts of Distributed Solar into Context

Barbose

2018

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“…Paul, Beasley and Palmer () use the Haiku model – a partial equilibrium model that solves for operation and investment of the electricity system in 22 linked regions – to estimate the effects of a variety of carbon prices introduced through a carbon tax in the years 2013 to 2035. The examined scenarios cover a wide variety of carbon prices: $31 to $252 per ton of CO 2 by 2050 (in 2009 dollars).…”

Section: Literature On the Economic Impacts Of Co2 Taxesmentioning

confidence: 99%

“…In an evaluation of the macroeconomic impacts of the American Power Act of 2010 through the national energy modeling system (NEMS), the Energy Information Administration (EIA 2010) estimated the cumulative real impacts from a cap-and-trade system with an estimated permit value rising from $25/ton in 2013 to $76 in 2035 (in constant 2008 dollars) at 0.1 per cent to 1 per cent of GDP, depending on a number of assumptions about pricing and alternatives. Paul, Beasley and Palmer (2013) use the Haiku model -a partial equilibrium model that solves for operation and investment of the electricity system in 22 linked regions -to estimate the effects of a variety of carbon prices introduced through a carbon tax in the years 2013 to 2035. The examined scenarios cover a wide variety of carbon prices: $31 to $252 per ton of CO2 by 2050 (in 2009 dollars).…”

Section: Literature On the Economic Impacts Of Cotaxesmentioning

confidence: 99%

Estimating state and sub‐state economic effects of a carbon dioxide tax policy: An application of a new multi‐region energy‐economy econometric model

Warren

Wendling

Bower-Bir

et al. 2015

Regional Science Policy & Practice

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This paper discusses an innovative econometric approach for modelling how national or state‐level energy policies can affect state and sub‐state economic outcomes using the new Indiana scalable energy‐economy model (IN‐SEEM). This model – which can be modified and scaled to investigate other states and sub‐state regions – is used to analyse the economic effects of a carbon dioxide (CO2) tax on the state of Indiana and two of its most populous regions. Results of this analysis offer a proof‐of‐concept for an econometric approach that allows for sub‐state analysis of energy policies. Further, the policy analysis finds that without a mechanism for recycling CO2 tax revenues back into the economy, a CO2 tax of between $15 and $45 per ton will have a significant negative effect on the state economy and the two regions examined. While we find the tax to be an effective means of reducing energy consumption and thus CO2 emissions, total employment and gross state product per capita are forecast to decline 4.0 and 3.2 per cent, respectively, for the state given a $15 per ton CO2 tax in the year 2025.

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Taxing Electricity Sector Carbon Emissions at Social Cost

Cited by 9 publications

References 15 publications

The Impact of Carbon Taxation and Revenue Recycling on U.S. Industries

The Impact of Carbon Taxation and Revenue Recycling on U.S. Industries

Putting the Potential Rate Impacts of Distributed Solar into Context

Estimating state and sub‐state economic effects of a carbon dioxide tax policy: An application of a new multi‐region energy‐economy econometric model

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