Aguanomics: Optimal regulation

Environmental Economics

I was giving a lecture on institutions and regulation, and I wanted students to understand how ( sometimes)  markets or other negotiations are more efficient in resolving disputes over damages (from pollution or offense) between the offending and offended parties. Bottom line:  Choose the "right means" if you want regulation to be as quick and cheap as possible! David Zetland: Back in Nov 2016 (!),

2018 109

Carbon Regulation Watch

Environmental Economics

has to achieve a certain carbon dioxide emissions rate per unit of energy produced." " Those likely standards—limiting emissions to 1,000 pounds of CO2 per megawatt hour—virtually eliminate the likelihood new coal-fired power plants will be built. "So the EPA, probably in the next few weeks, is probably going to set standards that any new power plant that's built in the U.S.

Regulation Monday (with snark)

Environmental Economics

President Barack Obama is using his executive authority to take his strongest action yet against climate change -- proposing new EPA regulations. Oooohhh, new regulations.  The chief of the Environmental Protection Agency will announce a proposal Monday that will require power plants to cut their carbon emissions by 30% by 2030, a source briefed on the matter told CNN.

Job-killing environmental regulations?

Environmental Economics

What it means, instead, is that “the regulated levels of emissions from the industry are too high.” That is, environmental regulations aren’t strict enough I knew if I waited long enough I would not need to face this challenge. Paul Krugman considers the impacts of environmental policy and finds that: the macroeconomic impacts are small (even when apparently overestimated). the environmental impacts are large.

Dump Truck Owners Suing Over CARB Emission Regulations

Eco Auto Ninja

They are calling into question the legality of CARB’s new requirement that truck and bus owners install their vehicles with diesel exhaust filters in the short-term and that they will have to replace any engines built prior to 2010 with engines that comply with their new emission guidelines. Their lawsuit claims that CARB’s emission regulations are unconstitutional since the cost of compliance will put the majority of dump truck owners out of business.

Aviation needs a moonshot: Geoffrey Lipman on greening emissions globally

Green Prophet

The airlines have committed to produce half of the 2005 level emissions by 2050 and to stop increasing their emissions by 2020. These large chunks of transport emissions will disappear and then the aviation will account for 50% of total transport emissions instead of 15-20% now.

Proposed climate regulations might not be too bad

Environmental Economics

The word "flexibility" is a very good thing from the perspective of economic efficiency: The Supreme Court has already ruled that it can be used to regulate greenhouse gases, which include carbon dioxide emissions, but figuring out how to do that within the technical requirements of the law will be a major challenge. Flexibility reduces costs by allowing emissions targets to be met in the cheapest way, and not with federally prescribed technology or uniform standards.

The benefits of environmental regulations cannot be simply willed away (and why I'm too slow to be an Ivy-Leaguer)

Environmental Economics

A couple of weeks ago, soon after EPA Administrator Pruitt's announcement to introduce a rule changing the role of cost-benefit analysis in design of environmental regulations, I wrote an op-ed and submitted it to the NYTimes for consideration.    In 1981, President Reagan signed Executive Order 12291 requiring both the costs and benefits of any new major regulation be considered prior to federal implementation. 

2018 118

Volkswagen executives did a benefit cost analysis of cheating U.S. environmental regulations

Environmental Economics

New York state has field suit against Volkswagen claiming that not only did someone at Volkswagen designed a system to bypass emissions tests (for which VW has already agreed to pay over $15 billion), but that upper management actually performed a benefit cost analysis on what would happen if they got caught : Executives even carefully evaluated what the cost would be to the company if they were caught.

2016 126

The best laid plans of federal regulators

Environmental Economics

They were installed to help meet a federal mandate that coal-fired power plants cut 71percent of their sulfur-dioxide emissions by 2014. The Electric Power Research Institute, which is funded by utility companies, is investigating reports of "aggressive" corrosion in scrubbers across the nation. "Our

"Obama to reveal plan for cutting greenhouse-gas emissions"

Environmental Economics

It feels like Christmas Eve (but without baby Jesus): Obama administration will unveil the finalized version of its unprecedented regulations clamping down on carbon dioxide emissions on Monday. The plans will require every state to reduce emissions from existing coal-burning power plants. Regulations will require power plants to cut emissions by 32% by 2030, in contrast to 2005 levels.

The opposite of the EU Emissions Trading Scheme

Environmental Economics

Wah ( Urban Dictionary definition number 5 ): California’s manufacturing costs are expected to rise as regulators reduce the state’s supply of emissions credits. Observers have expressed concern that the “ lack of a national and global carbon-emissions market ” may be negatively impacting California’s economy, which is on track to achieve a 15 percent reduction in its emissions by 2020.

2015 138

"California Governor Orders New Target for Emissions Cuts"

Environmental Economics

One feature of economic incentive-based environmental policy is that it is possible to achieve (1) a given amount of emissions reductions at lower cost and/or (2) additional emissions reductions at the same cost relative to environmental standards (i.e., command and control regulation): Gov. Under Mr. Brown’s order, emissions would have to be reduced by 40 percent over 1990 levels by 2030.

2015 157

RFF on the Issues: When a Carbon Tax Is Better than Regulation

Environmental Economics

Earlier this week at the Paris climate conference, President Obama said that imposing a price on carbon emissions “was a smarter way to deal with pollution than a command-and-control system.” When isn't it? Many experts agree that “much of the economic pain from rising energy costs could be minimized” by a revenue-neutral carbon tax.

2015 136

Gothenburg, Sweden develops world’s first zero-emissions zone

AGreenLiving

The Swedish city of Gothenburg is developing the world’s first large-scale zero-emissions city zone. The developers hope to make the city one of the world’s largest-scale testing grounds for zero-emission technologies. If the initiative works as proposed, Gothenburg Green City Zone will implement 100% emission-free transport modes by 2030. “Being able to test new ideas will be decisive for reducing climate emissions at the rate required.

China’s new frontier for VOC regulations

AGreenLiving

China’s new frontier for VOC regulations Shuying Xu Tue, 03/23/2021 – 01:15 As the global economy reawakens after the COVID-19 shutdown, air emissions and VOC enforcement in China remain a hot topic. Air emission reform in China More than a decade ago, national policies laid the groundwork for reducing air emissions in China. This enshrined into law China’s first air emissions management plan and formalized an approach to regional collaboration.

China’s new frontier for VOC regulations

AGreenLiving

China’s new frontier for VOC regulations Shuying Xu Tue, 03/23/2021 – 01:15 As the global economy reawakens after the COVID-19 shutdown, air emissions and VOC enforcement in China remain a hot topic. Air emission reform in China More than a decade ago, national policies laid the groundwork for reducing air emissions in China. This enshrined into law China’s first air emissions management plan and formalized an approach to regional collaboration.

China 28

"What are the Benefits and Costs of EPA’s Proposed CO2 Regulation?"

Environmental Economics

Second, in addition to quantifying the benefits of climate change impacts associated with CO 2 emissions reductions, EPA quantifies and includes ( the much larger ) benefits of human-health impacts associated with reductions in other (correlated) air pollutants. The Obama Administration’s proposed regulation of existing power-sector sources of CO2has the potential to be cost-effective, and if you accept these numbers, it can also be welfare-enhancing, if not welfare-maximizing.

"VW agrees to $4.3B settlement in emissions scandal"

Environmental Economics

billion draft settlement to end a legal fight with federal regulators over its diesel emissions scandal.    The company said it would pay the fine and also plead guilty to criminal misconduct as part of a criminal and civil settlement with regulators, Reuters reports. In 2015, federal officials revealed that Volkswagen was deliberately skirting emissions testing for some of its diesel vehicles. This is a lot of money: Volkswagen has agreed to a $4.3

2017 109

U.S. To Regulate Emissions From Power Plants And Refineries Despite Opposition

Eco Friendly Daily

Congress passed on legislation this past summer which would have put forth laws for regulating carbon dioxide and various other greenhouse gas emissions. However, President Barack Obama has said that the country will at the very least reduce emissions by seventeen percent based on 2005 numbers by the year 2020. is a major contributor globally, the Obama Administration has decided to regulate emissions from both power plants and petroleum refineries.

New bill regulating carbon offset market could attract farmers

AGreenLiving

The company paid about $2 million to small farmers to plant about 50 million trees that were supposed to absorb all CO2 emissions produced by the plant over 40 years. To address the lack of regulation in carbon offset markets, the U.S. New bill regulating carbon offset market could attract farmers. Some farmers are turning to carbon capture to make cash outside of traditional farming practices. A new Senate bill could help attract even more farmers to these programs.

SCOTUS Further Weakens EPA Power to Regulate Greenhouse Gases

Green (Living) Review

Supreme Court on Monday placed further limits on the Environmental Protection Agency''s already-modest power to regulate power plant and factory emissions of greenhouse gases. SCOTUS ruled in a 2007 case that greenhouse gases emitted by new motor vehicles constitute pollution that is subject to regulation under the Clean Air Act.

Banning Greenhouse Emissions Regulations With Polar Bear ESA Listing Thrown Out By Judge

Eco Friendly Daily

People were concerned that the listing of the polar bear would lead to increased restrictions and changes, especially concerning oil drilling, hunting and the greenhouse gas emission regulations. As for the greenhouse gas regulations, a stipulation was made that the polar bear listing could not influence emissions unless they were within the bear’s habitat.

Should emission interventions be a one-time shock or a series of tightening steps?

Environmental Economics

In modeling the effects of a tightening of emissions regulations, should we treat the regulation as a one-time shock to a dynamic system that puts us on a new path to a better steady state (as implied by this quote), or do we need a series of interventions that prevents reversion to a previous path?

2014 160

New Fracking Regulations Don’t Measure Up

Eco Friendly Daily

The potential exists that fracking increases greenhouse gas emissions , particularly, methane. New Regulations. Environmental Protection Agency (EPA) to introduce new regulations aimed at reducing air pollution. According to the EPA, this will reduce emissions by up to 95 percent. The new regulations apply just to a small portion of the fracking operations, specifically, to those with mineral rights managed by the U.S.

The reports of the death of the EU Emissions Trading System have been greatly exagerated

Environmental Economics

Dallas Burtraw and Anna Malinovskaya: The EU Emissions Trading System (ETS) for carbon dioxide is the world’s largest greenhouse gas trading program in scope and the most important environmental market in the world. The most important change, however, was a tremendous shift in the distribution of the asset value—constituting tens of billions of euros—created under the EU ETS via emissions allowances.

2015 160

Emissions Still Rising

Eco Friendly Daily

Emissions of CO2, methane and nitrogen oxides must be reduced to create sustainable life on this planet. Although attempts have been made to regulate growing emissions, levels of nitrous oxide continue to increase annually by 0.2%, while methane remained stable. ” Limits for emissions of six greenhouse gases are set by Kyoto for the richer countries who have ratified it.

"U.S. Leaves the Markets Out in the Fight Against Carbon Emissions"

Environmental Economics

If utilities facing high costs to cut emissions could, instead, buy allowances to pollute from those who could cut emissions for less, reducing overall pollution would be much cheaper. By 1996, sulfur dioxide emissions had declined by a fifth. There is plenty of evidence of the high cost of regulation.

2015 135

Knowledge Problem: CO2 emission reductions: fracking, recession, renewables?

Environmental Economics

Lynne Kiesling: Several people have pointed out the remarkable fact that carbon dioxide emissions from fossil fuel combustion have fallen almost to 1995 levels. As the Institute for Energy Research noted , The Energy information Administration reports that energy-related carbon dioxide emissions in the United States are 2.4 Why are carbon dioxide emissions on a downward trend?

Aircraft Emissions: Um, Stewardess, Got An Aspirin?

Green Prophet

Aircraft behemoth Boeing estimates at least 90,000 commercial planes fly daily: a massive fuel burn that translates into elephantine emissions of toxic air. If you are not already afraid of the giant plume of methane gas now emitting greenhouses gases into the atmosphere, there’s another worry: air emissions. Airplane emissions are plunked into two broad source categories: stationary (think factories) or mobile: planes, ships, heavy construction equipment.

Shipping Emissions Targeted For Reductions

Eco Friendly Daily

It has been estimated that shipping worldwide contributes approximately one gigaton of carbon dioxide emissions yearly. However, shipping is not regulated under the Kyoto Protocol or globally in terms of carbon emissions. Of the many topics being bounced around at the current climate talks in Cancun, Mexico is the contribution of emissions shipping makes yearly. Their system would rank ships from A-G, with the ships with greater emissions paying larger fees.

EPA greenhouse gas emission limits on new power plants may not be cost minimizing

Environmental Economics

s proposal remain confidential, experts predict that it will include separate standards for carbon dioxide emissions from plants fired by natural gas and by coal. But coal is so heavily laden with carbon that meeting even that higher limit would require operators to scrub carbon dioxide from their emissions before they reach the smokestack, and then pump it into permanent storage underground. Regulating by prices (e.g., Shame on you!

"E.P.A. to Seek 30 Percent Cut in Carbon Emissions by 2030"

Environmental Economics

Just the word "cap-and-trade" gives me goosebumps: The Obama administration on Monday will announce one of the strongest actions ever taken by the United States government to fight climate change, a proposed Environmental Protection Agency regulation to cut carbon pollution from the nation’s power plants 30 percent from 2005 levels by 2030, according to people briefed on the plan who spoke anonymously because they had been asked not to reveal details.

2014 135

Why Price Carbon—Can’t We Just Regulate It?

Sightline Daily

Most Americans—including most Republicans —want to regulate carbon pollution. They’re considering hard emissions caps enforced through limited permits and complemented by an array of targeted policies. Such taxes would nudge the states’ economies toward a clean-energy transition, it’s true, but they would not guarantee that emissions drop to the statutory goals. Can’t we just regulate it?” Polls suggest some voters would actually prefer direct regulation.

TAMassociati envisions a zero-emissions, future-proof urban development

AGreenLiving

The large-scale masterplan also aims to achieve zero emissions with 100% renewable energy. hectares of agricultural area to naturally regulate the city’s climate. The proposal also includes planned energy policy objectives with zero-emission targets, renewable energy systems and environmental monitoring. TAMassociati envisions a zero-emissions, future-proof urban development.

Growth in electric vehicles sales central to closing emissions gap

Green (Living) Review

New frontier of vehicle design represents significant opportunity for the energy sector Electric vehicles play a central role in policy or technology portfolios designed to lower emissions Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council.

2016 100

California May Get Its Emission Standard Afterall

Eco Friendly Daily

Earlier this year, the Environmental Protection Agency rejected a request by the California government to allow a state-wide car emissions standard below the national standard. The EPA made the rejection – they alleged – on the grounds that a streamlined, national regulation would be easier to enforce. Now, sixty House Representatives have backed a bill that would allow states to make their own regulations for car emissions.

"Virginia governor calls for state carbon regulations"

Environmental Economics

Terry McAuliffe (D) signed an executive order on Tuesday directing regulators to formulate rules cracking down on electricity sector carbon emissions. The order requires state officials to convene a working group on carbon emissions and issue a report by the end of the year on potential regulations to limit power plant greenhouse gases.  Climate federalism: Virginia Gov.

2017 109

Federal court dismisses Trump’s rollback on regulating carbon emissions

AGreenLiving

A federal court has turned down the EPA’s efforts to lessen carbon emission regulations for coal plants. Many critics of the regulations say that the rollback would give coal plants too much power in deciding their carbon control actions or lack thereof. Related: EPA finalizes rule to make efforts against climate change more difficult The 2019 regulation would have required individual states to make coal-fired plants more efficient in the long run.

The See-Saw Effect of Global Greenhouse Gas Emissions

Eco Friendly Daily

The International Energy Agency brought some sobering news to the table in terms of global warming, stating that global emissions rose 3.2 Emissions. emissions increased modestly, however, they still fall short of making significant change. Environmental Protection Agency (EPA) estimated that most greenhouse gas emissions have increased. Between 1990 and 2009, emissions rose by 1.7 percent increase in greenhouse gas emissions from China.

Auto Dealer Industry Files Suit to Block CA Emissions Limits

Green Living Ideas

Here we go again…now that California has finally gotten a Clean Air Act waiver from Obama’s Environmental Protection Agency (EPA) to regulate emissions from cars and trucks, the auto dealer industry has responded with a lawsuit. On September 10, 2009, the US Chamber of Commerce and the National Automobile Dealers Association filed [.] [ Auto Dealer Industry Files Suit to Block CA Emissions Limits from Green Living Ideas ].

Auto 46

Emission Trading Nets Big Profits for Businesses

Eco Friendly Daily

Businesses covered under European emissions cap-and-trade schemes are netting billions from the regulations, according to a new economic analysis. They do this by treating emissions permits as assets and passing along the cost of using them up to consumers, without actually reducing emissions. Alternatively, cutting back on the number of credits issued would force industries to actually implement emission cuts.

Earth Overshoot Day: we have just exceeded what Earth can regenerate in a year

A Greener Life

CO2 emissions from domestic air travel and road transport are set to remain 5% below 2019 levels, while international aviation is expected to register 33% below 2019 levels, according to the International Energy Agency (IEA), however as lockdowns are eased this can be expected to rebound.

Earth 83