The Costs and Consequences of Clean Air Act Regulation of CO2from Power Plants
研究了美国《清洁空气法》下发电厂温室气体监管的不同政策方案，比较了可交易绩效标准与总量控制与交易政策对电价、资产分配和社会成本的影响。
US climate policy is unfolding under the Clean Air Act. Mobile source and construction permitting regulations are in place. Most important, EPA and the states will determine the form and stringency of the regulations for power plants. Various approaches would create an implicit price on emitting greenhouse gases and create valuable assets that would be distributed differently among electricity producers, consumers, and the government. We compare a tradable performance standard with several cap-and-trade policies. Distributing asset values to fossil-fueled producers and consumers has small effects on average electricity prices but imposes greater social cost than a revenue-raising policy.