Green Expectations: Current Effects of Anticipated Carbon Pricing
Publisher
MIT PRESSCitation
Green Expectations: Current Effects of Anticipated Carbon Pricing 2017, 99 (3):499 The Review of Economics and StatisticsRights
© 2017 The President and Fellows of Harvard College and the Massachusetts Institute of TechnologyCollection Information
This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.Abstract
I report evidence that an anticipated strengthening of environmental policy increased emissions. I find that the breakdown of the U.S. Senate's 2010 climate effort generated positive excess returns in coal futures markets. This response appears to be driven by an increase in coal storage. The proposed legislation aimed to reduce U.S. greenhouse gas emissions after 2013, but the legislative process itself may have increased emissions by over 12 million tons of carbon dioxide leading up to April 2010.Note
24 month embargo; Published online: 17 July 2017ISSN
0034-65351530-9142
Version
Final published versionSponsors
University of Arizona's Renewable Energy NetworkAdditional Links
http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00627ae974a485f413a2113503eed53cd6c53
10.1162/REST_a_00627