Green Expectations: Current Effects of Anticipated Carbon Pricing
| dc.contributor.author | Lemoine, Derek | |
| dc.date.accessioned | 2017-08-09T23:57:59Z | |
| dc.date.available | 2017-08-09T23:57:59Z | |
| dc.date.issued | 2017-07 | |
| dc.identifier.citation | Green Expectations: Current Effects of Anticipated Carbon Pricing 2017, 99 (3):499 The Review of Economics and Statistics | en |
| dc.identifier.issn | 0034-6535 | |
| dc.identifier.issn | 1530-9142 | |
| dc.identifier.doi | 10.1162/REST_a_00627 | |
| dc.identifier.uri | http://hdl.handle.net/10150/625215 | |
| dc.description.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. | |
| dc.description.sponsorship | University of Arizona's Renewable Energy Network | en |
| dc.language.iso | en | en |
| dc.publisher | MIT PRESS | en |
| dc.relation.url | http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00627 | en |
| dc.rights | © 2017 The President and Fellows of Harvard College and the Massachusetts Institute of Technology. | en |
| dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
| dc.title | Green Expectations: Current Effects of Anticipated Carbon Pricing | en |
| dc.type | Article | en |
| dc.contributor.department | Univ Arizona | en |
| dc.identifier.journal | The Review of Economics and Statistics | en |
| dc.description.note | 24 month embargo; Published online: 17 July 2017 | en |
| dc.description.collectioninformation | 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. | en |
| dc.eprint.version | Final published version | en |
| html.description.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. |
