An Analysis of the Economic Impact of Cap-and-Trade Policy on the California Food Processing Industry: A Look at Processed Tomatoes and Dairy Products

Mechel S. Paggi, Fumiko Yamazaki and Srinivasa Konduru

Journal of Food Distribution Research, 2014, vol. 45, issue 01, 10

Abstract: California Cap-and-Trade policy, sets a statewide limit on sources responsible for an estimated 85 percent of the state’s greenhouse gas emissions. To maintain the cap as per the policy, individual industrial facilities in California must obtain enough allowances to cover their emissions either by purchasing allowances at auction or reducing their emissions by operating more efficiently. This research report analyses the economic impact of the Cap-and-Trade policy on the California food processing industry. The results indicate that the average cost of production in tomato processing industry may ultimately increase by 7 to 21 percent and by about 1.5 to 3 percent in dairy product manufacturing industry.

Keywords: Agribusiness; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/164552/files/JFDR%2045%20_1_%208%20Paggi.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jlofdr:164552

DOI: 10.22004/ag.econ.164552

Access Statistics for this article

More articles in Journal of Food Distribution Research from Food Distribution Research Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().