MULTIPOLLUTANT EFFICIENCY STANDARDS FOR ELECTRICITY PRODUCTION

Peter M. Schwarz

Contemporary Economic Policy, 2005, vol. 23, issue 3, 341-356

Abstract: This study contains a simulation of a coal‐fired electric plant subject to multiple pollutant standards for SO2 and NOx. It shows that firms may not choose the lowest cost technology. The firm's cost‐minimizing choice is compared for three increasingly stringent standards: the 1990 Clean Air Act Amendments, the 1997 New Source Performance Standards, and the 2002 North Carolina Clean Smokestacks Act. The study finds support on cost‐benefit grounds for the 2002 North Carolina standard, which is the most stringent standard, but not for the 1997 NSPS. (JEL Q28, Q25, L94)

Date: 2005
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