Vintage differentiated regulations and plant survival: Evidence from coal-fired power plants

Daniel Coysh, Nick Johnstone, Tomasz Kozluk, Daniel Nachtigall and Miguel Cárdenas Rodríguez

Ecological Economics, 2020, vol. 176, issue C

Abstract: We assess the effect of vintage differentiation of regulations (VDRs) regarding air pollution emission limit values on the survival of coal-fired power plants. We apply survival analysis techniques on a sample of generating units across 31 OECD and non-member countries between 1962 and 2012. We find that greater vintage differentiation is associated with significantly higher age at exit of a plant – by up to 14 years. Using the results, we are able to simulate the trade-off relationship between stringency and vintage differentiation in achieving desired emission levels and demonstrate the magnitude of the potential air pollution impacts.

Keywords: Vintage differentiated regulation; Air pollution; Emission limit values; Coal powered plants; Environmental policies; Exit. (search for similar items in EconPapers)
JEL-codes: Q48 Q50 Q53 Q58 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:176:y:2020:i:c:s0921800919315071

DOI: 10.1016/j.ecolecon.2020.106710

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