Energy use and CO2 emissions reduction: Integrating pricing and regulatory policies

Richard Howarth () and Margrethe A. Winslow

Energy, 1994, vol. 19, issue 8, 855-867

Abstract: We examine integration of pricing and regulatory policies in the abatement of energy-related CO2 emissions. Price-equilibrium models gauge the response of energy users to changing prices and are therefore appropriate for evaluating the impacts of carbon taxes. Technology-cost models estimate the level of energy use and carbon emissions that would arise given full implementation of cost-effective energy-efficient technologies and therefore capture the potential to reduce emissions through non-price regulatory measures. If market failures impede the adoption of cost-effective carbon-abatement technologies, achieving emissions reductions at minimum social cost requires the joint implementation of pricing and regulatory instruments.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:19:y:1994:i:8:p:855-867

DOI: 10.1016/0360-5442(94)90038-8

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