Well setbacks limit California’s oil supply with larger health benefits and employment losses than excise and carbon taxes

Ranjit Deshmukh (), Paige Weber (), Olivier Deschenes, Danae Hernandez-Cortes, Tia Kordell, Ruiwen Lee, Christopher Malloy, Tracey Mangin, Measrainsey Meng, Sandy Sum, Vincent Thivierge, Anagha Uppal, David W. Lea and Kyle C. Meng ()
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Ranjit Deshmukh: University of California Santa Barbara, Bren Hall
Paige Weber: University of California Santa Barbara, Bren Hall
Danae Hernandez-Cortes: University of California Santa Barbara, Bren Hall
Tia Kordell: University of California Santa Barbara, Bren Hall
Ruiwen Lee: University of California Santa Barbara, Bren Hall
Christopher Malloy: University of California Santa Barbara, Bren Hall
Tracey Mangin: University of California Santa Barbara, Bren Hall
Measrainsey Meng: University of California Santa Barbara, Bren Hall
Sandy Sum: University of California Santa Barbara, Bren Hall
Vincent Thivierge: University of California Santa Barbara, Bren Hall
Anagha Uppal: University of California Santa Barbara, Bren Hall
David W. Lea: University of California Santa Barbara, Webb Hall
Kyle C. Meng: University of California Santa Barbara, Bren Hall

Nature Energy, 2023, vol. 8, issue 6, 562-564

Abstract: Compared to excise taxes and carbon taxes, setback restrictions on new oil wells have larger health benefits and worker compensation losses, but are more equitable by bringing greater benefits and lower losses to disadvantaged communities in California. For California to meet green gas emissions (GHG) targets, larger setbacks than currently proposed or additional supply-side policies are needed.

Date: 2023
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DOI: 10.1038/s41560-023-01273-0

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