An Economic Perspective on the EPA’s Clean Power Plan — Cross-State Coordination Key to Cost-Effective CO2 Reductions

Meredith Fowlie, Lawrence Goulder, Matthew J. Kotchen, Severin Borenstein, James Bushnell, Lucas Davis, Michael Greenstone, Charles Kolstad, Christopher Knittel, Robert N. Stavins, Michael Wara, Frank Wolak and Catherine Wolfram

Chapter 14 in Economics of Environment, Climate Change, and Wine:Selected Papers of Robert N Stavins, Volume 3 (2011–2023), 2025, pp 407-413 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In June, the Obama Administration unveiled its proposal for a Clean Power Plan, which it estimates would reduce carbon dioxide (CO2) emissions from existing U.S. power plants 30 percent below 2005 levels by 2030 (see Figure 1). Power plant emissions have declined substantially since 2005, so the plan is seeking reductions of about 18 percent from current levels. Electricity generation accounts for about 40 percent of U.S. CO2 emissions…

Keywords: Climate Change Economics; Climate Change Policy; Wine Economics; Environmental Economics; Energy Economics; Natural Resource Economics; Energy-Efficiency Gap; Climate Negotiators; Carbon Pricing; Carbon Pricing Policy; Greenhouse; SO2 Allowance Trading System; Clean Air Act; Intergovernmental Panel on Climate Change; Durban Climate Talks; The Paris Agreement; Terroir (search for similar items in EconPapers)
JEL-codes: Q5 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2025
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