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Title: Equity Impacts of a Market for Clean Air

Citation Type: Miscellaneous

Publication Year: 2023

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Abstract: This paper studies the distribution of benefits from the EPA’s NOx Budget Program, a seasonal cap-and-trade market for NOx emissions. We use electricity generating unit-level data together with a triple di↵erence estimator, a new empirical method to estimate heterogeneous treatment e↵ects, and an air pollution transport model to estimate the market’s impacts on ambient concentration of fine particulate matter. We find that the market improved equity outcomes by reducing the Black-white disparity in electricity sector air pollution. Replacing the market with a counterfactual policy where all coal units reduce their emissions by the same percentage leads to fewer avoided deaths and worse equity outcomes compared to the market based policy.

Url: https://www.paige-weber.com/uploads/1/2/6/7/126784653/nbp_draft_10feb23.pdf

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Authors: Deschenes, Olivier; Weber, Paige

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Data Collections: IPUMS NHGIS

Topics: Natural Resource Management

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