Replication data for: Inferring Carbon Abatement Costs in Electricity Markets: A Revealed Preference Approach Using the Shale Revolution

Principal Investigator(s): View help for Principal Investigator(s) Joseph A. Cullen; Erin T. Mansur

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POL2015-0388_data			10/13/2019 05:18:AM
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Project Citation:

Cullen, Joseph A., and Mansur, Erin T. Replication data for: Inferring Carbon Abatement Costs in Electricity Markets: A Revealed Preference Approach Using the Shale Revolution. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-13. https://doi.org/10.3886/E114662V1

Project Description

Summary: This paper examines how carbon pricing would reduce emissions in the electricity sector. Both carbon prices and cheap natural gas reduce the historic cost advantage of coal plants. The shale revolution resulted in unprecedented variation in natural gas prices that we use to estimate the potential near-term effects of carbon prices. Estimates imply that a price of $20 ($70) per ton of CO2 would reduce emissions by 5 (10) percent. Carbon prices are most effective at reducing emissions when natural gas prices are low, but have negligible effects when gas prices are at levels seen prior to the shale revolution.

Scope of Project

JEL Classification:
      L94 Electric Utilities
      L98 Industry Studies: Utilities and Transportation: Government Policy
      Q35 Hydrocarbon Resources
      Q38 Nonrenewable Resources and Conservation: Government Policy
      Q54 Climate; Natural Disasters and Their Management; Global Warming
      Q58 Environmental Economics: Government Policy

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Published Versions

V1 [2019-10-13]

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