The Fall of Coal: Joint Impacts of Fuel Prices and Renewables on Generation and Emissions
American Economic Journal: Economic Policy
vol. 10,
no. 2, May 2018
(pp. 90-116)
(Complimentary)
Abstract
Since 2007, US coal-fired electricity generation has declined by a stunning 25 percent. Detailed daily unit-level data is used to examine the joint impact of natural gas prices and wind generation on coal-fired generation and emissions, with a focus on the interaction between gas prices and wind. This interaction is found to be significant. Marginal responses of coal-fired generation to natural gas prices (wind) in 2013 were larger, sometimes much larger, than the counterfactual with 2008 wind generation (gas prices). Additionally, these factors jointly account for the vast majority of the observed decline in generation and emissions.Citation
Fell, Harrison, and Daniel T. Kaffine. 2018. "The Fall of Coal: Joint Impacts of Fuel Prices and Renewables on Generation and Emissions." American Economic Journal: Economic Policy, 10 (2): 90-116. DOI: 10.1257/pol.20150321Additional Materials
JEL Classification
- L94 Electric Utilities
- L95 Gas Utilities; Pipelines; Water Utilities
- Q35 Hydrocarbon Resources
- Q38 Nonrenewable Resources and Conservation: Government Policy
- Q42 Alternative Energy Sources
- Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
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