Economic and energy impacts from participation in the regional greenhouse gas initiative: A case study of the State of Maryland

Energy Policy

Volumn 36, Issue 6, 2008, Pages 2279-2289

  Ruth, Matthias ^a,b   Gabriel, Steven A ^a,b   Palmer, Karen L ^c   Burtraw, Dallas ^c   Paul, Anthony ^c   Chen, Yihsu ^d   Hobbs, Benjamin F ^e   Irani, Daraius ^f   Michael, Jeffrey ^g   Ross, Kim M ^a   Conklin, Russell ^a   Miller, Julia ^a  

^a UNIVERSITY OF MARYLAND   (United States)

^b UNIVERSITY OF MARYLAND   (United States)

^c RESOURCES FOR THE FUTURE   (United States)

^d UNIVERSITY OF CALIFORNIA   (United States)

^e The Johns Hopkins University   (United States)

^f TOWSON UNIVERSITY   (United States)

^g UNIVERSITY OF THE PACIFIC   (United States)

Author keywords

Cap and trade; Climate change policy; Regional greenhouse gas initiative

Indexed keywords

CLIMATE CHANGE; ECONOMIC ANALYSIS; ENERGY EFFICIENCY; ENERGY POLICY; GREENHOUSE GASES;

CAP-AND-TRADE SYSTEMS; CLIMATE CHANGE MITIGATION POLICY;

EMISSION CONTROL;

CLIMATE CHANGE; DECISION MAKING; ECONOMIC IMPACT; EMISSIONS TRADING; ENERGY EFFICIENCY; ENERGY MARKET; ENVIRONMENTAL POLICY; GREENHOUSE GAS; MITIGATION; STATE ROLE; TRADE-ENVIRONMENT RELATIONS;

MARYLAND; NORTH AMERICA; UNITED STATES;

EID: 43249086922     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2008.03.012     Document Type: Article

References (50)

1. Australian Greenhouse Office. Legislation and Policies Relevant to Emissions Abatement in the Buildings Sector (2007). Viewed at 〈http://www.greenhouse.gov.au/local/reduction/building/relevant.htm l〉
2. Burtraw D., Palmer K., Bharvirkar R., and Paul A. The effect of on asset values of the allocation of carbon dioxide emission allowances. The Electricity Journal 15 5 (2002) 51-62
3. Center for Integrative Environmental Research (CIER). Economic and Energy Impacts from Maryland's Potential Participation in the Regional Greenhouse Gas Initiative. A Study Commissioned by the Maryland Department of the Environment (2007), University of Maryland, College Park, USA. Viewed at 〈http://cier.umd.edu/RGGI/documents/UMD_RGGI_STUDY_FINAL.pdf〉
4. x permits. IEEE Transactions on Power Systems 20 1 (2005) 119-129
5. Chen, Y., Burtraw, D., Hobbs, B.F., Kim, S., Palmer, K., Paul, A., Gabriel, S., 2007. Analyzing the long-run impact of the regional greenhouse gas initiative on the Maryland power sector: oligopoly analysis. In: Presented at 2007 IEEE Power Engineering Society General Meeting, Tampa, Florida, 24-28 June.
6. ® (2007). Press Release, 10 April. Viewed at 〈http://www.chicagoclimateexchange.com/news/press/release_20070410_ Intel.pdf〉
7. Cole W. Australia to Launch Carbon Trading Scheme by 2012 (2007). Reuters, June 3. Viewed at 〈http://www.reuters.com/article/environmentNews/idUSSYD267008200706 03?pageNumber=1〉
8. Conference of New England Governors and Eastern Canadian Premiers (NEG/ECP). Climate Change Action Plan 2001 (2001), The Committee on the Environment and the Northeast International Committee on Energy. August. Viewed at 〈http://www.negc.org/documents/NEG-ECP%20CCAP.PDF〉
9. Connecticut Legislature. (NEW) Section 22a-174-31. Control of Carbon Dioxide Emissions (2007). Viewed at 〈http://www.ct.gov/dep/lib/dep/public_notice_attachments/draft_regu lations/sec31draft122707.pdf〉
10. Department for Environment Food and Rural Affairs (DEFRA). The UK Greenhouse Gas Emissions Trading Scheme (2002). Viewed at 〈http://www.defra.gov.uk/environment/climatechange/trading/uk/pdf/t rading-rules_rev2.pdf〉
11. Dupont. Sustainability in Action, Voluntary Initiatives and Partnerships (2007). Viewed at 〈http://www2.dupont.com/Sustainability/en_US/sustain_action/initiat ives/〉
12. 2 emissions from fossil fuel combustion, 1990-2003 (2003). Viewed at 〈http://www.epa.gov/climatechange/emissions/downloads/CO2FFC_2003.p df〉
13. Exeter Associates and Princeton Energy Resources International. Inventory of Renewable Energy Resources Eligible for the Maryland Renewable Energy Portfolio Standard (2006), Silver Spring, Maryland
14. Government of South Australia. Tackling Climate Change: South Australia's Greenhouse Strategy (2007). Viewed at 〈http://www.greenhouse.sa.gov.au/strategy/targets_2_1_1.htm〉
15. Haar L., and Haar L. Policy-making under uncertainty: commentary upon the European Union Emissions Trading Scheme. Energy Policy 34 (2005) 2615-2629
16. Intergovernmental Panel on Climate Change. Contribution of Working Group I to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Summary for Policymakers (2007). Viewed at 〈http://www.ipcc.ch/WG1_SPM_17Apr07.pdf〉
17. Kruger J.A., and Pizer W.A. Greenhouse gas trading in Europe: the new grand policy experiment. Environment 46 8 (2004) 8-23
18. Kruger J., and Pizer B. Europe Goes to Market: An Update. A Weathervane Commentary (2005). 28 November. Viewed at 〈http://www.weathervane.rff.org/solutions_and_actions/EU_OECD_and_R ussia/Europe_Goes_To_Market_Update.cfm〉
19. Lee C.A. The Nation's First GHG Cap and Trade Program. Carbon Finance North American Workshop NYC (2007). 15 June. Viewed at 〈http://www.go-worldlee.com/resources/ppts/CarbonFinance_RGGI.ppt#2 57〉 1,Carbon Finance North America Workshop NYC Catherine A. Lee, Esq. Consultant to Maine DEP June 15, 2007
20. Litz, F., 2007. Regional greenhouse gas initiative: lessons learned from the design of the nation's first carbon cap-and-trade program. In: Presentation at California Climate Change Center, Market Advisory Committee Meeting. Sacramento, CA, 27 February. Powerpoint viewed at 〈http://www.climatechange.ca.gov/events/2007-02-27_mac_meeting/pres entations/RGGILessonsLearned.ppt〉.
21. Mace, M.J., 2007. International legal instruments to address climate change. In: Rosencranz, A., Schneider, S., Mastrandrea, M. (Eds.), Climate Change Science and Policy. Forthcoming.
22. Maine Legislature. An Act To Establish the Regional Greenhouse Gas Initiative Act of 2007 (2007). Viewed at 〈http://www.mainelegislature.org/legis/bills/chapters/PUBLIC317.asp 〉
23. Maryland General Assembly. Healthy Air Act. 421st session. S.B. 154 (2006). Viewed at 〈http://mlis.state.md.us/2006rs/billfile/sb0154.htm〉
24. Minnesota IMPLAN Group, Inc. (MIG, Inc.), 2006. Viewed at 〈http://www.implan.com〉.
25. Mortishead C. EU States Accused Over 'Permits to Pollute' System (2006), The Time, London 9 October, p. 46
26. National Caucus of Environmental Legislators (NCEL). New Hampshire Passes Nation's First 'Four-Pollutant' Legislation (2002). Viewed at 〈http://www.ncel.net/newsmanager/news_article.cgi?news_id=21〉
27. National Emissions Trading Taskforce (NETT), 2007. Viewed at 〈http://www.emissionstrading.org.au/home〉.
28. New South Wales Greenhouse Office. What is the NSW Greenhouse Plan? (2007). Viewed at 〈http://www.greenhouse.nsw.gov.au/climate_change_in_nsw/greenhouse_ plan〉
29. 2 Budget Trading Program (2006). Viewed at 〈http://www.dec.state.ny.us/website/dar/draft242.html〉
30. 2 Emission Cap and Trade System (2003), International Network for Sustainable Energy. Viewed at 〈http://www.ljudmila.org/sef/stara/Danish%20CO2%20%20Cap%20and%20Tr ade%20preliminary.pdf〉
31. Paul A., and Burtraw D. The RFF Haiku Electricity Market Model. Resources for the Future (2002). Viewed at 〈http://www.rff.org/Documents/RFF-RPT-haiku.pdf〉
32. Pew Center on Global Climate Change (Pew Center). Emissions Trading, JI, CDM Solutions (2007). Viewed at 〈http://www.pewclimate.org/what_s_being_done/in_the_business_commun ity/trading.cfm〉
33. Regional Greenhouse Gas Initiative. Frequently Asked Questions (2005). 20 December. Viewed at 〈http://www.rggi.org/docs/mou_faqs_12_20_05.pdf〉
34. Regional Greenhouse Gas Initiative. Memorandum of Understanding (2005). 20 December. Viewed at 〈http://rggi.org/docs/mou_12_20_05.pdf〉
35. Regional Greenhouse Gas Initiative. States Reach Agreement on Proposed Rules for the Nation's First Cap and Trade Program to Address Climate Change (2006). Press Release, 15 August. Viewed at 〈http://www.rggi.org/docs/model_rule_release_8_15_06.pdf〉
36. Regional Greenhouse Gas Initiative. About RGGI (2007). Viewed at 〈http://www.rggi.org/about.htm〉
37. Regional Greenhouse Gas Initiative. Regional Greenhouse Gas Initiative Model Rule, Final With Corrections (2007). 5 January. Viewed at 〈http://rggi.org/docs/model_rule_corrected_1_5_07.pdf〉
38. Regional Greenhouse Gas Initiative. Second Amendment to Memorandum of Understanding (2007). 20 April. Viewed at 〈http://rggi.org/docs/mou_second_amend.pdf〉
39. Ruth M. The Economics of sustainability and the sustainability of economics. Ecological Economics 56 3 (2006) 332-342
40. Sagoff, M., 1999. Controlling global climate: the debate over pollution trading. Report from the Institute for Philosophy and Public Policy, Winter, vol. 19(1), pp. 1-6.
41. Sandor R., Bettelheim E.C., and Swingland I.R. An overview of a free-market approach to climate change and conservation. Philosophical Transactions: Mathematical, Physical and Engineering Sciences 36 (2002) 1607-1620
42. 2 cost pass-through and windfall profits in the power sector. Climate Policy 6 (2006) 49-72
43. 2 Taxation in Europe (1998), Edward Elgar Publishers, Cheltenham, England
44. Tietenberg T.H. Emissions Trading Principles and Practice. second ed (2006), RFF Press, Washington, DC
45. UNFCCC. The Kyoto Protocol to the United Nations Framework Convention on Climate Change (1997) 11 December
46. US Energy Information Agency. Annual Energy Outlook (2006) Washington, DC
47. Vermont Legislature. Act Number 123. An Act Relating to Vermont's Participation in the Regional Greenhouse Gas Initiative (2006). H860, 2 May. Viewed at 〈http://www.leg.state.vt.us/docs/legdoc.cfm?URL=/docs/2006/acts/ACT 123.HTM〉
48. Vermont Legislature. Regional Coordination to Reduce Greenhouse Gases (2007). Viewed at 〈http://www.leg.state.vt.us/statutes/fullsection.cfm?Title=30&C hapter=005&Section=00255〉
49. Victor D.G., and House J.C. BP's emissions trading system. Energy Policy 34 (2006) 2100-2112
50. Western Regional Climate Action Initiative, 26 February 2007. Viewed at 〈http://www.climatechange.ca.gov/documents/2007-02-26_WesternClimat eAgreementFinal.pdf〉