Environmentally Responsible Energy Pricing [Summary]
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Keywords
Subject: | 2. Cost-Benefit and Cost Effectiveness Analysis
4. Economic Incentives and Other Innovative Approaches
2. Cost-Benefit and Cost Effectiveness Analysis - Major Programs and Media
2. Cost-Benefit and Cost Effectiveness Analysis - Incentives and Related Approaches
4. Economic Incentives and Other Innovative Approaches - Pollution Fees/Charges/Taxes |
Environmental Media: | a. Air
b. Water
c. Land
a. Air - Mobile Source
a. Air - Stationary Source
a. Air - Tropospheric
b. Water - Surface |
Authors: | Viscusi, W. Kip
Magat, Wesley A.
Carlin, Alan
Dreyfus, Mark |
EPA Project Officer/ Manager: | Carlin, Alan |
Geographic Area: | |
Study Purpose: | Methodology Development & Evaluation, Policy Evaluation |
Report Series: | Environmentally Responsible Energy Pricing |
Inventory Record #: EE-0070A
List of all reports in the Series:
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2) Environmentally Responsible Energy Pricing
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Summary
This document summarizes a larger research report (EE-0070B) that explores the full social costs of different energy uses and their implications for pricing the environmental externalities associated with conventional environmental pollution, such as that from lead, particulates, SOX, and ozone to inform the greenhouse warming policy debate. The social costs developed are those implied by a "no regrets" approach to greenhouse warming. The social costs implied often greatly exceed current tax amounts. The midpoint estimates suggest that the price of coal is most out of line with its full social costs. According to the analysis, natural gas is currently overtaxed, and gasoline is appropriately taxed. There is also a substantial range of uncertainty embodied in the no regrets approach.
A later version, dated December 15, 1993, is also available; a copy can be obtained from the NCEE Librarian.
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Date Linked: 05/28/2009