Environmental Economics

Environmentally Responsible Energy Pricing [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.

  • 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:
  • Participating Organizations

    Research Organization:

    Duke UniversityAddress:
    City: Durham State: NC ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and Evaluation and Office of Research and DevelopmentAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    05/12/1993
    Number of Pages:
    34
    Comment:
    Grant/Contract #:
    CA-817478-1
  • How to Obtain Report


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    Date Linked: 05/28/2009