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Environmentally Responsible Energy Pricing
This report 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. Natural gas is currently overtaxed, and gasoline is appropriately taxed. There is also a substantial range of uncertainty embodied in the no regrets approach.
The report is available in this database and has been divided into a number of parts:
- Introductory material
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/TaxesEnvironmental Media:
a. Air - Mobile Source
a. Air - Stationary Source
a. Air - Tropospheric
b. Water - SurfaceAuthors:
Viscusi, W. Kip
Magat, Wesley A.
Gentry, WilliamEPA Project Officer/ Manager:
Carlin, AlanGeographic Area:Study Purpose: Methodology Development & Evaluation, Policy EvaluationReport Series: Environmentally Responsible Energy Pricing
List of all reports in the Series:
- Participating Organizations
Duke University Address:
City: Durham State: NC ZIP:
Environmental Protection Agency, Office of Policy, Planning and Evaluation and Office of Research and Development Address:
City: State: ZIP:
- Report Details
DraftDate: 11/16/1992Number of Pages: 92Grant/Contract #: CA-814388-02
- How to Obtain Report
Part I: Overview of the Full Social Cost Energy Pricing Approach,
Part II: The Full Social Cost Energy Pricing Approach to Greenhouse Warming Policy.
Appendix 2.1 - Summary of Benefits Data
Appendix 2.2 - Summary of Draft New York State Energy Plan - 1991 Biennial Update Issue 9: Energy/environmental Taxes.
Part III: Options for and Discussion of Implementation of Full Social Cost Energy Pricing,
Part IV: Residential Energy Demand and the Taxation of Housing.