Hampf, Benjamin ; Løvold Rødseth, Kenneth (2014)
Carbon Dioxide Emission Standards for U.S. Power Plants: An Efficiency Analysis Perspective.
In: Darmstadt Discussion Papers in Economics, (219)
doi: 10.1016/j.eneco.2015.04.001
Artikel, Bibliographie
Kurzbeschreibung (Abstract)
On June 25, 2013, President Obama announced his plan to introduce carbon dioxide emission standards for electricity generation. This paper proposes an efficiency analysis approach that addresses which mission rates (and standards) would be feasible if the existing generating units adopt best practices. A new efficiency measure is introduced and further decomposed to identify different sources’ contributions to emission rate improvements. Estimating two Data Envelopment Analysis (DEA) models - the well-known joint production model and the new materials balance model - on a dataset consisting of 160 bituminous-fired generating units, we find that the average generating unit’s electricity-to-carbon dioxide ratio is 15.3 percent below the corresponding best-practice ratio. Further examinations reveal that this discrepancy can largely be attributed to non-discretionary factors and not to managerial inefficiency. Moreover, even if the best practice ratios could be implemented, the generating units would not be able to comply with the EPA’s recently proposed carbon dioxide standard.
| Typ des Eintrags: | Artikel |
|---|---|
| Erschienen: | 2014 |
| Autor(en): | Hampf, Benjamin ; Løvold Rødseth, Kenneth |
| Art des Eintrags: | Bibliographie |
| Titel: | Carbon Dioxide Emission Standards for U.S. Power Plants: An Efficiency Analysis Perspective |
| Sprache: | Englisch |
| Publikationsjahr: | 5 Februar 2014 |
| Titel der Zeitschrift, Zeitung oder Schriftenreihe: | Darmstadt Discussion Papers in Economics |
| (Heft-)Nummer: | 219 |
| DOI: | 10.1016/j.eneco.2015.04.001 |
| Kurzbeschreibung (Abstract): | On June 25, 2013, President Obama announced his plan to introduce carbon dioxide emission standards for electricity generation. This paper proposes an efficiency analysis approach that addresses which mission rates (and standards) would be feasible if the existing generating units adopt best practices. A new efficiency measure is introduced and further decomposed to identify different sources’ contributions to emission rate improvements. Estimating two Data Envelopment Analysis (DEA) models - the well-known joint production model and the new materials balance model - on a dataset consisting of 160 bituminous-fired generating units, we find that the average generating unit’s electricity-to-carbon dioxide ratio is 15.3 percent below the corresponding best-practice ratio. Further examinations reveal that this discrepancy can largely be attributed to non-discretionary factors and not to managerial inefficiency. Moreover, even if the best practice ratios could be implemented, the generating units would not be able to comply with the EPA’s recently proposed carbon dioxide standard. |
| Freie Schlagworte: | Emission standards; Carbon dioxide emissions; Materials balance condition; Electricity generation; Weak G-disposability; Data Envelopment Analysis |
| Zusätzliche Informationen: | JEL classification: Q53, Q48, D24 |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Empirische Wirtschaftsforschung |
| Hinterlegungsdatum: | 07 Feb 2014 09:42 |
| Letzte Änderung: | 25 Feb 2022 13:33 |
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