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Open Access Publications from the University of California

Scholarly Works (4 results)

  • Article
  • Peer Reviewed
UCLA Previously Published Works (2015)
    Cover page: When a National Cap-and-Trade Policy with Carve-out Provision May Be Preferable to a National CO2 Tax
    • Article
    • Peer Reviewed
    UCLA Previously Published Works (2015)
    We analyze the effect of various combinations of state and national emissions policies on national emissions of a global pollutant, specifically, greenhouse gas emissions. We highlight the effect of unintended increases in out-of-state emissions on the efficacy of overlapping state policies. We show that emission taxes do not necessarily prevent a completely offsetting increase in out-of-state emissions when states add a state-level emissions tax to the national emissions tax. In particular, states small relative to their market will be unable to reduce national emissions with a state-level CO2tax or a system of tradable permits. However, under a national cap-and-trade regime that allows states to be carved out, a state of any size can reduce national emissions by setting a tighter state cap. This combination yields a lower total cost than the equivalent combination of national and state CO2 taxes (if one exists) but increases the cost to consumers outside the market.
      Cover page: When a National Cap-and-Trade Policy with Carve-out Provision May Be Preferable to a National CO2 Tax
      • Article
      Recent Work (2012)

      We analyze how the size of the policy jurisdiction affects policy choice for the goal of reducingcarbon dioxide (CO2) emissions from electric power generation. We compare three policies, a CO2 tax, a clean energy standard (CES) and a renewable portfolio standard (RPS). For emissions reduction targets achievable under all three policies, a CO2 tax is the most cost-effective policy, while an RPS is the least cost-effective. However, when the policy region does not cover the entire market, an RPS can achieve larger reductions in CO2 emissions than can a CES or CO2 tax. The smaller the policy region, the larger the difference between the maximum emissions reduction achievable by an RPS and that achievable by a CES or CO2 tax. For a sufficiently small policy region, only a renewables-based policy reduces global emissions.This provides one rationale for small jurisdictions to prefer a renewables-based policy over a pollution-based policy.

        Cover page: The relationship between policy choice and the size of the policy region: Why small jurisdictions may prefer renewable energy policies to reduce CO2 emissions
        • Thesis
        • Peer Reviewed
        UCLA Electronic Theses and Dissertations (2015)

        The essays included in this dissertation analyze three policy issues that have been frequently discussed in recent years. Chapter One analyzes the effects and likelihood of a particular type of manipulation with which the Federal Energy Regulatory Commission has become increasingly concerned and illustrates a potential screen for such manipulation. Chapter Two analyzes the effect a federal climate policy might have given the many state climate policies that are already in place. Finally, Chapter Three examines whether it is economically justified to encourage investment in energy storage (instead of flexible natural gas generation) to compensate for the increasing variability in wind generation.

          Cover page: Economic Analyses of Three Energy Policy Problems
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