Why have greenhouse emissions in RGGI states declined? An econometric attribution to economic, energy market, and policy factors
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The performance of China's regional pilot ETSs is far below that (19-24%) of the Regional Greenhouse Gas Initiative (RGGI), nearing that (7-12%) of the European Union Emissions Trading System (EU ETS), almost equals to that (5-7%) of the Tokyo ETS, and being superior to the California ETS.
“This performance is far below that (19–24%) of the Regional Greenhouse Gas Initiative (RGGI),55,56 nearing that (7–12%) of the European Union Emissions Trading System (EU ETS),57,58 almost equals to that (5–7%) of the Tokyo ETS,59,60 and being superior to the California ETS.61,62”
From Carbon Abatement and Leakage in China's Regional Carbon Emission Trading (2024) · cites this paper as [56]
The Introduction (page unavailable) reports a substantial decline in RGGI-region electricity emissions, and the Results of Simulation Exercise for Emissions Attribution attribute much of the decline to RGGI. But the paper does not give the cited 19–24% performance figure: Table 6 reports that emissions in a no-RGGI scenario would be 41.2% higher than baseline for 2009–2011. The other ETS comparisons have separate citations and are not attributed to this source. (LLM, conf=0.84)
Experimental — accuracy not yet measuredAll of the ex-post evaluations of the EU ETS, the RGGI, and the California ETS indicate that carbon trading can facilitate low-carbon energy transition in regulated firms and regions.
“All of the ex-post evaluations of the EU ETS,71,72 the RGGI,56,63,73 and the California ETS61,74 indicate that carbon trading can facilitate low-carbon energy transition in regulated firms and regions.”
From Carbon Abatement and Leakage in China's Regional Carbon Emission Trading (2024) · cites this paper as [56]
RGGI participating states reduced emissions considerably stronger than non-regulated states, while the carbon price averaged only US$ 3.
“RGGI participating states reduced their emissions considerably stronger compared to non-regulated states62,63, while the carbon price was only US$ 3 on average.”
From Systematic review and meta-analysis of ex-post evaluations on the effectiveness of carbon pricing (2024) · cites this paper as [62]
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- Authors
- Murray, B. C., & Maniloff, P. T.
- Affiliations
- Duke University (US)
- Colorado School of Mines (US)
- Corresponding author
- Murray, Brian C.
- ORCID
- Murray, Brian C.
- Venue
- Energy Economics
- Publisher
- Elsevier BV
- Published
- 2015-09
- Volume
- 51
- Pages
- 581-589
- ISSN
- 0140-9883 (ISSN-L)
- OpenAlex
- W3121455147
- Cited by
- 134
- References
- 22
- Citations by year
- 2026: 11 · 2025: 16 · 2024: 14 · 2023: 8 · 2022: 20 · 2021: 12 · 2020: 19 · 2019: 11 · 2018: 9 · 2017: 6 · 2016: 2 · 2015: 4 · 2014: 2
- FWCI
- 11.59
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Locations
- Energy Economics (publishedVersion)
- SSRN Electronic Journal (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- European Commission
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Renewable energy and sustainable power systems
- Keywords
- Regional Greenhouse Gas Initiative, CO2 emissions, emissions trading, electricity generation, natural gas prices, economic recession, northeastern United States, climate policy
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