Penn Wharton Public Policy Initiative

Publication Date

11-2016

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Volume

4

Number

8

Document Type

Brief

Summary

This brief looks at the costs of implementing the EPA’s Clean Power Plan. Specifically, it examines whether implementing the CPP on a state-by-state basis—that is, with each state meeting its own individual target for emissions reduction by 2030, rather than establishing regional targets—is economically efficient. The economic analysis uses data from electricity-generating firms participating in the Pennsylvania-New Jersey-Maryland (PJM) Interconnection to examine the relative economic efficiency of regional versus state-by-state implementation of the CPP. The research indicates that state-by-state implementation would yield the lowest electricity prices in 2030.

License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Keywords

energy policy, EPA, Clean Power Plan, cost efficiency, emissions, carbon, natural gas, electricity, CO2, best available technology, BAT

The Economic Costs and Benefits of Implementing the Clean Power Plan

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