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Well setbacks limit California’s oil supply with larger health benefits and employment losses than excise and carbon taxes

Author

Listed:
  • Ranjit Deshmukh

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall)

  • Paige Weber

    (University of California Santa Barbara, Bren Hall
    University of North Carolina, Gardner Hall)

  • Olivier Deschenes

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, North Hall
    National Bureau of Economic Research)

  • Danae Hernandez-Cortes

    (University of California Santa Barbara, Bren Hall
    Arizona State University
    Arizona State University)

  • Tia Kordell

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall
    University of California Santa Barbara)

  • Ruiwen Lee

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall
    University of California Santa Barbara)

  • Christopher Malloy

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, North Hall)

  • Tracey Mangin

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall
    University of California Santa Barbara)

  • Measrainsey Meng

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall
    University of California Santa Barbara)

  • Sandy Sum

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall)

  • Vincent Thivierge

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall)

  • Anagha Uppal

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Ellison Hall)

  • David W. Lea

    (University of California Santa Barbara, Webb Hall)

  • Kyle C. Meng

    (University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, Bren Hall
    University of California Santa Barbara, North Hall
    National Bureau of Economic Research)

Abstract

Compared to excise taxes and carbon taxes, setback restrictions on new oil wells have larger health benefits and worker compensation losses, but are more equitable by bringing greater benefits and lower losses to disadvantaged communities in California. For California to meet green gas emissions (GHG) targets, larger setbacks than currently proposed or additional supply-side policies are needed.

Suggested Citation

  • Ranjit Deshmukh & Paige Weber & Olivier Deschenes & Danae Hernandez-Cortes & Tia Kordell & Ruiwen Lee & Christopher Malloy & Tracey Mangin & Measrainsey Meng & Sandy Sum & Vincent Thivierge & Anagha U, 2023. "Well setbacks limit California’s oil supply with larger health benefits and employment losses than excise and carbon taxes," Nature Energy, Nature, vol. 8(6), pages 562-564, June.
    • Handle: RePEc:nat:natene:v:8:y:2023:i:6:d:10.1038_s41560-023-01273-0
    DOI: 10.1038/s41560-023-01273-0
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