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Energy use and CO2 emissions reduction: Integrating pricing and regulatory policies

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  • Howarth, Richard B.
  • Winslow, Margrethe A.

Abstract

We examine integration of pricing and regulatory policies in the abatement of energy-related CO2 emissions. Price-equilibrium models gauge the response of energy users to changing prices and are therefore appropriate for evaluating the impacts of carbon taxes. Technology-cost models estimate the level of energy use and carbon emissions that would arise given full implementation of cost-effective energy-efficient technologies and therefore capture the potential to reduce emissions through non-price regulatory measures. If market failures impede the adoption of cost-effective carbon-abatement technologies, achieving emissions reductions at minimum social cost requires the joint implementation of pricing and regulatory instruments.

Suggested Citation

  • Howarth, Richard B. & Winslow, Margrethe A., 1994. "Energy use and CO2 emissions reduction: Integrating pricing and regulatory policies," Energy, Elsevier, vol. 19(8), pages 855-867.
    • Handle: RePEc:eee:energy:v:19:y:1994:i:8:p:855-867
    DOI: 10.1016/0360-5442(94)90038-8
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    References listed on IDEAS

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    1. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, April.
    2. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
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    Cited by:

    1. Simon Niemeyer, 1998. "Consumer-based carbon reduction incentives," Working Papers in Ecological Economics 9805, Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program.
    2. Adland, Roar & Cariou, Pierre & Wolff, François-Charles, 2018. "Does energy efficiency affect ship values in the second-hand market?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 347-359.
    3. Cowan, Kelly R. & Daim, Tugrul U., 2011. "Review of technology acquisition and adoption research in the energy sector," Technology in Society, Elsevier, vol. 33(3), pages 183-199.
    4. Richard B. Howarth & Alan H. Sanstad, 1995. "Discount Rates And Energy Efficiency," Contemporary Economic Policy, Western Economic Association International, vol. 13(3), pages 101-109, July.
    5. Krause, Florentin, 1996. "The costs of mitigating carbon emissions : A review of methods and findings from European studies," Energy Policy, Elsevier, vol. 24(10-11), pages 899-915.

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