IDEAS home Printed from https://ideas.repec.org/a/kap/enreec/v2y1992i5p491-512.html
   My bibliography  Save this article

Social cost of CO 2 abatement from energy efficiency and solar power in the United States

Author

Listed:
  • Darwin Hall

Abstract

Frequently cited empirical analyses ask whether we should make the transition from reliance on fossil fuels to reduce greenhouse gas emissions, and conclude that the transition is too costly so we should, instead, focus policy on how to adapt to global warming. This paper makes two improvements in the analysis. First, this empirical analysis accounts for existing low-cost alternatives that are substitutes for fossil fuels. Second, this empirical analysis incorporates existing estimates of externalities from fossil fuels. These two basic improvements in the analysis alter the conclusion; policy should focus on how rapidly and extensively to make the transition from reliance on fossil fuels to the alternatives. The corollary is that we should focus on the efficacy and cost of policy options that are designed to accomplish the transition. Copyright Kluwer Academic Publishers 1992

Suggested Citation

  • Darwin Hall, 1992. "Social cost of CO 2 abatement from energy efficiency and solar power in the United States," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(5), pages 491-512, September.
    • Handle: RePEc:kap:enreec:v:2:y:1992:i:5:p:491-512
    DOI: 10.1007/BF00376831
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/BF00376831
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/BF00376831?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Carmen Difglio & K.G. Duleep & David L. Green, 1990. "Cost Effectiveness of Future Fuel Economy Improvements," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 65-86.
    2. Hadi Dowlatabadi & Winston Harrington, 1990. "Uncertainty And The Cost Of Acid Rain Control," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 43-58, July.
    3. Victor Brajer & Jane V. Hall & Robert Rowe, 1991. "The Value Of Cleaner Air: An Integrated Approach," Contemporary Economic Policy, Western Economic Association International, vol. 9(2), pages 81-91, April.
    4. Schelling, Thomas C, 1992. "Some Economics of Global Warming," American Economic Review, American Economic Association, vol. 82(1), pages 1-14, March.
    5. GERALD R. BEMIS & MICHAEL DoANGELIS, 1990. "Levelized Cost Of Electricity Generation Technologies," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 200-214, July.
    6. Alan S. Manne & Richard G. Richels, 1990. "C02 Emission Limits: An Economic Cost Analysis for the USA," The Energy Journal, , vol. 11(2), pages 51-75, April.
    7. Alan S. Manne & Richard G. Richels, 1991. "Global CO2 Emission Reductions -the Impacts of Rising Energy Costs," The Energy Journal, , vol. 12(1), pages 87-108, January.
    8. Darwin C. Hall, 1990. "Preliminary Estimates Of Cumulative Private And External Costs Of Energy," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 283-307, July.
    9. Jackson, Tim, 1990. "Blueprint for a green economy : by D. Pearce et al Earthscan Publications, London, UK, 1989, 192 pp, [pound sign]6.95," Energy Policy, Elsevier, vol. 18(1), pages 118-121.
    10. Henry Ruderman & Mark D. Levine & James E. McMahon, 1987. "The Behavior of the Market for Energy Efficiency in Residential Appliances Including Heating and Cooling Equipment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 101-124.
    11. Victor Brajer & Jane V. Hall & Robert Rowe, 1991. "The Value Of Cleaner Air: An Integrated Approach," Contemporary Economic Policy, Western Economic Association International, vol. 9(1), pages 81-91, January.
    12. John M. Callaway & Jeffrey E. Englin, 1990. "Economic Valuation Of Acid Deposition Damages," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 59-72, July.
    13. Robert H. Williams, 1990. "Low-Cost Strategies for Coping with CO2 Emission Limits (A Critique of "CO2 Emission Limits: an Economic Cost Analysis for the USA" by Alan Manne and Richard Richels)," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 35-60.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Drennen, Thomas E. & Erickson, Jon D. & Chapman, Duane, 1993. "Solar Power and Climate Change Policy in Developing Countries," Staff Papers 121345, Cornell University, Department of Applied Economics and Management.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Darwin C. Hall, 1990. "Preliminary Estimates Of Cumulative Private And External Costs Of Energy," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 283-307, July.
    2. Ekins, Paul, 1996. "How large a carbon tax is justified by the secondary benefits of CO2 abatement?," Resource and Energy Economics, Elsevier, vol. 18(2), pages 161-187, June.
    3. Zhang, Zhong Xiang, 1998. "Macroeconomic Effects of CO2 Emission Limits: A Computable General Equilibrium Analysis for China," Journal of Policy Modeling, Elsevier, vol. 20(2), pages 213-250, April.
    4. Vlachou, Andriana & Vassos, Spyros & Andrikopoulos, Andreas, 1996. "Energy and environment: Reducing CO2 emissions from the electric power industry," Journal of Policy Modeling, Elsevier, vol. 18(4), pages 343-376, August.
    5. Victor Brajer & Jane V. Hall, 1992. "Recent Evidence On The Distribution Of Air Pollution Effects," Contemporary Economic Policy, Western Economic Association International, vol. 10(2), pages 63-71, April.
    6. Wirl, Franz & Dockner, Engelbert, 1995. "Leviathan governments and carbon taxes: Costs and potential benefits," European Economic Review, Elsevier, vol. 39(6), pages 1215-1236, June.
    7. Steve Sorrell, 2014. "Energy Substitution, Technical Change and Rebound Effects," Energies, MDPI, vol. 7(5), pages 1-24, April.
    8. Rowe, Robert D. & Lang, Carolyn M. & Chestnut, Lauraine G., 1996. "Critical factors in computing externalities for electricity resources," Resource and Energy Economics, Elsevier, vol. 18(4), pages 363-394, December.
    9. Matsuoka, Yuzuru & Kainuma, Mikiko & Morita, Tsuneyuki, 1995. "Scenario analysis of global warming using the Asian Pacific Integrated Model (AIM)," Energy Policy, Elsevier, vol. 23(4-5), pages 357-371.
    10. Spash, Clive L. & Hanley, Nick, 1994. "Cost-benefit analysis and the greenhouse effect," MPRA Paper 38666, University Library of Munich, Germany.
    11. Bhattacharyya, Subhes C., 1996. "Applied general equilibrium models for energy studies: a survey," Energy Economics, Elsevier, vol. 18(3), pages 145-164, July.
    12. Paul Ekins, 1995. "Rethinking the costs related to global warming: A survey of the issues," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 6(3), pages 231-277, October.
    13. Stephen Farber & Alicia Rambaldi, 1993. "Willingness To Pay For Air Quality: The Case Of Outdoor Exercise," Contemporary Economic Policy, Western Economic Association International, vol. 11(4), pages 19-30, October.
    14. VINAYAK Bhattacharjee & CHARLES J. Cicchetti & WILLIAM F. Rankin, 1993. "Energy Utilities, Conservation, And Economic Efficiency," Contemporary Economic Policy, Western Economic Association International, vol. 11(1), pages 69-75, January.
    15. Camille Bann, 2016. "The Economic Valuation of Tropical Forest Land Use Options: A Manual for Researchers," EEPSEA Research Report rr2016033, Economy and Environment Program for Southeast Asia (EEPSEA), revised Mar 2016.
    16. Alan S. Manne, 1991. "Global 2100: An Almost Consistent Model of CO2 Emission Limits," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 127(II), pages 181-197, June.
    17. Hall, Darwin C., 1998. "Albedo and vegetation demand-side management options for warm climates," Ecological Economics, Elsevier, vol. 24(1), pages 31-45, January.
    18. Robert Ayres, 1994. "On economic disequilibrium and free lunch," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 435-454, October.
    19. Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018. "The climate beta," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 258-274.
    20. Peter Read, 2002. "Precautionary climate policy and the somewhat flawed protocol: linking sinks to biofuel and the CDM to the convention," Climate Policy, Taylor & Francis Journals, vol. 2(1), pages 89-95, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:2:y:1992:i:5:p:491-512. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.