IDEAS home Printed from https://ideas.repec.org/a/oup/renvpo/v7y2013i1p136-155.html
   My bibliography  Save this article

Policy Monitor A Preliminary Assessment of the American Recovery and Reinvestment Act's Clean Energy Package -super-1

Author

Listed:
  • Joseph E. Aldy

Abstract

The American Recovery and Reinvestment Act included more than $90 billion in strategic clean energy investments intended to promote job creation and deployment of low-carbon technologies. In terms of spending, the clean energy package has been described as the nation's "biggest energy bill in history." This article provides a preliminary assessment of the Recovery Act's clean energy package through a review of the act's rationale, design, and implementation. The article first surveys the policy principles for a clean energy stimulus and describes the process of crafting the clean energy package during the 2008--9 presidential transition. Then the article reviews the initial employment, economic activity, and energy outcomes associated with these energy investments, and it provides a more detailed case study of the Recovery Act's support for renewable power through grants and loan guarantees. The article concludes with a discussion of lessons learned.(JEL: E61, Q48, Q54) Copyright 2013, Oxford University Press.

Suggested Citation

  • Joseph E. Aldy, 2013. "Policy Monitor A Preliminary Assessment of the American Recovery and Reinvestment Act's Clean Energy Package -super-1," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(1), pages 136-155, January.
    • Handle: RePEc:oup:renvpo:v:7:y:2013:i:1:p:136-155
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/reep/res014
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    Citations

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


    Cited by:

    1. Saussay, Aurélien & Sato, Misato & Vona, Francesco & O’Kane, Layla, 2022. "Who’s fit for the low-carbon transition? Emerging skills and wage gaps in job and data," FEEM Working Papers 329079, Fondazione Eni Enrico Mattei (FEEM).
    2. Aldy, Joseph E. & Burtraw, Dallas & Fischer, Carolyn & Fowlie, Meredith & Williams, Roberton C. & Cropper, Maureen L., 2022. "How is the U.S. Pricing Carbon? How Could We Price Carbon?," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 13(3), pages 310-334, October.
    3. Newell, Richard G. & Pizer, William A. & Raimi, Daniel, 2019. "U.S. federal government subsidies for clean energy: Design choices and implications," Energy Economics, Elsevier, vol. 80(C), pages 831-841.
    4. Aldy, Joseph E., 2022. "Learning How to Build Back Better through Clean Energy Policy Evaluation," RFF Working Paper Series 22-15, Resources for the Future.
    5. David Popp & Francesco Vona & Giovanni Marin & Ziqiao Chen, 2020. "The Employment Impact of Green Fiscal Push: Evidence from the American Recovery Act," NBER Working Papers 27321, National Bureau of Economic Research, Inc.
    6. Houde, Sebastien & Aldy, Joseph E., 2014. "Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments," Working Paper Series rwp14-046, Harvard University, John F. Kennedy School of Government.
    7. J Mijin Cha & Caroline Farrell & Dimitris Stevis, 2022. "Climate and Environmental Justice Policies in the First Year of the Biden Administration," Publius: The Journal of Federalism, CSF Associates Inc., vol. 52(3), pages 408-427.
    8. Lim, Taekyoung & Guzman, Tatyana S. & Bowen, William M., 2020. "Rhetoric and Reality: Jobs and the Energy Provisions of the American Recovery and Reinvestment Act," Energy Policy, Elsevier, vol. 137(C).
    9. Aycan Katitas & Sonal Pandya, 2024. "Investment incentives attract foreign direct investment: evidence from the great recession," Public Choice, Springer, vol. 200(1), pages 323-345, July.
    10. Joanna I. Lewis, 2014. "The Rise of Renewable Energy Protectionism: Emerging Trade Conflicts and Implications for Low Carbon Development," Global Environmental Politics, MIT Press, vol. 14(4), pages 10-35, November.
    11. Tibebu, Tiruwork B. & Hittinger, Eric & Miao, Qing & Williams, Eric, 2021. "What is the optimal subsidy for residential solar?," Energy Policy, Elsevier, vol. 155(C).

    More about this item

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    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:oup:renvpo:v:7:y:2013:i:1:p:136-155. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aereeea.html .

    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.