Mascia, DV orcid.org/0000-0002-3776-0420 and Onali, E (Cover date: January 2024) Keep calm and carry on emitting: cap-and-trade rules, local emissions and growth. Regional Studies, 58 (1). pp. 220-237. ISSN 0034-3404
Abstract
We estimate the impact of the Cap-and-Trade Program (CATP) in California on regional greenhouse gas emissions and economic growth. Our preferred identification strategies, based on spatial distance and county-level contiguity, fail to provide evidence of a reduction in regional emissions or economic growth due to the CATP. Multi-state organisations do not transfer emissions to non-Californian facilities, but parent-level concentration in emissions changes, consistent with an insofar unexplored form of regulatory arbitrage. Overall, our results highlight the importance of a regional approach when designing climate policies and evaluating their effects.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2023 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent. |
Keywords: | economic growth; regional contiguity; CO2 emissions; climate policy |
Dates: |
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Institution: | The University of Leeds |
Depositing User: | Symplectic Publications |
Date Deposited: | 03 May 2023 15:14 |
Last Modified: | 31 Jan 2024 13:53 |
Status: | Published |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/00343404.2023.2194315 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:198801 |
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Licence: CC-BY-NC-ND 4.0