Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies
Climate policy has favored costly measures that implicitly or explicitly subsidize lowcarbon fuels.We simulate four transportation sector policies: cap and trade (CAT), ethanol subsidies, a renewable fuel standard (RFS), and a lowcarbon fuel standard. Our simulations confirm that alternatives to CAT...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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MIT Press
2016
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| Online Access: | http://hdl.handle.net/1721.1/101900 https://orcid.org/0000-0002-7654-8641 |
| _version_ | 1811075234953953280 |
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| author | Holland, Stephen P. Hughes, Jonathan E. Parker, Nathan C. Knittel, Christopher Roland |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Holland, Stephen P. Hughes, Jonathan E. Parker, Nathan C. Knittel, Christopher Roland |
| author_sort | Holland, Stephen P. |
| collection | MIT |
| description | Climate policy has favored costly measures that implicitly or explicitly subsidize lowcarbon fuels.We simulate four transportation sector policies: cap and trade (CAT), ethanol subsidies, a renewable fuel standard (RFS), and a lowcarbon fuel standard. Our simulations confirm that alternatives to CAT are 2.5 to 4 times more costly but are amenable to adoption due to right-skewed distributions of gains. We analyze voting on the Waxman-Markey (WM) CAT bill. Conditional on a district’s CAT gains, a district’s RFS gains are negatively correlated with the likelihood of voting for WM. Our analysis supports campaign contributions as a partial mechanism. |
| first_indexed | 2024-09-23T10:02:53Z |
| format | Article |
| id | mit-1721.1/101900 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T10:02:53Z |
| publishDate | 2016 |
| publisher | MIT Press |
| record_format | dspace |
| spelling | mit-1721.1/1019002022-09-26T15:24:18Z Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies Holland, Stephen P. Hughes, Jonathan E. Parker, Nathan C. Knittel, Christopher Roland Sloan School of Management Knittel, Christopher Roland Climate policy has favored costly measures that implicitly or explicitly subsidize lowcarbon fuels.We simulate four transportation sector policies: cap and trade (CAT), ethanol subsidies, a renewable fuel standard (RFS), and a lowcarbon fuel standard. Our simulations confirm that alternatives to CAT are 2.5 to 4 times more costly but are amenable to adoption due to right-skewed distributions of gains. We analyze voting on the Waxman-Markey (WM) CAT bill. Conditional on a district’s CAT gains, a district’s RFS gains are negatively correlated with the likelihood of voting for WM. Our analysis supports campaign contributions as a partial mechanism. University of California, Davis. Institute of Transportation Studies 2016-03-28T19:13:26Z 2016-03-28T19:13:26Z 2015-12 Article http://purl.org/eprint/type/JournalArticle 0034-6535 1530-9142 http://hdl.handle.net/1721.1/101900 Holland, Stephen P., Jonathan E. Hughes, Christopher R. Knittel, and Nathan C. Parker. “Some Inconvenient Truths About Climate Change Policy: The Distributional Impacts of Transportation Policies.” Review of Economics and Statistics 97, no. 5 (December 2015): 1052–1069. © 2015 The President and Fellows of Harvard College and the Massachusetts Institute of Technology https://orcid.org/0000-0002-7654-8641 en_US http://dx.doi.org/10.1162/REST_a_00452 Review of Economics and Statistics Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf MIT Press MIT Press |
| spellingShingle | Holland, Stephen P. Hughes, Jonathan E. Parker, Nathan C. Knittel, Christopher Roland Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies |
| title | Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies |
| title_full | Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies |
| title_fullStr | Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies |
| title_full_unstemmed | Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies |
| title_short | Some Inconvenient Truths about Climate Change Policy: The Distributional Impacts of Transportation Policies |
| title_sort | some inconvenient truths about climate change policy the distributional impacts of transportation policies |
| url | http://hdl.handle.net/1721.1/101900 https://orcid.org/0000-0002-7654-8641 |
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