Why Have Greenhouse Emissions in RGGI States Declined? An Econometric Attribution to Economic, Energy Market and Policy Factors

By B. Murray, Peter Maniloff. 2015

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The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence (2020, background): “…Initiative (in several northeastern U.S. states) has been evaluated by several studies, showing weak or no effects on emission reductions, partially explained by leakage of electricity generation and emissions to other states (Chan & Morrow, 2019; Fell & Maniloff, 2018; Murray & Maniloff, 2015).”
Carbon taxes and greenhouse gas emissions trading systems: what have we learned? (2018, background): “…mitigation policies are energy efficiency and renewable energy initiatives funded by RGGI allowance auction revenue.35 The ETS is estimated to be responsible for about half of the emission reductions by fossil-fired generating plants in RGGI states between 2009 and 2012 (Murray & Maniloff, 2015).”
Carbon pricing in practice: a review of existing emissions trading systems (2018, background): “CO2 emissions in the electricity sector (the sector regulated by RGGI) dropped 52.3% between 2009 and 2012 (Murray & Maniloff, 2015).”
Does carbon pricing reduce emissions? A review of ex-post analyses (2021, background): “In most cases, studies estimate emissions reductions in the sectors covered by the carbon pricing policy, though some extrapolate to broader jurisdictional effects (e.g. Murray and Maniloff 2015, Bayer and Aklin 2020 and Rafaty et al 2020).”