Evaluating the Design of Emissions Trading Programs Using Air Quality Models

Evaluating the Design of Emissions Trading Programs Using Air Quality Models PDF Author: Tammy Marie Thompson
Publisher:
ISBN:
Category :
Languages : en
Pages : 272

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Book Description
In order to meet the US EPA's National Ambient Air Quality Standards as set under the provisions of the Clean Air Act, states and regions throughout the United States are designing cap and trade programs aimed at reducing the emissions of the two dominant precursors for ozone, nitrogen oxides (NOx) and Volatile Organic Compounds (VOCs). While emission cap and trade programs are becoming more common, relatively few analyses have examined the air quality implications of moving emissions from one location to another (due to trading of emissions between facilities), from one sector to another (due to the use of technologies such as Plug-in Electric Hybrid Vehicles - PHEVs), and changing the temporal distribution of emissions (through emissions trading among facilities with different temporal profiles). This thesis will examine, in detail, the air quality implications of two emission cap and trade programs. The first program is a NOx trading program that covers Electricity Generating Units (EGUs) in the Northeastern United States. Results show that refining the temporal limits on this cap and trade program, by charging facilities more to emit NOx on days when ozone is most likely to form, has the potential to significantly reduce NOx emissions and ozone concentrations. Additionally, this research also shows that, for this region, the spatial redistribution of NOx emissions due to trading leads to greater ozone reductions than similar amounts of NOx emission reductions applied evenly across all facilities. Analyses also indicate that displacing emissions from the on-road mobile sector (vehicles) to the EGU sector through the use of PHEVs decreases ozone in most areas, but some highly localized areas show increases in ozone concentration. The second trading program examined in this thesis is limited to Houston, Texas, where a VOC trading program is focused on a sub-set of four Highly Reactive Volatile Organic Compounds (HRVOCs), which have been identified as having substantial ozone formation potential. Work presented in this thesis examined whether this trading program, in its current form or in an expanded form, could lead to air pollution hot spots, due to spatial reallocation of emissions. Results show that the program as currently designed is unlikely to lead to ozone hot spots, so no further spatial limitations are required for this program. Expanding the trading to include Other VOCs, fugitive emissions and chlorine emissions, based on reactivity weighted trading, is also unlikely to lead to the formation of ozone hot spots, and could create more flexibility in a trading market that is currently not very active. Based on these air quality modeling results, policy suggestions are provided that may increase participation in the trading market. These case studies demonstrate that use of detailed air analyses can provide improved designs for increasingly popular emission cap and trade programs, with improved understanding of the impacts of modifying spatial and temporal distributions of emissions.

Evaluating the Design of Emissions Trading Programs Using Air Quality Models

Evaluating the Design of Emissions Trading Programs Using Air Quality Models PDF Author: Tammy Marie Thompson
Publisher:
ISBN:
Category :
Languages : en
Pages : 272

Get Book Here

Book Description
In order to meet the US EPA's National Ambient Air Quality Standards as set under the provisions of the Clean Air Act, states and regions throughout the United States are designing cap and trade programs aimed at reducing the emissions of the two dominant precursors for ozone, nitrogen oxides (NOx) and Volatile Organic Compounds (VOCs). While emission cap and trade programs are becoming more common, relatively few analyses have examined the air quality implications of moving emissions from one location to another (due to trading of emissions between facilities), from one sector to another (due to the use of technologies such as Plug-in Electric Hybrid Vehicles - PHEVs), and changing the temporal distribution of emissions (through emissions trading among facilities with different temporal profiles). This thesis will examine, in detail, the air quality implications of two emission cap and trade programs. The first program is a NOx trading program that covers Electricity Generating Units (EGUs) in the Northeastern United States. Results show that refining the temporal limits on this cap and trade program, by charging facilities more to emit NOx on days when ozone is most likely to form, has the potential to significantly reduce NOx emissions and ozone concentrations. Additionally, this research also shows that, for this region, the spatial redistribution of NOx emissions due to trading leads to greater ozone reductions than similar amounts of NOx emission reductions applied evenly across all facilities. Analyses also indicate that displacing emissions from the on-road mobile sector (vehicles) to the EGU sector through the use of PHEVs decreases ozone in most areas, but some highly localized areas show increases in ozone concentration. The second trading program examined in this thesis is limited to Houston, Texas, where a VOC trading program is focused on a sub-set of four Highly Reactive Volatile Organic Compounds (HRVOCs), which have been identified as having substantial ozone formation potential. Work presented in this thesis examined whether this trading program, in its current form or in an expanded form, could lead to air pollution hot spots, due to spatial reallocation of emissions. Results show that the program as currently designed is unlikely to lead to ozone hot spots, so no further spatial limitations are required for this program. Expanding the trading to include Other VOCs, fugitive emissions and chlorine emissions, based on reactivity weighted trading, is also unlikely to lead to the formation of ozone hot spots, and could create more flexibility in a trading market that is currently not very active. Based on these air quality modeling results, policy suggestions are provided that may increase participation in the trading market. These case studies demonstrate that use of detailed air analyses can provide improved designs for increasingly popular emission cap and trade programs, with improved understanding of the impacts of modifying spatial and temporal distributions of emissions.

Emissions Trading Programs

Emissions Trading Programs PDF Author: Thomas H. Tietenberg
Publisher: Routledge
ISBN: 9780754613718
Category : Business & Economics
Languages : en
Pages : 552

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Book Description
A comprehensive collection of leading articles important in the development of the use of emissions trading to control air pollution, from its earliest implementation in the USA in 1976, to its application to global warming in the Kyoto Protocol. Each volume offers an introduction by the editor, Tom Tietenberg, presenting a history of the evolution of the field as well as a guide to the collected papers that follow. Volume One contains the theoretical and empirical work that underpinned the development of this particular policy instrument as well as a discussion of some of the major design issues. Volume Two focuses on implementation and presents examples of the major programs now in existence.

Study of Atmospheric Emission Trading Programs in the United States

Study of Atmospheric Emission Trading Programs in the United States PDF Author: Barakat & Chamberlin
Publisher:
ISBN:
Category : Air
Languages : en
Pages : 186

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Book Description


Emissions Trading

Emissions Trading PDF Author: Thomas Tietenberg
Publisher: Routledge
ISBN: 1136526196
Category : Business & Economics
Languages : en
Pages : 249

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Book Description
First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.

Emissions Trading

Emissions Trading PDF Author: Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 0387736530
Category : Business & Economics
Languages : en
Pages : 281

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Book Description
Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes. They review schemes implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies resulting from the new policy framework.

Emissions Trading

Emissions Trading PDF Author: Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 3642205925
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.

An Evaluation of Air Pollution Programs Utilizing Emissions Trading

An Evaluation of Air Pollution Programs Utilizing Emissions Trading PDF Author: Daniel M. Thyes
Publisher:
ISBN:
Category : Air quality management
Languages : en
Pages : 128

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Book Description


Emissions Trading Programs

Emissions Trading Programs PDF Author: Thomas H. Tietenberg
Publisher: Routledge
ISBN: 9781138734302
Category :
Languages : en
Pages :

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Book Description
This title was first published in 2001. A comprehensive collection of the leading articles important in the development of the use of emissions trading to control air pollution from its earliest implementation in the USA in 1976, to its application to global warming in the Kyoto Protocol.

Evaluating Emissions Trading Programs Using Computer Aided Market Simulations

Evaluating Emissions Trading Programs Using Computer Aided Market Simulations PDF Author: Ivan Alberto Thomann
Publisher:
ISBN:
Category :
Languages : en
Pages : 110

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Book Description


Modeling and Analysis of Nox Emission Trading to Achieve Ozone Standards

Modeling and Analysis of Nox Emission Trading to Achieve Ozone Standards PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
Emission trading programs are incentive-based policy instruments implemented to achieve environmental targets cost-effectively. In these programs, also known as transferable discharge permit (TDP), emission-reduction trading, and cap and trade programs, participants are required to meet established emission reductions goals through control measures or by acquiring TDPs from sources in the market that over-control. TDP programs encourage development and application of innovative control technologies and allow pollution sources more flexibility in complying with regulations. One potential drawback to a market-driven policy such as TDP is that the geographical distribution of emissions resulting from trades could locally degrade air quality if the market is not designed properly. Since such an outcome is generally undesirable, the ability for regulators to predict environmental impacts of trading prior to implementation is very important. The goal of this thesis is to present a general framework for using mathematical optimization to model and analyze different market design features for TDP programs including the potential use of trading restrictions to control the geographic distribution of permits. This framework will provide regulators with a way to identify effective market designs and implement more robust and reliable TDP programs. An important component of this framework is the use of Modeling to Generate Alternatives (MGA) to identify the range of trading outcomes that may occur in response to a TDP program. A case study using this framework was conducted for NOx emission trading in the Charlotte, North Carolina region. The study analyzed alternative trading outcomes generated using MGA, investigated limitations on source size and type in the trading program, and tested the use of zoning restrictions as a way to control the geographical distribution of permits. Trading outcomes were evaluated with respect to cost, air quality, robustness, and reliability. Resul.