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Electric utility response to allowances : from autarkic to market-based compliance
(MIT Center for Energy and Environmental Policy Research, 1998)
Natural gas pricing in the Northeastern U.S.
(MIT Center for Energy and Environmental Policy Research, 1998)
This paper examines natural gas pricing at five citygate locations in the northeastern United States using daily and weekly price series for the years 1994-97. In particular, the effects of the natural gas price at Henry ...
The world price of coal
(MIT Center for Energy and Environmental Policy Research, 1994)
A significant increase in the seaborne trade for coal over the past twenty years has unified formerly separate coal markets into a world market in which prices move in tandem. Due to its large domestic market, the United ...
The cost of reducing utility S02 emissions : not as low as you might think
(MIT Center for Energy and Environmental Policy Research, 1998)
A common assertion in public policy discussions is that the cost of achieving the SO2 emissions reductions under the acid rain provisions of the Clean Air Act ("Title IV") has been only one-tenth or less of what Title IV ...
Explaining low sulfur dioxide allowance prices : the effect of expectation errors and irreversibility
(MIT Center for Energy and Environmental Policy Research, 1998)
The low price of allowances has been a frequently noted featured of the implementation of the sulfur dioxide emissions market of the U.S. Acid Rain Program. This paper presents theoretical and numerical analyses that explain ...
North Sea reserve appreciation, production, and depletion
(MIT Center for Energy and Environmental Policy Research, 1999)
Oil field "growth" has become a well-recognized phenomenon in mature, well-explored provinces such as the United States leading to the continual under-estimation in oil production forecasts. This working paper explores the ...
The competition between coal and natural gas : the importance of sunk costs
(MIT Center for Energy and Environmental Policy Research, 1996)
This paper explores the seeming paradox between the predominant choice of natural gas for capacity additions to generate electricity in the United States and the continuing large share of coal in meeting incremental ...
Why are allowance prices so low? : an analysis of the SO2 emissions trading program
(MIT Center for Energy and Environmental Policy Research, 1996)
This paper presents an analysis of the reduction in SO2 emissions by electric utilities between 1985 and 1993. We find that emissions have been reduced for reasons largely unrelated to the emission reduction mandate ...
1996 update on compliance and emissions trading under the U.S. acid rain program
(MIT Center for Energy and Environmental Policy Research, 1998)
November 1997This paper reports on the second year of compliance with the sulfur dioxide (SO2) emissions-reduction and -trading provisions of the Title IV of the 1990 Clean Air Act Amendments (CAAA). The material is intended ...