DOI: 10.1016/j.enpol.2020.111308
论文题名: When competition plays clean: How electricity market liberalization facilitated state-level climate policies in the United States
作者: Lee N.R.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 139 语种: 英语
中文关键词: Cap-and-trade
; Climate change
; Electricity regulation
; Interest groups
; Market competition
; Renewable portfolio standard
英文关键词: Competition
; Electric industry
; Emission control
; Power markets
; Cap and trade
; Electricity regulations
; Interest groups
; Market competition
; Renewable portfolio standard
; Climate change
英文摘要: Why do some governments adopt policies to mitigate climate change while others do not? In this study, I illustrate the importance of industrial organization in shaping prospects for climate mitigation policy. Using a difference-in-differences analysis, I show that U.S. states which adopt electricity market liberalization laws are subsequently fifteen to forty-three percentage points more likely to adopt a renewable portfolio standard and fifteen to thirty percentage points more likely to adopt a cap-and-trade program. I argue that the forced reduction in market share of incumbent utilities associated with market liberalization laws undermined the political dominance of legacy producers and facilitated the growth of independent power producers (IPPs). Following liberalization, I show how these firms disproportionately benefited from the development of renewable energy, and how their growth in market share corresponded with a rise in political activity, thus offering a countervailing industrial interest-group influence to legacy producers. These findings demonstrate the importance of industrial organization in shaping long-run prospects for climate mitigation. More generally, this study sheds light on how government interventions can shape industrial interest-group dynamics. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167300
Appears in Collections: 气候变化与战略
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作者单位: Political Science, Stanford University, United States
Recommended Citation:
Lee N.R.. When competition plays clean: How electricity market liberalization facilitated state-level climate policies in the United States[J]. Energy Policy,2020-01-01,139