Emissions and Health Implications of Pennsylvania’s Entry into the Regional Greenhouse Gas Initiative
Hui Yang, An Pham, Joel R. Landry, Seth Blumsack, Wei Peng
Abstract
, respectively, during 2022-2030. Then, based on a range of source-specific marginal damage estimates, we find the cumulative monetized health cobenefits to be 17.7 to 40.8 billion USD. However, the reduced emissions and health damages in Pennsylvania are slightly offset by increases in the other states in PJM that do not participate in RGGI. Our study hence highlights the potential cross-state leakage issue that warrants careful consideration in the policy design and implementation process.
Topics & Concepts
Greenhouse gasElectricityBusinessEnvironmental scienceNatural resource economicsEnvironmental protectionEngineeringEconomicsEcologyBiologyElectrical engineeringAir Quality and Health ImpactsAtmospheric and Environmental Gas DynamicsClimate Change Policy and Economics