Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2016.09.016 |
Performance of a cap and trade system for managing environmental impacts of shale gas surface infrastructure | |
Milt, Austin W.; Armsworth, Paul R. | |
2017 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2017 |
卷号 | 131 |
文章类型 | Article |
语种 | 英语 |
国家 | USA |
英文摘要 | Governments across the globe are exploring ways to reduce the environmental and human health impacts created by shale energy production. In active areas, environmental regulations tend to be limited. We apply established instruments to empirically estimated environmental impact abatement cost curves for the development of 56 sites in Pennsylvania, USA. We compare the cost to industry of setting a cap on environmental impacts from land-clearing and building of surface infrastructure under two regulations: cap and trade versus a uniform, inflexible regulation. Greatest differences in cost are achieved when firm-level permits are allocated to reduce market-wide potential impacts by 36%. Cap and trade achieved this cap at a cost of 0.05% of not developing and allowed all development to proceed. The uniform, inflexible regulation cost 32% of not developing for a similar outcome and prevented 18% of firms from developing. Cap and trade's performance depended on the regulator's ability to accurately allocate firm-level permits that reflect developers' options. In extreme cases, inaccurate allocations made cap and trade perform worse than other the approach. We conclude that, where developers differ in their ability and cost of minimizing impacts, cap and trade should be explored as an inexpensive alternative to traditional approaches. (C) 2016 Elsevier B.V. All rights reserved. |
英文关键词 | Shale energy Shale gas infrastructure Environmental policy Conservation planning Spatial optimization |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000388248600036 |
WOS关键词 | NATURAL-GAS ; ECOSYSTEM SERVICES ; MARKET ; BIODIVERSITY ; INSTRUMENTS ; POLICY ; EMISSIONS ; FRACKING ; RISKS |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15694 |
专题 | 资源环境科学 |
作者单位 | Univ Tennessee, Dept Ecol & Evolutionary Biol, 569 Dabney Hall,1416 Circle Dr, Knoxville, TN 37996 USA |
推荐引用方式 GB/T 7714 | Milt, Austin W.,Armsworth, Paul R.. Performance of a cap and trade system for managing environmental impacts of shale gas surface infrastructure[J]. ECOLOGICAL ECONOMICS,2017,131. |
APA | Milt, Austin W.,&Armsworth, Paul R..(2017).Performance of a cap and trade system for managing environmental impacts of shale gas surface infrastructure.ECOLOGICAL ECONOMICS,131. |
MLA | Milt, Austin W.,et al."Performance of a cap and trade system for managing environmental impacts of shale gas surface infrastructure".ECOLOGICAL ECONOMICS 131(2017). |
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