Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation

@article{Holland2020DecompositionsAP,
  title={Decompositions and Policy Consequences of an Extraordinary Decline in Air Pollution from Electricity Generation},
  author={Stephen P Holland and Erin T Mansur and Nicholas Z. Muller and Andrew J. Yates},
  journal={American Economic Journal: Economic Policy},
  year={2020},
  volume={12},
  pages={244-274}
}
  • S. Holland, E. Mansur, A. Yates
  • Published 1 November 2020
  • Environmental Science, Economics
  • American Economic Journal: Economic Policy
Using integrated assessment models, we calculate the economic value of the extraordinary decline in emissions from US power plants. Annual local and global air pollution damages fell from 245 to 133 billion USD over 2010–2017. Decomposition shows changes in emission rates and generation shares among coal and gas plants account for more of this decline than changes in renewable generation, electricity consumption, and damage valuations. Econometrically estimated marginal damages declined in… 
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