Open AccessUnintended Consequences of California’s Cap-and-Trade: An Examination of Industrial Electricity Productivity since California Enacted Assembly Bill 32, the California Global Warming Solutions Act
Author(s) -
James Tanoos
Publication year - 2018
Publication title -
european journal of engineering and technology research
Language(s) - English
Resource type - Journals
ISSN - 2736-576X
DOI - 10.24018/ejeng.2018.3.8.844
Subject(s) - legislation , productivity , production (economics) , revenue , electricity , limiting , greenhouse gas , natural resource economics , agricultural economics , business , unintended consequences , clean air act , air pollution , environmental protection , international trade , economics , environmental science , economic growth , finance , engineering , political science , biology , mechanical engineering , ecology , chemistry , electrical engineering , organic chemistry , law , macroeconomics
Greater American regulatory moving from federal to state governments has resulted in varying levels of environmental legislation and regulation. One example is the cap-and-trade system in California, which has been deemed a success in limiting greenhouse gas emissions as well as in earning revenue for the state. However, the coinciding production rates for polluting organizations has not been analyzed on a macro level. This study examined the air pollution and production rates of electricity organizations operating in California since cap-and-trade went into effect and found that since the legislation took effect, not only did production decreased slightly, but also, contrary to much analysis, the rates of air pollution from these organizations increased sharply.