The Fall of Coal: Joint Impacts of Fuel Prices and Renewables on Generation and Emissions

• 成果类型: Article
• 署名作者: Fell, Harrison; Kaffine, Daniel T.
• 署名单位: North Carolina State University; University of Colorado System; University of Colorado Boulder
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20150321
• 发表日期: 2018
• 页码: 90-116
• 关键词: natural-gas; electricity-generation; air; policies

摘要

Since 2007, US coal-fired electricity ation has declined by a stunning 25 percent. Detailed daily unit-level data is used to examine the joint impact of natural gas prices and wind generation on coal-fired generation and emissions, with a focus on the interaction between gas prices and wind. This interaction is found to he significant. Marginal responses of coal-fired generation to natural gas prices (wind) in 2013 were larger, sometimes much. larger, than the counterfactual with 2008 wind generation (gas prices). Additionally, these factors jointly account for the vast majority of the observed decline in generation and emissions.