期刊
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
卷 102, 期 -, 页码 -出版社
ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.jeem.2020.102336
关键词
North Dakota; Bakken; Hydraulic fracturing; Flaring; Efficient regulation; Oil and gas
资金
- National Science Foundation
- NBER under the Economics of Energy Markets Grant program [36269.00.03.00]
- Department of Energy
Efficient pollution regulation equalizes marginal abatement costs across sources. We study a new flaring regulation in North Dakota and document its efficiency. We attribute most of the observed flaring reductions at new wells in the state since late 2014 to the regulation. We construct firm-specific marginal abatement cost curves and find that the same quantity of flaring reductions could have been achieved at 44% lower cost by taxing flared gas instead of imposing firm-specific requirements. Taxing flared gas at the existing public lands royalty rate would achieve 99% of the flaring reductions at 46% lower cost. (C) 2020 Elsevier Inc. All rights reserved.
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