This paper estimates the trend of total energy subsidies from year 2003 (that is 16.68 % of GDP) and running a model, predicts that energy subsidies will reach to 20% of GDP by 2019 if subsidies continue. Also environmental damage costs of energy consumption have been entered the model (Environmental Cost-Benefit Analysis Model: ECBA Model) in addition to the vast amounts of subsidies. So damages caused by energy consumption as air pollution and Green House Gases have been considered as an attempt to internalize energy cycle externalities. Using an ECBA Model which considers changes in level of social welfare and environmental quality as probable benefits, the Benefit/Cost ratio for running price reform policy under two scenarios has been analyzed and calculated. The analysis shows that reducing energy subsidies for each energy form is considerably beneficial. Apart from the environmental benefits, the increase in prices can be a base for a redistribution of income within the poor deciles of economy and this policy would increase the government revenue and economic growth in long-term.
- University of Tehran
- An Environmental & Economic Analysis for Reducing Energy ...
New California Regulations Pose Challenges and Potential Economic Benefits for Industrial Facilities
States like California are well on their way to implementing laws, rules, and regulations that call for more community ambient air quality monitoring and greater transparency from the chemical industry. For instance, California Assembly Bill 617, signed into law this July, establishes a statewide air monitoring network and calls for greater community air quality monitoring in and around chemical facilities. At the same time Assembly Bill 1647, signed into law earlier this month, directs local air pollution...
Calculating Economic Impact Of Commercial Organics Ban
Quantitative and qualitative analysis conducted in Massachusetts indicates growth in employment and revenues after implementation of the commercial organics waste ban. Reducing disposal of food materials, and driving food to higher and better uses, are increasingly top priorities all across America and internationally. Wasting food wastes resources that could be put to a much better use, whether to feed people, produce animal feed, or create valuable products and energy through composting or anaerobic digestion....
Green Buildings: Economics and Policies
Introduction Green building has received increased attention over the past decade from both environmental economists and policymakers. While there is no single definition of “green buildings” or its related policy, researchers and organizations tend to emphasize resource efficiency in building and reducing the impacts of buildings on human health and the environment. Thus a growing array of building sector policies have been implemented in the United States and other countries aimed at energy efficienc...
North Dakota To Study Technical And Economic Feasibility Of CCS
On August 10, 2016, Red Trail Energy, LLC, a North Dakota ethanol producer, announced that it, along with the Energy & Environmental Research Center, had been awarded $490,000 to examine the integration of carbon capture and storage (CCS). The study will consist of installing and operating a commercial CCS system in a facility producing approximately 63 million gallons of ethanol and 180,000 tons of CO2, and tracking the technical and economic parameters required. The total project is expected to cost $980,000....
5 ways to break the link between economic development and resource consumption
Efficiency-promoting policies can go a long way toward sustainably boosting growing economies. The world is using its natural resources at an ever-increasing rate. Worldwide, annual extraction of primary materials — biomass, fossil fuels, metal ores and minerals — tripled between 1970 and 2010. People in the richest countries now consume up to 10 times more resources than those in the poorest nations. Clearly, if the developing world is to enjoy a similar standard of living to that of the developed...