The price-emissions nexus in U.S. residential electricity markets

IF 2.6 3区经济学 Q1 ECONOMICS

Resource and Energy Economics Pub Date : 2025-06-18 DOI:10.1016/j.reseneeco.2025.101513

Maryam Feyzollahi, Nima Rafizadeh

引用次数: 0

Abstract

This study quantifies the impact of residential electricity prices on greenhouse gas (GHG) emissions, addressing a critical gap in climate policy analysis. Using panel data from 48 contiguous U.S. states (1990–2017), we develop a novel decomposition framework for the residential electricity price elasticity of GHG emissions (REPE-GHG) and employ two-step GMM estimation to address price endogeneity and dynamic consumption adjustments. Our results reveal a short-run residential electricity price elasticity of GHG emissions of −0.6% and a long-run elasticity of −5.2%. We find substantial regional heterogeneity, with elasticities in the Midwest and South significantly exceeding those in the Northeast. Moreover, the REPE-GHG exhibits a marked downward trend over time, accelerating post-2005. These findings suggest that uniform national pricing policies may be suboptimal and that price-based interventions become less effective as energy systems evolve.

查看原文本刊更多论文

美国住宅电力市场的价格-排放关系

本研究量化了居民用电价格对温室气体（GHG）排放的影响，解决了气候政策分析中的一个关键空白。利用美国48个相邻州（1990-2017）的面板数据，我们开发了一个新的温室气体排放住宅电价弹性分解框架（REPE-GHG），并采用两步GMM估计来解决价格内生性和动态消费调整问题。我们的研究结果表明，温室气体排放的短期居民电价弹性为- 0.6%，长期弹性为- 5.2%。我们发现了显著的区域异质性，中西部和南部的弹性显著超过东北部。此外，rep - ghg随时间的推移呈现明显的下降趋势，在2005年后呈加速下降趋势。这些发现表明，统一的国家定价政策可能不是最优的，并且随着能源系统的发展，基于价格的干预措施变得不那么有效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Resource and Energy Economics Multiple-

CiteScore

5.40

自引率

0.00%

发文量

期刊介绍： Resource and Energy Economics provides a forum for high level economic analysis of utilization and development of the earth natural resources. The subject matter encompasses questions of optimal production and consumption affecting energy, minerals, land, air and water, and includes analysis of firm and industry behavior, environmental issues and public policies. Implications for both developed and developing countries are of concern. The journal publishes high quality papers for an international audience. Innovative energy, resource and environmental analyses, including theoretical models and empirical studies are appropriate for publication in Resource and Energy Economics.