Date of Award:
5-2014
Document Type:
Thesis
Degree Name:
Master of Science (MS)
Department:
Applied Economics
Committee Chair(s)
Man-Keun Kim
Committee
Man-Keun Kim
Committee
Paul M. Jakus
Committee
Reza Oladi
Committee
Hernan Tejeda
Abstract
The dynamic mutual relationship between the Regional Greenhouse Gas Initiative (RGGI) carbon permit price and energy prices in the U.S. is examined. Results show that the RGGI and electricity markets are not closely linked, although the carbon permit price is usually closely interrelated with energy prices. The loose relationship between the RGGI and electricity markets can be explained by the recent low carbon credit demand which stems from the low greenhouse gas (GHG) emissions existent in the particular area covered by the RGGI. The low GHG emissions result from fuel switching due to recent low natural gas prices. Unlike the European Union Emissions Trading Scheme, natural gas is the key driver of the RGGI system.
Checksum
d35dc57d0cf5401b13bb0f2a6969a754
Recommended Citation
Lee, Kangil, "The Regional Greenhouse Gas Initiative and U.S. Energy Markets" (2014). All Graduate Theses and Dissertations, Spring 1920 to Summer 2023. 2325.
https://digitalcommons.usu.edu/etd/2325
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