Do Environmental Markets Cause Environmental Injustice? Evidence from California's Carbon Market / Danae Hernandez-Cortes, Kyle C. Meng.

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Hernandez-Cortes, Danae

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TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w27205.Publication details: Cambridge, Mass. National Bureau of Economic Research 2020.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: Market-based environmental policies are widely adopted on the basis of allocative efficiency. However, there is growing concern that market-induced spatial reallocation of pollution could widen existing pollution concentration gaps between disadvantaged and other communities. We estimate how this "environmental justice gap" changed following the 2013 introduction of California's carbon market, the world's second largest and the one most subjected to environmental justice critiques. Embedding a pollution dispersal model within a program evaluation framework, we find that while EJ gaps across criteria air pollutants were widening prior to 2013, they have since fallen as a consequence of the carbon market.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w27205 (Browse shelf(Opens below))	Not For Loan

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May 2020.

Market-based environmental policies are widely adopted on the basis of allocative efficiency. However, there is growing concern that market-induced spatial reallocation of pollution could widen existing pollution concentration gaps between disadvantaged and other communities. We estimate how this "environmental justice gap" changed following the 2013 introduction of California's carbon market, the world's second largest and the one most subjected to environmental justice critiques. Embedding a pollution dispersal model within a program evaluation framework, we find that while EJ gaps across criteria air pollutants were widening prior to 2013, they have since fallen as a consequence of the carbon market.