Missing Out on Going Green? Economic and Health Outcomes of New Jersey's Leaving the Regional Greenhouse Gas Initiative Open Access

Abstract

This paper examines the impact that leaving the Regional Greenhouse Gas Initiative (RGGI) has had on electricity prices and asthma-related health outcomes in New Jersey. Specifying a variety of treatment dates and treatment effect timelines, this research finds that, with regard to either outcome of interest, there was no statistically significant treatment effect. New Jersey did not, as many predicted, experience lower residential electricity prices after leaving the program, nor did the state experience an increase in asthma symptoms or attacks. Results prescribe continued investigation of New Jersey's post-RGGI experience, as well as closer examination of the different ways that participation in the program has affected Maryland and Delaware.

Table of Contents

I. Introduction 1

II. Literature Review 2

III. Methodology 10

IV. Economic Outcomes 11

V. Health Outcomes 22

VI. Conclusion 34

References 35

About this Honors Thesis

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School	Emory College
Department	Economics
Degree	BA
Submission	Honors Thesis
Language	English
Research Field	Economics, General
Keyword	environmental regulation carbon trading asthma climate change electricity prices
Committee Chair / Thesis Advisor	McCarthy, Ian M, Emory University
Committee Members	Reinhardt, Eric, Emory University DePasquale, Christina, Emory University

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