Environmental regulation and productivity: The case of electricity generation under the CAAA-1990
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文摘
Each coal-fired boiler is designed to burn a particular variety of coal. Deviations from the targeted coal characteristics result in productivity losses. During the phase 1 of the ARP, most boilers switched to lower sulfur coal, others bought allowances, and a few adopted scrubbers. On average, productivity and output dropped between 1%–2.5%, and 1%–6%, respectively. The negative impact on productivity due to scrubbing was larger than that due to fuel switching.

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