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Handbook of Environmental and Sustainable Finance by Greg N. Gregoriou, Vikash Ramiah

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Chapter 3

Efficiency of U.S. State EPA Emission Rate Goals for 2030

A Data Envelopment Analysis Approach

Greg N. Gregoriou1,  and Vikash Ramiah2     1State University of New York, Plattsburgh, NY, USA     2School of Commerce, University of South Australia, Adelaide, SA, Australia

Abstract

We use Environmental Protection Agency (EPA) data to investigate which U.S. states will be efficient at minimizing their emission rates according to the 2030 goals of the EPA. After reviewing the emerging environmental/sustainable finance literature we find that there is no current finance methodology/study that directly evaluates the efficiency of environmental policies. We have to resort to environmental economics methodology to evaluate the efficiency of the states. ...

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