We develop a dynamic, theoretical model that explains how the diffusion of clean technologies has lead to a decrease in the EPA's criteria pollutants over the past four decades while the U.S. economy has continued to expand over this time. These clean technologies are used in both energy...

In August 2018, the U.S. Environmental Protection Agency (EPA) proposed a new policy – the Affordable Clean Energy rule – to reduce greenhouse gas (GHG) emissions from existing coal-fired electric generating units and power plants. The new rule establishes emissions guidelines, including...