Lower prices for carbon emissions allowances have posed a crisis of confidence in several trading programs. A new mechanism under the EU ETS appears to be good news for the program, helping allowance prices to stabilize.
Long-run changes in the costs of renewables and natural gas as well as technological innovation have cut the cost of emissions reductions in the US electricity sector and made carbon pricing more potent than previously thought.
Analysis of a pilot program to encourage household energy conservation in Texas reveals that messaging interventions to “nudge” consumers reduced energy consumption and had notable effects on consumer behavior.
In the absence of clear theoretical guidance on specific estimable forms for the aggregate GDP-temperature relationship, we consider the implications of model uncertainty for market damages of climate change.
A leaked US government memo proposes preventing the scheduled retirement of coal and nuclear power plants for two years. Using a detailed simulation model, we estimate the effects of such a policy on emissions, mortality, and coal-mine jobs.