New research suggests a much larger role for the US incremental supply of oil to the global market than before the revolution in unconventional drilling—but the response still takes more time than is typically considered for a “swing” producer.
The Community Risk-Benefit Matrix illustrates and summarizes the literature on the community impacts of unconventional oil and gas development, specifically regarding the prevalence, consistency, and quality of findings across studies and regions.
This report reviews the academic literature analyzing the effect of unconventional oil and gas development on local public finance outcomes including a review on the truck traffic literature, a specific subset of these local government outcomes.
We review the housing market impacts of unconventional oil and gas development, focusing on studies that assess changes in home prices related to proximity to development, lease clauses, rental rates, farm values, and tax base changes.
Jun 23, 2017|
Laura Zachary, Nathan Ratledge |
This report reviews the economic literature examining the effect of unconventional oil and gas development on public education via three main channels—student population, school finances, and the labor market.
We review the literature that analyzes the local economic impacts of an increase in unconventional oil and gas development, including impacts on wages and royalty income, employment, and the effects on long-term growth and economic development.
Federal and state policies that regulate vehicle fuel economy and GHG emissions can overlap and interfere with one another. But carefully constructed state policies can complement federal policies and reduce GHG emissions, air pollution, and congestion.
Current US passenger vehicle fuel economy and greenhouse gas standards will roughly double fuel economy and cut emissions. Recently tightened standards have reduced fuel costs, but have had roughly zero net effect on consumer well-being.
Jun 14, 2017|
Michael Pahle, Dallas Burtraw, Christian Flachsland, Nina Kelsey, Eric Biber, Jonas Meckling, Ottmar Edenhofer, John Zysman |
This report develops a conceptual model of policy sequencing rooted in climate economics and political science as a pathway to achieving the aspirations of the Paris climate agreement. The ideas are illustrated with examples from Germany and California.
Urban bike sharing is gaining popularity for its purported health, environmental, and traffic congestion benefits. Evidence from Washington, DC, one of the most congested US cities, suggests that the Capital Bikeshare program reduces traffic congestion.
Major shifts in federal energy policy under the Trump administration alongside technological and policy changes underway across electricity markets and states raise important questions about the future of US energy policy, at federal and state levels.
May 23, 2017|
Justin Ritchie, Hadi Dowlatabadi |
Energy production techniques have undergone extensive technological change. To understand future dynamics, long-term studies adapt a learning-by-doing model from manufacturing to understand productivity gains. We examine the suitability of this approach.
This paper discusses the challenges of insuring against flood, earthquake, and terrorism losses, and suggests ways to improve public–private partnerships for disaster financing in three interrelated areas: risk communication, reduction, and transfer.
May 19, 2017|
Davide Cerruti, Anna Alberini, Joshua Linn|
Using data on UK vehicle registrations, taxes, and characteristics of new cars, we estimate the effect of the carbon-based Vehicle Excise Duty (VED) system on new vehicle registrations and carbon emissions.
May 11, 2017|
Thor Jensen, Hadi Dowlatabadi |
The impact of residential investment tax credits (2006–2013) for renewable energy varied by type of technology, leading to larger photovoltaic systems and more solar thermal installations, but geothermal systems grew more expensive.
Crediting provisions are key for reducing the costs of meeting regulations to reduce greenhouse gas emissions and fuel use from the light-duty vehicle fleet in the United States. We assess how well the credit markets are working and discuss options to improve efficiency.
This report provides new thinking on the design and implementation of a carbon tax as well as a discussion of various options for border adjustments, regulatory reform, and federal–state program interactions.
This report examines how internal carbon prices are used by companies and electricity regulators to manage regulatory risk, and identifies ways policymakers can offer guidance for companies to manage such risk in uncertain political climates.
We describe China’s state institutions, the electric power control system, and past reform efforts, including the challenges of implementation within the existing governance structure. This context is key for designing future reforms and carbon pricing.
Apr 12, 2017|
H. Ron Chan, B. Andrew Chupp, Maureen L. Cropper, Nicholas Z. Muller |
Enacted under the Clean Air Act Amendments of 1990 with the goal of reducing sulfur dioxide emissions from electric utilities, the Acid Rain Program is often cited as evidence that an emissions trading program can reduce the costs of pollution reduction. A team of researchers examines the compliance costs and health effects realized under the Acid Rain Program compared with a command-and-control alternative.