The American Opportunity Carbon Fee Act would levy a fee on US greenhouse gas emissions, largely on carbon dioxide. Modeling results illustrate the magnitude of the energy-related emissions reductions—projected to be 36 percent below 2005 levels in 2025.
We develop a framework to analyze the economic implications and emissions market outcomes of linking emissions trading systems with different features, including stringency, and apply it to the potential linking of the California and RGGI trading programs.
Jul 12, 2017|
Antung Anthony Liu, Joshua Linn, Ping Qin, Jun Yang |
To control problems of congestion and air pollution, many cities in developing countries have started to restrict vehicle ownership. Beijing’s license plate lottery has unintentionally reduced the employment rate of women who do not win.
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.
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.