Brian Prest is an economist at Resources for the Future specializing in climate change, electricity markets, and oil and gas economics. Prest uses economic theory and econometric models to improve energy and environmental policies by assessing their impacts on markets and pollution outcomes. His recent work includes evaluating the impacts of federal tax credits for coal use. He is also working to establish an empirical basis for determining discount rates used in the social cost of carbon. His past work includes econometric analysis of the US oil and gas industry, understanding the economic effects of rising temperatures, modeling the market dynamics of climate change policy under policy uncertainty, and assessing household responses to time-varying electricity pricing. His work has appeared in the Journal of the Association of Environmental and Resource Economists, Energy Economics, and The Energy Journal.
Prior to joining RFF, Prest earned his PhD at Duke University and previously worked in both the public and private sectors. At the Congressional Budget Office, he developed economic models of various energy sectors to analyze the effects of proposed legislation, including the 2009 Waxman-Markey cap-and-trade bill and related Clean Electricity Standards. At NERA Economic Consulting, he conducted electricity market modeling, project valuation, and discounted cash flow analysis of various infrastructure investments in the United States, Latin America, Europe, Africa, and Southeast Asia, with a focus on the power sector.
Education
- PhD in environmental and resource economics, Duke University, 2018
- BA in economics, Williams College, 2009
