The Housing Market Impacts of Shale Gas Development
Using property value data from New York and Pennsylvania to look at the impacts of proximity to a shale gas well on home values, experts find that the effects differ depending on whether homes have access to piped water versus well groundwater. (Published in the American Economic Review)
Using data from New York and Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from shale gas development that vary with geographic scale and water source. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped water-dependent homes are positively impacted by proximity (although by a smaller amount), suggesting an impact of lease payments. At a broader geographic scale, we find evidence that new wellbores can increase property values, but these effects diminish over time. Undrilled permits, conversely, may cause property values to decrease.
Common Resources — Feb 22, 2024
Modeling Deep Decarbonization in the Industrial Sector: Opportunities and Challenges for Modelers and Policymakers
Decarbonizing the industrial sector is a growing priority. To help produce models with high-quality data that inform policy, transparency and dialogue should be fostered among modeling colleagues, policymakers, and the modeling community.
Report — Feb 21, 2024
Policy Incentives to Scale Carbon Dioxide Removal: Analysis and Recommendations
This report surveys the challenges to scaling carbon dioxide removal efforts in the United States and details short-term solutions and long-run policy frameworks.
On the Issues — Feb 9, 2024
On the Issues: Natural Gas Pause, Clean Energy Equity, and More
A biweekly newsletter connecting global current events, pressing climate and energy policy news, and economics research from RFF scholars. This week: natural gas pause, clean energy equity, and more.
Resources Radio — Feb 6, 2024
Are Increased Exports of US Liquefied Natural Gas in the Public Interest?, with Ben Cahill
Ben Cahill discusses the Biden administration’s recent decision to pause approvals of new facilities that export liquefied natural gas and arguments for and against increasing US exports of natural gas.