Strategic Subsidies for Green Goods
Should the multilateral trade regime make exceptions for subsidies to environmentally friendly goods? How important are rationales like imperfect competition, scale economies, and underpriced emissions?
- The challenge of climate change creates tremendous value to lowering the global costs of clean energy technologies.
- Upstream strategies to lower manufacturing costs more effectively drive down global technology prices than downstream subsidies to domestic deployment, which can crowd out foreign deployment.
- Scale economies can be realized with deployment subsidies, but upstream subsidies are even more useful.
- Strategic exporters tend to underprovide subsidies to green goods.
Journal Article — Oct 19, 2022
A Retrospective Assessment of COVID-19 Model Performance in the USA
This study presents a worthwhile method for appropriately assessing the performance of probabilistic forecasts and can potentially improve both public health decision-making and COVID-19 modeling.
Journal Article — Oct 3, 2022
Ice Sheet and Climate Processes Driving the Uncertainty in Projections of Future Sea Level Rise
The authors' findings identify key processes and factors that need to be addressed in future modeling and observational studies in order to reduce uncertainties in ice sheet projections.
Journal Article — Jun 27, 2022
Price-Responsive Allowance Supply in Emissions Markets
This paper proposes an efficient, effective way to determine the true cost of environmental goods: "price-responsive supply," which sets pollution allowances by assessing price and quantity together.