Trade-offs in Climate Policy: Combining Low-Carbon Standards with Modest Carbon Pricing

Past research suggests that choosing between these policies involves trade-offs between the relative efficiency and progressivity of carbon pricing on the one hand and the political acceptability of low-carbon standards on the other. To inform policy choice, this paper explores the effects of different combinations of both policies.

Going Beyond Default Intensities in an EU Carbon Border Adjustment Mechanism

As part of its Green Deal, the EU is currently preparing a Carbon Border Adjustment Mechanism (CBAM) that will extend carbon pricing to imports with a view to mitigating carbon leakage concerns. This paper outlines a CBAM design that allows producers to demonstrate that their actual carbon intensity lies below the default value.

Distributional Effects of Net Metering Policies and Residential Solar + Storage Adoption

By using a dataset of 100,000 customers’ half-hourly load data and income quintiles from Chicago, IL, the authors of this Working Paper simulate the operation of residential solar and behind-the-meter battery systems under 20%, 45% and 70% adoption levels and calculate both resulting bills as well as cost-shifts for every client.

2020 Fall Webinar Series

This series of webinars will take place from August 27 through December 10 and will cover topics including challenges in electricity markets with high shares of renewables, the economic and environmental impacts of COVID-19, transportation emissions policy, the role of hydrogen in the energy sector, and more. Additional information may be found here as it is updated throughout the Fall semester.

Quantifying the Distributional Impacts of Rooftop Solar Adoption

A new CEEPR Working Paper shows that residential rooftop solar PV adoption under typical electricity tariffs that inefficiently recover residual costs through volumetric charges creates substantial income distributional effects, specifically increasing average expenditures substantially for non-adopters, which tend to be predominantly lower income customers.

In The News

Oct 14, 2020

The Future of the Energy Workforce

Sade Nabahe is a CEEPR Research Assistant working with the Roosevelt Project. Sade shares her experiences interning in Senator Tina Smith’s (D-MN) office as an energy workforce policy fellow.

Oct 2, 2020

A price on carbon would benefit competitive power markets

As federal debate heats up, a Washington Times op-ed co-authored by CEEPR’s Michael Mehling discusses the rationale of carbon pricing in the electricity sector.

Oct 1, 2020

Revamped MIT Climate Portal aims to inform and empower the public

MIT today announced a dramatic overhaul of the MIT Climate Portal, climate.mit.edu, which provides timely, science-based information about the causes and consequences of climate change.

Sep 11, 2020

Axios features Roosevelt Project rollout webinar

In a post on Axios, Amy Harder recaps some highlights from her discussion with MIT's Ernest Moniz during the Roosevelt Project webinar.

Sep 10, 2020

The Roosevelt Project Working Papers Now Available

The first nine Working Papers have been released under the Roosevelt Project, an initiative examining the transitional challenges associated with progress toward a deeply decarbonized U.S. economy....

Aug 21, 2020

State Ownership and Technology Adoption

Many policymakers aim to redirect electric utilities' power plant investments toward renewables. In much of Europe, state-owned and private utilities co-exist in a liberalized market environment,...

Aug 4, 2020

MIT and Wyoming Explore Energy and Climate Solutions

Members of Wyoming’s government and public university met with MIT researchers to discuss climate-friendly economic growth.

Jul 22, 2020

A Multi-control Climate Policy Process for a Designated Decision Maker

Researchers present an idealized model of optimally-controlled climate change, showing that the four methods of controlling climate damage– mitigation, carbon dioxide removal, adaptation, and solar...

Jul 17, 2020

Abatement Strategies and the Cost of Environmental Regulation

Emission standards are one of the primary policy tools used to reduce CO2 emissions in the passenger vehicle market. This Working Paper studies the 2015 introduction of an EU-wide emission standard...

Jul 13, 2020

Evolving Bidding Formats & Pricing Schemes in US and Europe Day-Ahead Electricity Markets

The increasing penetration of renewable energy as well as storage resources requires adapting bidding formats and pricing schemes. Learning from best practices from both sides of the Atlantic, the...

Jul 8, 2020

Competitive Energy Storage and the Duck Curve

Power systems with high penetrations of solar generation need to replace solar output when it falls rapidly in the late afternoon – the duck curve problem. In this paper, Richard Schmalensee...

Jul 1, 2020

The Short-run and Long-run Effects of Covid-19 on Energy and the Environment

In this commentary, the researchers explore how the short-run effects of Covid-19 in reducing CO2 and local air pollutant emissions can easily be outweighed by the long-run effects of a slowing of...

Affiliations

MIT CEEPR is jointly sponsored by the MIT Sloan School of Management, the MIT Department of Economics, and the MIT Energy Initiative.

MIT is a 501(c)(3) institution and gifts or donations made to MIT CEEPR are tax-deductible within the limitations of US federal income tax laws.

Contact

MIT Center for Energy
and Environmental Policy Research

Massachusetts Institute of Technology

77 Massachusetts Avenue, E19-411

Cambridge, MA 01239-4307

Tel: 617-253-3551

Fax: 617-253-9845

Email: ceepr@mit.edu

Directions

Support CEEPR

Subscribe to our Newsletter