Energy economics class inspires students to pursue clean energy careers
In a feature on MIT News, Professor Jing Li discusses course 15.0201/14.43 - Economics of Energy, Innovation, and Sustainability.
The Value of Pumped Hydro Storage for Deep Decarbonization of the Spanish Grid
Pumped hydro storage (PHS) is an old solution to a new problem - the variability of renewable generation. A new CEEPR Working Paper presents a case study of Spain, demonstrating how PHS significantly increases the dispatch of low-carbon technologies and lowers emissions.
Welfare Costs of Catastrophes: Lost Consumption and Lost Lives
In a new CEEPR Working Paper, the authors, which include CEEPR faculty member Professor Robert Pindyck, discuss the economics of catastrophic events such as climate change and global pandemics.
Optimality Conditions and Cost Recovery in Electricity Markets with VRE and Energy Storage
In this CEEPR Working Paper, the authors investigate how variable renewable energy and energy storage impacts the formation of prices and optimal investments in electricity markets, using an analytical approach to derive the system-optimal conditions for installed capacity of all generators and storage devices.
Evidence on the Implicit Carbon Price of Energy Efficiency in Buildings
Based on data for 548 apartment buildings over 16 years, this paper quantifies the implicit price of carbon associated with more than 400 energy efficiency interventions in 240 treated buildings. The results suggest significant heterogeneity in both energy savings and in the cost of carbon abatement associated with frequently subsidized measures such as windows replacement and wall insulation.
MIT Study Highlights Benefits of a Two-way Exchange of Electricity Between the U.S. Northeast and Quebec as Region Decarbonizes
States in the Northeastern U.S. can transition to low-carbon electricity at a lower cost by using hydropower reservoirs in Quebec for energy storage according to a new CEEPR Working Paper.
In The News
Apr 8, 2020
MIT CEEPR Webinars
In lieu of the Spring 2020 Workshop, CEEPR Associates will have access to a series of webinars on May 14, 21, and 28. Please check here for further information.
Feb 11, 2020
Supply chain resilience in the era of climate change
Climate risk is everywhere — from flood, fire, and wind to migrating labor and depleted raw materials. MIT experts, including Chris Knittel, talk about what to do now to harden your supply chain.
Feb 5, 2020
Designing Effective Auctions for Renewable Energy Support
Governments use procurement auctions for renewable energy support to stimulate investment in renewable energy. This Working Paper assesses the effect of prevalent auction design elements on...
Jan 22, 2020
Study: State-level adoption of renewable energy standards saves money and lives
MIT researchers review renewable energy and carbon pricing policies as states consider repealing or relaxing renewable portfolio standards.
Jan 15, 2020
Carbon Price, Competitive Supply, and Consumer Protection
On January 14, 2020, Professor Christopher Knittel testified before the Joint Committee on Telecommunications, Utilities, and Energy at the Massachusetts State House. Read his full statement here.
Jan 9, 2020
Using Machine Learning to Target Treatment: The Case of Household Energy Use
In this Working Paper, the researchers use causal forests to evaluate the heterogeneous treatment effects (TEs) of repeated behavioral nudges towards household energy conservation and find...
Dec 18, 2019
Social Comparison and Energy Conservation in a Collective Action Context
In this CEEPR Working Paper, the authors report results from a social comparison feedback experiment incentivizing a reduction of indoor temperatures during the heating season. Despite the fact...