A team of researchers, including CEEPR Director Christopher Knittel, examine the welfare effects of fuel-economy standards and apply their analytical framework to the recent government proposal to roll them back. They find that the rollback proposal suffers from inconsistencies due to a piecemeal equilibrium analysis, which are highlighted in a new CEEPR Working Paper.
In a new CEEPR Working Paper, Professor Christopher Knittel models the carbon price needed to achieve projected emission reductions under Obama-era vehicle mileage standards, the Clean Power Plan, and a biofuel mandate. He found that a federal carbon price of $7 in 2020 could reduce emissions by the same amount as all of the flagship climate policies adopted by the Obama administration.
Negative emissions technologies (NETs) are increasingly looked to as a lever to achieve committed decarbonization goals. However, such technologies raise urgent technical questions around their risks, costs, and benefits. In a new CEEPR Working Paper, MIT Institute Professor John Deutch presents several options for the creation of a NET innovation program to promote their development and deployment, and discusses their implications.
Researchers combine electricity prices, emissions rates, and weather data to map the changing value of PV at ~10,000 locations across the US. Cost declines are found to have outrun value declines, such that the energy, capacity, health, and climate benefits of PV outweigh utility-scale PV costs at the majority of locations modeled.
Innovative methods for dispatching power at the residential level must be explored as more DERs are entering the market. This CEEPR Working Paper explains how power dispatching works today, and introduces an alternative, decentralized method that accounts for DERs such as rooftop solar and electric vehicles.
In a new journal article, CEEPR's Andrés Inzunza and co-authors analyze how overlooking certain details in energy planning models may lead to an underestimation of the value of energy storage.
In an Op-ed in the Boston Globe, CEEPR faculty member and MIT Sloan Mitsui Career Development Professor David Keith provides insights in response to MassDOT’s report on traffic congestion.
In this commentary, CEEPR Senior Research Associate Emil Dimanchev discusses research on the effects of Ohio’s RPS on air quality and human health.
On the Indicator, an NPR podcast show, Stacey Vanek Smith talks to Christopher Knittel, an economist at MIT, about what caused the turnaround in the oil dynamic between the US and OPEC, and what it...
In The New York Times, Christian Stoll discusses findings first published in a CEEPR Working Paper on the carbon footprint of virtual currency.
Christopher Knittel is P&Qs' Professor of the Week. Everybody knows that Millennials marry later and buy fewer homes than previous generations did. But when it comes to cars, that conventional...
In this article on The Conversation, CEEPR faculty Professors David Keith and Christopher Knittel point out the difficulties facing the transition away from internal combustion engine vehicles.
In an article on Press&Journal, John Parsons discusses a vital decision about the place nuclear power will have in Pennsylvania's future.