Estimating the Costs and Benefits of Fuel-Economy Standards

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.

Diary of a Wimpy Carbon Tax: Carbon Taxes as Federal Climate Policy

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.

Implementing Negative Emissions Technologies

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.

Spatial and Temporal Variation in the Value of Solar Power across U.S. Electricity Markets

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.

Decentralized Economic Dispatch for Radial Electric Distribution Systems

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 The News

Sep 16, 2019

Advancing Towards Better Modeling Practices When Assessing the Value of Energy Storage in Long-term Energy Planning Studies

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.

Aug 12, 2019

Massachusetts needs congestion pricing now

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.

Jul 1, 2019

MITEI awards seven Seed Fund grants for early-stage energy research

Namrata Kala and Christopher Knittel plan to examine key policy levers for meeting electricity demand and renewable energy growth without jeopardizing system reliability in the developing world.

Jun 29, 2019

Weakening the state’s renewable energy standards is bad for Ohioans’ health

In this commentary, CEEPR Senior Research Associate Emil Dimanchev discusses research on the effects of Ohio’s RPS on air quality and human health.

Jun 28, 2019

The Rise Of American Oil

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...

Jun 17, 2019

On the Efficiency of Competitive Energy Storage

FERC recently issued Order 841, which is intended to open wholesale energy markets to merchant storage providers. In this Working Paper, Prof. Richard Schmalensee explores the validity of the...

Jun 13, 2019

Researchers: Bitcoin's Carbon Footprint Equal to Las Vegas

In The New York Times, Christian Stoll discusses findings first published in a CEEPR Working Paper on the carbon footprint of virtual currency.

May 30, 2019

Millennials Like Cars As Much As Boomers Do

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...

May 7, 2019

Optimal Commodity Taxation with a Non-renewable Resource

When governments need to raise public revenues, they should tax non-renewable resources more than regular commodities according to a dynamic rule. For carbon resources, that means augmenting the...

May 6, 2019

Why reducing carbon emissions from cars and trucks will be so hard

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.

May 1, 2019

State would benefit from preserving nuclear power

In an article on Press&Journal, John Parsons discusses a vital decision about the place nuclear power will have in Pennsylvania's future.

Apr 25, 2019

E7: TIL about carbon pricing

In this episode of TILclimate (Today I Learned: Climate), MIT economics professor Christopher Knittel joins host Laur Hesse Fisher to break down the complexities of carbon pricing.

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