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.
2020 Fall Webinar Series
This series of seven 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.
Overcoming Challenges in Electricity Markets with High Shares of VRE: New Research Insights
In this upcoming webinar on August 27, the authors of two recent CEEPR Working Papers will describe how bidding formats and pricing models are evolving on both sides of the Atlantic to accommodate the operational constraints of renewable energy and energy storage providers, highlighting a number of lessons learned.
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 radiation modification– are not interchangeable, as they enter at different stages of the causal chain that connects GHG emissions to damages.
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 to understand the effects of emission standards for consumers, firms, and the environment.
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 researchers in this Working Paper review current trends and future challenges to properly evolve these market design elements.
In The News
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...
Jun 29, 2020
Public Transit Use Is Associated With Higher Coronavirus Death Rates
An article in the Wall Street Journal discusses findings from a recent CEEPR Working Paper by Christopher Knittel and Bora Ozaltun on COVID-19 death rates.
Jun 25, 2020
Electrifying Transportation: Issues and Opportunities
In this Working Paper, the researchers examine the global implications of electrifying the transportation fleet. Their analysis covers an array of topics including vehicle cost considerations,...
Jun 3, 2020
What We Know and Don't Know About Climate Change, and Implications for Policy
In a new CEEPR Working Paper, Professor Robert Pindyck explains that we face considerable uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue...
May 22, 2020
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...
Apr 13, 2020
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.
Mar 17, 2020
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...