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 carbon tax in a way that further reduces their development and slows down their exploitation, which goes further in the direction of resolving the climate problem.
Power-to-Gas could become a central enabler of the transition towards a sustainable economy by reversibly converting electricity to hydrogen. A new paper shows that it will be competitive with fossil-based energy sources so as to solve the challenges of intermittent renewable generation and widespread industrial decarbonization.
Professor Christopher Knittel and CEEPR graduate Elizabeth Murphy delve into the data to determine if conventional thinking regarding Millennials pans out. Their findings indicate there is little difference in preferences for vehicle ownership versus prior generations when controlling for confounding variables.
Fuel-switching is inevitable to achieve deep decarbonization. This has, inter alia, prompted an increasing number of countries to announce coal phase-out mandates in the power sector. This working paper suggest that, when accounting for stranded assets, a decarbonization pathway that is based on gradual transition to renewable energy and initially retains coal generating assets turns out to be less expensive than a strict coal phase-out.
Professor Paul L. Joskow discusses the provisions of Order 1000, its application by ISOs, and examines the evidence to date regarding the development and application of the competitive transmission procurement model in the U.S in this CEEPR Working Paper.
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.
Christopher Knittel and Elizabeth Murphy's recent work on millennial vehicle ownership trends are highlighted in this Economics Opinion piece on Bloomberg.
In an article on Global.ca, a panel of experts, including Prof. Knittel, highlight choices one can make to reduce your carbon footprint.
In this SF Chronicle article, a group of experts, including CEEPR Director Christopher Knittel, weigh in on some of the potential reforms and changes that PG&E may consider.
CEEPR Deputy Director Michael Mehling serves as conference co-chair.
In this paper, researchers find that low-income customers would face bill increases on average in a transition to more economically efficient electricity tariffs. However, they demonstrate that...
A paper written by Professor Paul L. Joskow examines the current and likely future effects on wholesale electricity markets and the challenges these markets face due to the rapid expansion of...