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 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.

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 24, 2020

The Key to New York’s Green Dreams May Be Turning Quebec Into a Mega-Battery

An article in Bloomberg discusses recent findings from a CEEPR Working Paper on the role of Canadian hydropower for deep decarbonization of the US Northeast.

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...

Feb 3, 2020

MIT CEEPR Ranked Among the World's Top Ten Energy and Resource Policy Think Tanks

For the eighth year in a row, MIT CEEPR has been ranked among the top ten energy policy think tanks in the world, according to the annual “Global Go To Think Tank Index Report."

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 15, 2020

Zeroing in on decarbonization

To avoid the worst impacts of climate change, the world’s electric energy systems must stop producing carbon by 2050. “My work has shown me that we do have the means to tackle the problem..."

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...

Dec 9, 2019

Getting the carbon out of the electricity sector

CEEPR faculty members Paul Joskow, David Keith, Christopher Knittel and Jessika Trancik participated in a recent MIT symposium titled “Decarbonizing the Electricity Sector."

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MIT CEEPR is jointly sponsored by the MIT Sloan School of Management, the MIT Department of Economics, and the MIT Energy Initiative.

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