Q&A: Clare Balboni on environmental economics
In this Q&A with MIT SHASS Communications, Professor Clare Balboni describes the burgeoning influence of economics in understanding climate, energy, and environmental issues.
Grid Impacts of Highway Electric Vehicle Charging
Highway fast-charging (HFC) stations for electric vehicles (EVs) are necessary to address range anxiety concerns and thus to support economy-wide decarbonization goals through the electrification of transportation. The characteristics of HFC electricity demand – their relative inflexibility, high power requirements, and spatial concentration – have the potential to adversely impact grid operations as HFC infrastructure expands.
Learning from Supply Shocks in the Energy Market
In this paper, Bora Ozaltun carries out three studies of the local and global impacts of supply shocks in energy markets, including looking at the relationship between power plants, energy prices and local pollution, analyzing fossil fuel trade networks, and developing a general equilibrium model to isolate trade impacts of the shale revolution.
Energy Storage Investment and Operation in Efficient Electric Power Systems
Variable renewable energy (VRE) resources, mainly wind and solar, are becoming increasingly important sources of electricity in many regions. In a new CEEPR Working Paper, MIT’s Cristian Junge, Dharik Mallapragada, and Richard Schmalensee consider welfare-optimal investment in - and operation of - electric power systems.
An Alternative LACE Study on Solar PV
Renewable generating technologies in the electricity market are often evaluated using the Levelized cost of electricity (LCOE). Using a more holistic approach, this CEEPR Working Paper measures the Levelized Avoided Cost of Electricity (LACE), which considers what it will cost the grid to generate electricity using renewable technology, amortized over its lifetime, to assess the economical value of the renewable generating technology.
Trade-offs in Climate Policy: Combining Low-Carbon Standards with Modest Carbon Pricing
Past research suggests that choosing between these policies involves trade-offs between the relative efficiency and progressivity of carbon pricing on the one hand and the political acceptability of low-carbon standards on the other. To inform policy choice, this paper explores the effects of different combinations of both policies.
In The News
Feb 5, 2021
Registration Open for the 2021 MIT Energy Conference
Held from March 10-12, the 2021 MIT Energy Conference will feature high-profile keynote speakers and panels covering the fossil transition, trends in renewable energy development, and many more.
Dec 14, 2020
The Roosevelt Project Releases Mapping Tool
The Roosevelt Project has created an interactive mapping tool that visualizes the data collected by the research group, down to an individual US county level. You may visit the page here.
Dec 14, 2020
Fall 2020 Newsletter Released
The next issue of the CEEPR Newsletter is now online. Read about research work and other collected news items from the past few months here.
Oct 19, 2020
Going Beyond Default Intensities in an EU Carbon Border Adjustment Mechanism
As part of its Green Deal, the EU is currently preparing a Carbon Border Adjustment Mechanism (CBAM) that will extend carbon pricing to imports with a view to mitigating carbon leakage concerns....
Oct 2, 2020
A price on carbon would benefit competitive power markets
As federal debate heats up, a Washington Times op-ed co-authored by CEEPR’s Michael Mehling discusses the rationale of carbon pricing in the electricity sector.
Oct 1, 2020
Revamped MIT Climate Portal aims to inform and empower the public
MIT today announced a dramatic overhaul of the MIT Climate Portal, climate.mit.edu, which provides timely, science-based information about the causes and consequences of climate change.
Aug 11, 2020
2020 Fall Webinar Series
This series of 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...