As Parties to the Paris Agreement convene in Poland for COP24, they will be negotiating guidance on the implementation of cooperative approaches, which allow countries to use internationally transferred mitigation outcomes towards their national climate pledges. A new CEEPR Working Paper offers insights from theory and practice to inform the negotiations.
Nuclear power provides more than 20% of Spain's electricity. As each of the 7 plants approaches its 40 year design life, a decision must be made whether to invest in a life extension, considering Spain's goal of reducing GHG emissions. This research shows that life extensions are the least-cost alternative for further reducing GHG emissions.
Market power is typically an important concern in restructured electricity markets. This paper shows that financial traders, who trade alongside physical buyers and sellers, can increase competitiveness and lead to lower consumer prices by effectively competing with generators and restricting their market power.
In this paper, the authors explore role of imperfect information and attentional biases in the context of energy efficiency investments by quantifying how alternative informational interventions affect tenants' acceptance of rent increases in exchange for improved energy efficiency of their heating appliance.
Christopher Knittel, Konstantinos Metaxoglou, Anson Soderbery and Andre Trindade examine the effect of the US Shale Gas Boom on global trade, consumption of coal, and CO2 emissions and the results show that the total quantity of coal traded around in the absence of the Boom is essentially the same as the actual...
A recent paper written by a team of researchers from leading universities, including CEEPR Director Christopher Knittel, has been published in Science today. Read about the conclusions here.
Who would pay for a company to sequester carbon underground? MIT economist Christopher Knittel discusses a potential solution in a Wired article here.
In "The Future of Nuclear Energy in a Carbon-Constrained World," released by the MIT Energy Initiative on Sept. 3, the authors analyze the reasons for the current global stall of nuclear energy...
In a new CEEPR Working Paper, the authors delineate various aspects of equity and fairness that regulators must grapple with when designing electricity tariffs and show that more economically...
Climate and energy policies lead to a declining market for the incumbent technologies in electricity markets. Facing the challenge of closures, incumbent firms have incentives to coordinate...
Data analytics will play a major role in advancing global energy efficiency and high performance building goals nationally and globally. As the fault detection and diagnostics industry emerges and...
A new paper compares EU and US electricity market designs, arguing for a focus on correct price formation in the short-term to incentivize investments and reliability. Increased demand-side...
In light of the decentralization of the power sector, a new CEEPR Working Paper carefully considers how industry structure regulations impacts competition, market development, and the efficiency of...