News Spotlights

Helping Mexico Design an Effective Climate Policy

Nov 17, 2017

MIT researchers are working with the Mexican government on carbon pricing options to meet the country’s climate goals under the Paris Agreement.

Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)

Nov 03, 2017

International linkage of climate policies can play an important role in ensuring adequate climate ambition under the Paris Agreement. A new Working Paper looks at the opportunities for – and...

New Study Finds Expected Savings from School Energy Efficiency Upgrade Outpace Actual Returns

Sep 27, 2017

Innovative study finds energy efficiency investments made at California public schools may not provide as much benefit as officials expected.

Fuel-efficient Cars Often Paired with Gas Guzzlers, Study Finds

Sep 26, 2017

A study released Tuesday by economists at UC Davis, Yale, and MIT shows that families who own fuel-efficient cars tend to buy big, powerful gas guzzlers as their second vehicle, largely defeating...

Replacing Coal by Gas: An Effective Strategy to Reduce CO2 Emissions?

Sep 15, 2017

Now more than ever, natural gas is hoped to effectively help shale gas producing regions reduce their CO2 emissions, by largely replacing their coal energy input. At the same time, the domestic...

Black Carbon Problems in Transportation

Aug 17, 2017

Black carbon particulates in “soot” emissions have significant detrimental impacts on public health, climate change and food production; and diesel engines in the transportation sector are a major...

The Behavioral Effect of Pigovian Regulation: Evidence from a Field Experiment

Jul 17, 2017

Market-­based regulation, and in particular Pigovian taxes/subsidies, have the potential to make consumers internalize socially harmful external effects associated with their choices. Recent...

Modeling Unit Commitment in Political Context

May 09, 2017

Electricity sector restructuring processes can undergo long, protracted transition periods that are not well-captured in typical power systems operation models. We create a tractable dispatch...

Early Nuclear Retirements in Deregulated U.S. Markets

Apr 13, 2017

U.S. nuclear reactors have been retiring at an unprecedented pace for the last few years. Tens of gigawatts of zero-emission nuclear capacity are now at risk of retiring prematurely, before the end...

A Green Bargain? Impacts of an Energy Saving Program on China's Iron and Steel Industry

Mar 21, 2017

The impact of environmental regulation on firm productivity has been long been debated, however, mainly for western economies and with limited firm-level evidence. We study the impact of a...

When Do States Disrupt Industries? Electric Cars in Germany and the United States

Mar 17, 2017

When do states drive green industrial change? We show that in mature industries with powerful incumbents the ability of the state to organize private interests in support of technological change is...

Tropical Forests, Tipping Points, and the Social Cost of Deforestation

Mar 17, 2017

The existence of a forest-savanna tipping point implies that changes in forest resilience affect the marginal economic value of a standing forest. We propose a new framework for calculating the...

Anticipation and Environmental Regulation

Feb 10, 2017

Environmental standards can affect new-equipment sales and used-equipment retirements. We identify two additional effects, of anticipation, on the flow and stock of regulated equipment, and discuss...

Limits to Arbitrage in Electricity Markets: A case study of MISO

Jan 30, 2017

Like in other deregulated markets, financial players were introduced to the Midwest electricity market to arbitrage price differences that distort planning decisions. Unlike other markets, this did...

Wind Capacity Investments: Inefficient Drivers and Long-Term Impacts

Jan 23, 2017

In a new CEEPR Working Paper, Ian Schneider and Mardavij Roozbehani explain how existing production-based subsidies for wind energy bias marginal investments to underweight the market value of...

Estimating the Future Supply of Shale Oil: A Bakken Case Study

Jan 19, 2017

How much shale oil do we have left? And how much of that can be recovered economically? A new estimation technique suggests that, in the Bakken play, roughly 8 billion barrels of the remaining...

Are Fuel Economy Standards Regressive?

Dec 29, 2016

The Corporate Average Fuel Economy (CAFE) program was introduced in 1975 with the objective of reducing gasoline consumption. Under CAFE, automakers are required to meet a minimum sales-weighted...

Study Shows Hydraulic Fracturing Boosts Local Economies

Dec 22, 2016

As hydraulic fracturing, or fracing, is poised to play an even more important role in the nation’s energy system in coming years, how can benefits at the national scale—such as lower energy prices,...

E2e Project Update: Evaluating Energy Efficiency Upgrades to K-12 Public Schools in California

Nov 16, 2016

A new working paper by Fiona Burlig, Christopher Knittel, David Rapson, Mar Reguant and Catherine Wolfram1 studies the cost-effectiveness of energy efficiency investments in over 2,000 K-12...

Transatlantic Perspectives on Energy Storage: Technology, Policy and Finance

Oct 23, 2016

Energy storage will play a critical role in enabling the transition to low-carbon electricity systems, providing capacity, energy, and ancillary benefits to help secure a stable and reliable power...

Lower Oil Prices and the U.S. Economy: Is This Time Different?

Oct 08, 2016

Between June 2014 and March 2016, the inflation-adjusted price of oil dropped by 66%, yet average U.S. economic growth accelerated only slightly from 1.8% at annual rates before the oil price...

Efficiency and Equity in Today’s Environmental Policy

Sep 30, 2016

The economics rationale for environmental regulation is simple and strong: private decisions about how much to pollute lead to socially undesirable levels of pollution. We need policy to correct...

Predicting the Unpredictable – Handling Uncertainty in Energy Economics and Management

Sep 12, 2016

Together with partners from German utility and CEEPR Associate Energie Baden-Württemberg AG (EnBW), the University of Duisburg-Essen and the Stiftung Energie & Klimaschutz, MIT CEEPR organized a...

The Economics of Unconventional Oil Development

Sep 01, 2016

According to the latest energy outlook from the U.S. Energy Information Administration, tight oil production was 4.28 Mb/d for 2014 and 4.89 Mb/d for 2015. It is projected to fall to 4.27 Mb/d for...

The Rise of NGO Activism

Jul 12, 2016

In a recent MIT CEEPR working paper, we start with the observation that, since the mid-twentieth century, public regulators have lost public trust. Recent catastrophes, such as the global financial...

2016 CEEPR-EPRG European Energy Policy Conference

Jul 10, 2016

On July 7th and 8th, 2016, CEEPR cooperated with EPRG and Electricité de France to convene the 2016 European Energy Policy Conference in Paris, France. Over 70 participants from research, industry,...

2016 Spring Research Workshop

May 30, 2016

In the development of energy and environmental policy, cooperation between research, industry and policy making is critical. This message was central to the work presented and discussed at the MIT...

MIT joins Carbon Pricing Leadership Coalition

May 20, 2016

MIT has formally joined the Carbon Pricing Leadership Coalition, a global partnership of governments, businesses, and civil society organizations working together with the goal of applying a price...

Emissions Trading in North America and Beyond

May 10, 2016

Against the backdrop of a recent U.S.-Canada Joint Statement on Climate, Energy, and Arctic Leadership that emphasized the role of carbon trading in North American climate cooperation, MIT CEEPR...

University Energy Initiative Symposium

May 01, 2016

On April 29, 2016, CEEPR and the Alfred P. Sloan foundation convened a symposium for the leadership and management of major energy economics and policy research initiatives across the United States.

The E2e Project Awarded $5 Million Grant to Evaluate New Advanced Energy Monitoring System

Apr 24, 2016

The E2e Project is in the process of launching the largest demonstration and evaluation of an innovative energy monitoring system for industrial facilities.

Energy Scenarios: The Value and Limits of Scenario Analysis

Apr 15, 2016

Energy scenarios are a useful tool for industry experts, government officials, academic researchers and the general public to assist in policy-making, planning and investment decisions. Such...

OPEC vs U.S. Shale: Analyzing the Shift to a Market-share Strategy

Apr 08, 2016

In 2014, global oil supply overtook demand and the oil price started to decline. In its November 2014 meeting, OPEC decided not to reduce supply and prices fell further. In its December 2015...

The Impact of Uncertainty on Capacity Remuneration Mechanisms

Mar 12, 2016

Intermittent energy resources increase the volatility of energy supply as well as the associated market clearing prices, creating uncertainty around when the system will experience “scarcity”— the...

Will We Ever Stop Using Fossil Fuels?

Feb 05, 2016

On the heels of a historic climate agreement in Paris, a new study published in the Journal of Economic Perspectives sheds light on the world’s ability to stop using fossil fuels. Its conclusion:...

A Review of the Value of Aggregators in Electricity Systems

Jan 17, 2016

Electricity systems are currently facing significant changes as a result of the deployment of information and communication technologies (ICTs), power electronics, and distributed energy resources...

2015 Fall Research Workshop

Dec 05, 2015

Held in Cambridge, Massachusetts on November 19 and 20, the 2015 Fall Research Workshop brought together over 80 participants for a lively discussion of relevant issues in the broader energy and...

Expectations for the Upcoming Paris Climate Summit

Nov 07, 2015

On November 5, the MIT Center for Energy and Environmental Policy Research (CEEPR) joined the MIT Joint Program on the Science and Policy of Global Change and the Program on Science, Technology,...

Evaluating Regulation Outcomes

Oct 22, 2015

On October 21, Richard Schmalensee, Professor and Dean Emeritus at the MIT Sloan School of Management and former CEEPR Director, spoke at a seminar hosted by Resources for the Future in Washington,...

Ten years of the Renewable Fuel Standard

Oct 21, 2015

In October, a group of experts gathered at the Brookings Institute to discuss the Renewable Fuel Standard, a policy to promote biofuels that was enacted ten years ago. Participants in the event...

Natural Gas Prices and Coal Displacement: Evidence from Electricity Markets

Oct 15, 2015

A recent CEEPR working paper uses data from the U.S. Environmental Protection Agency (EPA) and Energy Information Administration (EIA) along with market models to provide an in depth look at the...

New Study Shedding Light on the Political Economy of Renewable Energy Promotion Policies

Sep 11, 2015

A newly published study co-authored by Christopher R. Knittel shows how the asymmetric distribution of costs and benefits of the 2005 Renewable Fuel Standard (RFS) has implications for voting...

Tom Sudmann Therkildsen

Sep 10, 2015

With great sadness, MIT CEEPR faculty and staff learned of the passing of a long-time friend and supporter, Tom Therkildsen of Statoil ASA. “Tom was one of our most thoughtful and engaged partners...

The Economics and Geopolitics of Natural Gas

Sep 07, 2015

On September 7, 2015, MIT CEEPR Senior Research Scientist Sergey Paltsev visited Istanbul, Turkey, for an invited lecture on the economics and geopolitics of natural gas at Sabanci University.

EPRG-CEEPR European Energy Policy Conference 2015

Jul 15, 2015

On July 9 and 10, CEEPR and EPRG joined forces with Royal Dutch Shell plc to host the 15th installment of the European Energy Policy Conference in London,United Kingdom. Reflecting the disruptive...

2015 Spring Workshop

May 23, 2015

On May 21 and 22, the 2015 Spring Research Workshop brought together around 70 participants for a timely discussion of trends and developments in the energy space.

Faculty Affiliate: Georgia Perakis, William F. Pounds Professor of Management Professor

May 12, 2015

MIT’s Center for Energy and Environmental Policy Research is delighted to welcome a new faculty affiliate: Georgia Perakis, the William F. Pounds Professor of Management and a Professor of...

Subsidies for Green Technology: The Role of Competition and Flexibility

May 12, 2015

Two recent working papers co-authored by Georgia Perakis, the William F. Pounds Professor of Operations Research at the MIT Sloan School of Management and an affiliate of CEEPR examine such factors...

The MIT Future of Solar Energy Study Released

May 05, 2015

On May 5, 2015, the MIT Energy Initiative (MITEI) released a comprehensive new study titled The Future of Solar Energy. As with earlier installments of the highly regarded MIT “Future of … “ report...

CEEPR Recognized Among World's Top Energy Policy Think Tanks

May 04, 2015

For the third year in a row, CEEPR has placed among the top 10 "Energy and Resource Policy Think Tanks in the annual Global Go To Think Tank Index Report

Pricing Carbon to Combat Climate Change - What Can We Learn from British Columbia?

Apr 24, 2015

Sound climate policy makes for good politics. In a nutshell, that was the message conveyed by a high-ranking delegation of government, civil society and business representatives from British...

Unconventional Oil & Gas: Price Impacts and Geopolitical Implications

Apr 22, 2015

On April 22, 2015, CEEPR and the MIT Energy Initiative (MITEI) convened a symposium to address the latest developments in unconventional hydrocarbon exploration, its effects on oil and natural gas...

Conflicting Objectives: How the Cash for Clunkers Stimulus Program Reduced New Vehicle Spending

Apr 08, 2015

Implemented in the midst of the 2009 recession, the U.S. Cash for Clunkers program aimed to boost sales in the struggling automobile industry. A recent CEEPR working paper by Hoekstra, Puller, and...

OPEC's Pricing vs. the Carbon Tax

Apr 01, 2015

In a recent CEEPR working paper, Saraly Andrade de Sá and Julien Daubanes combine empirical estimates to establish that the demand for OPEC’s oil exhibits a less-than-one demand elasticity, in...

When Financial Trading Only Makes Things Worse

Feb 18, 2015

Working with four colleagues in DAS, Dr. John E. Parsons completed a study of a unique type of financial trading known as Virtual Bidding. The research helps understand certain situations in which...

Soft Cooperation in the Shadow of Distributional Conflict? Insights from the Climate Regime

Feb 10, 2015

In climate diplomacy, negotiators frequently reject “technical” initiatives that only require simple coordination, despite the affordable reputational gains they may gain from cooperation....

2014 Fall Research Workshop

Nov 22, 2014

A balanced mix of current themes in the energy and environmental policy debate featured at CEEPR’s 2014 Fall Research Workshop, held in Cambridge, Massachusetts, on November 20 and 21, 2014.

WGBH: CEEPR's Knittel Explains Energy Price Fluctuations

Nov 12, 2014

CEEPR Director Christopher Knittel gives an interview on WGBH radio on energy prices...

EPA Clean Power Plan: Cross-state Coordination Key to Cost-effective Mitigation

Nov 01, 2014

Last June, the U.S. Environmental Protection Agency proposed a rule to limit carbon dioxide emissions from existing U.S. power plants. A new article published in Science magazine on 14 November...

CEEPR Experts Weigh In on Proposed EPA Carbon Regulation

Jul 01, 2014

National media outlets turned to CEEPR experts for early reactions on the EPA's proposed rulemaking on carbon emissions from existing power plants, issued in early June.

CEEPR's Greenstone Comments on Potential Downside of Natural Gas

Jun 03, 2014

CEEPR faculty affiliate Michael Greenstone was cited in a New York Times article on the potential impacts of abundant natural gas on the environment.

Morris Adelman, CEEPR Faculty Affiliate since its Founding in 1977, Passes Away at 96

May 01, 2014

Morris Albert Adelman, a giant in the field of energy economics and a faculty member in the MIT Department of Economics for 40 years, died on May 8 at the age of 96.

Calculating the Costs of Pollution

Apr 24, 2014

In a column in the Los Angeles Times, CEEPR faculty Michael Greenstone, with Francesca Dominici and Cass Sunstein of Harvard University commented on the recent decision by a US Court of Appeals...

Dr. John Parsons joins the Global Markets Advisory Committee of the CFTC

Feb 05, 2014

CEEPR’s Executive Director, Dr. John Parsons, was recently appointed to the Global Markets Advisory Committee of the Commodities Futures Trading Commission (CFTC). The CFTC is the US government...

Study: Ethanol not a major factor in reducing gas prices

Dec 10, 2013

If you have stopped at a gas station recently, there is a good chance your auto has consumed fuel with ethanol blended into it. Yet the price of gasoline is not substantially affected by the volume...

An experiment puts auditing under scrutiny

Oct 19, 2013

The structure of the auditing business appears problematic: Typically, major companies pay auditors to examine their books under the so-called

Climate Change Policy: What do the Models Tell Us?

Sep 15, 2013

Professor Robert Pindyck has a new working paper (CEEPR-WP-2013-007) that has attracted a good share of attention since it steps into the highly charged debate on the reliability of research...

Innovative study estimates extent to which air pollution in China shortens human lives

Jul 08, 2013

A high level of air pollution, in the form of particulates produced by burning coal, significantly shortens the lives of people exposed to it, according to a unique new study of China co-authored...

MIT and UC Berkeley launch energy-efficiency research project

Jun 18, 2013

The E2e Project aims to give decision-makers real-world evidence on the most cost-effective ways to reduce energy and emissions.

Climate Change Policy that Makes Economic Sense

Apr 10, 2013

In this Faculty Forum Online broadcast, Chris Knittel discussed his studies of consumer and company reactions to energy price fluctuations and the implications of this work for effective...

The Economics of Keystone XL

Mar 21, 2013

Would the approval and construction of the Keystone XL pipeline from Alberta, Canada to the US Gulf Coast lead to increased emissions?

E2e Project to Provide Much-Needed Energy Efficiency Research

Feb 28, 2013

In a column in USA Today, CEEPR co-Director Christopher Knittel writes that more research into energy efficiency is needed if Americans are to meet the energy efficiency goal set by President Obama...

Economics Doctoral Students

Dec 01, 2012

MIT Economics doctoral students are researching a wide range of energy and environmental policy issues. Pictured above, from left to right, are Joseph Shapiro, Manasi Abhay Deshpande and Jennifer...

Briefing on the BP Statistical Review of World Energy

Jun 18, 2012

For more than 60 years the BP Statistical Review of World Energy has published some of the most comprehensive analysis on global energy markets.

CFTC Roundtable on the Proposed Volcker Rule

Jun 01, 2012

CEEPR Executive Director Dr. John Parsons

Pushing Forward by Looking Back

May 10, 2012

Michael Greenstone writes in the Washington Post that President Obama

Professor Christopher Knittel

Mar 05, 2012

Knittel is the William Barton Rogers Professor of Energy Economics at the MIT Sloan School of Management, having joined MIT earlier this year.

Future of Electric Grid Report

Dec 05, 2011

On Monday, December 5th, members of the MIT study team presented the results of The Future of the Electric Grid: An MIT Interdisciplinary Study at the National Press Club, 529 14th Street NW,...

CEEPR PhD Students

Oct 15, 2011

Anna Agarwal is a Ph.D. candidate in the department of Civil and Environmental Engineering, and is also pursuing a M.S. in the Technology and Policy Program. Her research focus is on risk...

Future of Natural Gas Report

Sep 04, 2011

MIT has completed a multi-year study on the Future of Natural Gas. This report updates an interim report released in June 2010.

Future of the Nuclear Fuel Cycle Report Release

Apr 08, 2011

MIT has completed a 3-year study on the Future of the Nuclear Fuel Cycle. The study addresses two overarching questions: (1) What are the long-term desirable fuel cycle options and (2) What are the...

IAP Lecture Series Power Systems Economics: Theories and Reality

Jan 15, 2011

Dr. Jean-Pierre Hansen will teach the IAP course

CEEPR Workshop in Tokyo

Oct 05, 2010

CEEPR and MIT’s Joint Program, together with Japan’s Institute of Energy Economics (IEEJ) co-hosted a Workshop on energy and climate change policy in Tokyo on September 30-October 1, 2010. The...

Smart Grid Seminar

Aug 03, 2010

On August 3, 2010, Dr. Zhaoguang Hu, Vice President and Chief Energy Specialist at the State Grid Energy Research Institute and head of the Power Supply and Demand Research Laboratory, presented a...

Symposium in honor of Henry D. Jacoby

Apr 19, 2010

Please join MIT's Joint Program on the Science and Policy of Global Change on JUNE 24 at an Afternoon Symposium to honor and pay tribute to Program Co-Founder and Co-Director, Professor Henry D....

Just published: Pricing Carbon

Apr 01, 2010

The first attempt by any group of nations to establish a hard limit on greenhouse gas emissions

Independent Activities Period (IAP) at MIT

Jan 03, 2010

January is Independent Activities Period (IAP) at MIT. Students at MIT

MIT Economics Ph.D. students

Oct 10, 2009

MIT Economics Ph.D. students are researching a wide range of energy and environmental policy issues. Pictured above, from left to right, are Mar Reguant, Tatyana Deryugina, Nicholas Ryan and Joseph...

CEEPR Research Assistants

Jun 10, 2009

Student participation in CEEPR research is integral to MIT educational mission.

MITEI Celebrates 70th Birthday of Professor John Deutch

Apr 19, 2009

On Thursday, April 16, MITEI celebrated the 70th birthday of Institute Professor John Deutch by holding a symposium in recognition of his significant contributions over the last 40 years in the...

CEEPR Visiting Professors

Jan 01, 2009

CEEPR will host 2 Visiting Professors at MIT to collaborate and work on energy research.

Richard Schmalensee to be new Director of CEEPR

Sep 01, 2008

Richard Schmalensee takes over as CEEPR Director as of September 2008. Most recently, Professor Schmalensee served as the John C Head III Dean of MIT

CEEPR Hosts Workshop in Washington D.C.

Feb 03, 2008

In January 2008, CEEPR hosted a workshop in Washington DC on the European CO2 Emissions Trading Scheme (EU ETS) as part of a project funded by the Doris Duke Charitable Foundation.

Professor Joskow heads to the Sloan Foundation

Dec 02, 2007

Long time CEEPR Director, Professor Paul Joskow, has resigned his position in order to become President of the Alfred P. Sloan Foundation.

BP Funds Energy Conversion Research

Sep 01, 2007

CEEPR is collaborating with professors in a number of engineering disciplines on a research program that will explore the conversion of low-value carbon feedstocks such as petcoke and coal to...