April 2015 - CEEPR CEEPR

Parliamentary Secretary Mike Bernier summarizes British Columbia’s positive experience with its revenue-neutral carbon tax

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

Posted on April 24th, 2015 by tagadmin

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 Columbia, who discussed experiences with their province’s carbon tax at an Earth Day Colloquium organized on April 13, 2015 by the MIT Energy Initiative (MITEI) and the MIT Center for Energy and Environmental Policy (CEEPR). More than 200 participants convened in the Walker Memorial’s spacious Morss Hall to hear first-hand how British Columbia was able to introduce a carbon price, and what effects it has had on the local economy and the environment. Comments by MIT faculty and a local State Senator underscored the economic merits of carbon pricing and its prospects as a policy option for Massachusetts.

Unconventional Oil & Gas: Price Impacts and Geopolitical Implications

Posted on April 22nd, 2015 by tagadmin

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 markets, and broader geopolitical implications.

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

Posted on April 8th, 2015 by tagadmin

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 West (HPW, 2015) finds that this multifaceted program design actually caused Cash for Clunkers to reduce overall revenues to the industry the policy was designed to help.

OPEC’s Pricing vs. the Carbon Tax

Posted on April 1st, 2015 by tagadmin

In a recent CEEPR working paper, Saraly Andrade de SÃ¡ and Julien Daubanes combine empirical estimates to establish that the demand for OPECâ€™s oil exhibits a less-than-one demand elasticity, in contradiction with the widely-used approach to OPECâ€™s market power.