July 22, 2020

A Multi-control Climate Policy Process for a Designated Decision Maker

Researchers present an idealized model of optimally-controlled climate change, showing that the four methods of controlling climate damage– mitigation, carbon dioxide removal, adaptation, and solar radiation modification– are not interchangeable, as they enter at different stages of the causal chain that connects GHG emissions to damages.

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July 17, 2020

Abatement Strategies and the Cost of Environmental Regulation

Emission standards are one of the primary policy tools used to reduce CO2 emissions in the passenger vehicle market. This Working Paper studies the 2015 introduction of an EU-wide emission standard to understand the effects of emission standards for consumers, firms, and the environment.

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July 13, 2020

Evolving Bidding Formats & Pricing Schemes in US and Europe Day-Ahead Electricity Markets

The increasing penetration of renewable energy as well as storage resources requires adapting bidding formats and pricing schemes. Learning from best practices from both sides of the Atlantic, the researchers in this Working Paper review current trends and future challenges to properly evolve these market design elements.

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July 8, 2020

Competitive Energy Storage and the Duck Curve

Power systems with high penetrations of solar generation need to replace solar output when it falls rapidly in the late afternoon – the duck curve problem. In this paper, Richard Schmalensee considers investment in generation and storage to minimize expected cost in a model of an electric power system with alternating daytime periods, with solar generation, and nighttime periods, without it.

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July 1, 2020

The Short-run and Long-run Effects of Covid-19 on Energy and the Environment

In this commentary, the researchers explore how the short-run effects of Covid-19 in reducing CO2 and local air pollutant emissions can easily be outweighed by the long-run effects of a slowing of the clean energy innovation. A quick stabilization of the economy and expediting investment in clean energy can make all the difference.

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June 29, 2020

Public Transit Use Is Associated With Higher Coronavirus Death Rates

An article in the Wall Street Journal discusses findings from a recent CEEPR Working Paper by Christopher Knittel and Bora Ozaltun on COVID-19 death rates.

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