March 17, 2020

Optimality Conditions and Cost Recovery in Electricity Markets with VRE and Energy Storage

In this CEEPR Working Paper, the authors investigate how variable renewable energy and energy storage impacts the formation of prices and optimal investments in electricity markets, using an analytical approach to derive the system-optimal conditions for installed capacity of all generators and storage devices.

SEE FULL ARTICLE
March 2, 2020

Evidence on the Implicit Carbon Price of Energy Efficiency in Buildings

Based on data for 548 apartment buildings over 16 years, this paper quantifies the implicit price of carbon associated with more than 400 energy efficiency interventions in 240 treated buildings. The results suggest significant heterogeneity in both energy savings and in the cost of carbon abatement associated with frequently subsidized measures such as windows replacement and wall insulation.

SEE FULL ARTICLE
February 24, 2020

The Key to New York’s Green Dreams May Be Turning Quebec Into a Mega-Battery

An article in Bloomberg discusses recent findings from a CEEPR Working Paper on the role of Canadian hydropower for deep decarbonization of the US Northeast.

SEE FULL ARTICLE
February 12, 2020

MIT Study Highlights Benefits of a Two-way Exchange of Electricity Between the U.S. Northeast and Quebec as Region Decarbonizes

States in the Northeastern U.S. can transition to low-carbon electricity at a lower cost by using hydropower reservoirs in Quebec for energy storage according to a new CEEPR Working Paper.

SEE FULL ARTICLE
February 11, 2020

Supply chain resilience in the era of climate change

Climate risk is everywhere — from flood, fire, and wind to migrating labor and depleted raw materials. MIT experts, including Chris Knittel, talk about what to do now to harden your supply chain.

SEE FULL ARTICLE
February 5, 2020

Designing Effective Auctions for Renewable Energy Support

Governments use procurement auctions for renewable energy support to stimulate
investment in renewable energy. This Working Paper assesses the effect of prevalent auction design elements on effectiveness, using a unique dataset with results of auctions for renewable energy support from 1990 to 2017.

SEE FULL ARTICLE
See Archives