What We Know and Don’t Know About Climate Change, and Implications for Policy
In a new CEEPR Working Paper, Professor Robert Pindyck explains that we face considerable uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue to face uncertainty in the near future. He also discusses the policy implications of climate change uncertainty.
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The Value of Pumped Hydro Storage for Deep Decarbonization of the Spanish Grid
Pumped hydro storage (PHS) is an old solution to a new problem – the variability of renewable generation. A new CEEPR Working Paper presents a case study of Spain, demonstrating how PHS significantly increases the dispatch of low-carbon technologies and lowers emissions.
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Welfare Costs of Catastrophes: Lost Consumption and Lost Lives
In a new CEEPR Working Paper, the authors, which include CEEPR faculty member Professor Robert Pindyck, discuss the economics of catastrophic events such as climate change and global pandemics.
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Energy economics class inspires students to pursue clean energy careers
In a feature on MIT News, Professor Jing Li discusses course 15.0201/14.43 – Economics of Energy, Innovation, and Sustainability.
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MIT CEEPR Webinars
In lieu of the Spring 2020 Workshop, CEEPR Associates will have access to a series of webinars on May 14, 21, and 28. Please check here for further information.
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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.
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