![](https://ceepr.mit.edu/wp-content/uploads/2021/09/2016-004-figure.jpg)
The Impact of Uncertainty on Capacity Remuneration Mechanisms
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 “scarcityâ€â€” the very few hours of the year when capacity is strained exhibiting prices high-enough to cover a large portion of the capital and fixed operation and maintenance costs incurred by all types of installed generation capacity.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/Galveston_refinery_marathon_oil.jpg)
Will We Ever Stop Using Fossil Fuels?
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: fossil fuel consumption is likely to continue growing without clear and decisive global action to introduce an adequate price on greenhouse gas emissions and increase research and development spending toward clean energy technologies.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/2016-001-figure.png)
A Review of the Value of Aggregators in Electricity Systems
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 (e.g., gas-fired distributed generation, solar PV, small wind farms, electric vehicles, energy storage, and demand response). Given the small scale of these technologies, many industry stakeholders claim that aggregators can create economic value by enabling DERs to provide these services at scale.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/2015-fall-workshop-banner.jpg)
2015 Fall Research Workshop
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 environmental policy arena.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/cop21event.jpg)
Expectations for the Upcoming Paris Climate Summit
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, and Society at Harvard University to convene a discussion on the upcoming United Nations Climate Change summit in Paris.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2021/09/schmalensee-oct2015event.jpg)
Evaluating Regulation Outcomes
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, D.C.
SEE FULL ARTICLE![](https://ceepr.mit.edu/wp-content/uploads/2023/01/Newsletter.jpg)
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