The MIT Future of Solar Energy Study Released
On May 5, 2015, the MIT Energy Initiative (MITEI) released a comprehensive new study titled The Future of Solar Energy. As with earlier installments of the highly regarded MIT “Future of … “ report series, several CEEPR faculty and research affiliates were involved in the elaboration of the study, contributing economic and policy insights to a multidisciplinary, multi-year research effort. Former CEEPR Director Richard Schmalensee, a Professor of Economics and Management at the MIT Sloan School of Management, served as the study’s chair.
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CEEPR Recognized Among World’s Top Energy Policy Think Tanks
For the third year in a row, CEEPR has placed among the top 10 “Energy and Resource Policy Think Tanks in the annual Global Go To Think Tank Index Report
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Pricing Carbon to Combat Climate Change – What Can We Learn from British Columbia?
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.
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Unconventional Oil & Gas: Price Impacts and Geopolitical Implications
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
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.
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OPEC’s Pricing vs. the Carbon Tax
In a recent CEEPR working paper, Saraly Andrade de Sá and Julien Daubanes combine empirical estimates to establish that the demand for OPEC’s oil exhibits a less-than-one demand elasticity, in contradiction with the widely-used approach to OPEC’s market power.
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