A new policy proposal uses bad science to undermine the Social Cost of Carbon. The most important number in environmental economics that most people have never heard of is called … Continue Reading Whose Climate Damages Should Count?
A new paper shows a convincing causal link between local air pollution and the incidence of dementia. Those of us old enough to remember credible analysis underlying serious attempts at … Continue Reading The Mental Cost of Air Pollution
Even my favorite colleagues can’t agree. When you listen to conversations between energy economists about pretty much anything, it often feels like an episode of Debbie Downer. We find something … Continue Reading How Local Should Your Energy Retailer Be?
Are we now trying to kill coal by banning trade? This has been an eventful week on and off the court (Go Warriors!). The executive branch of the government is … Continue Reading Energy Trade Wars
Does a program to subsidize used electric vehicles make sense? I was recently informed that my electricity will no longer come from PG&E, but from a community choice aggregator (CCA) … Continue Reading Rebates for Electric Clunkers?
A nuanced look at politicians’ favorite policy tool. Everyone likes a puppy. You get a puppy you’re immediately in love. You never want to get rid of it. Puppies also … Continue Reading Subsidies and Puppies.
It depends on whether it’s winter and whether you’re poor. Coauthored with Ed Rubin. There are many ways to scramble an egg. Thomas Keller, Gordon Ramsey and Alice Waters all … Continue Reading How Much Do Residential Consumers Respond to the Price of Natural Gas?
Because electricity is not priced optimally, we all pay for excessive Bitcoin mining. (This post is coauthored with Catherine Wolfram) You may be reading this blog post in your dorm … Continue Reading Bitcoins Should Be Called BTUcoins, and That’s a Problem
Externalities from shipping crude by rail are still disproportionally larger than those from pipeline transport. My twitter feed exploded late last week. And no, I am not talking about the … Continue Reading The Keystone Pipeline’s XL-ish Spill
(this post is coauthored with the great Meredith Fowlie and appeared in a much toned down version on The Conversation) Economics humbly suggests addressing all externalities from coal combustion. The … Continue Reading Bacon Has Vitamins Too: Why Rick Perry Failed Econ 101 – Again.
Would Autonomous Electric Vehicles Eliminate Transportation Externalities? After one of the many fun and inspiring lunch conversations here at the Energy Institute, I realized that my thoughts on the economic … Continue Reading The Economics of an Electrified Autonomous Future
A nice sounding slogan and empty policy goal. A reporter recently called me and asked me what I thought of the term “energy dominance”, which had been recently introduced … Continue Reading Energy Dominance
For every one to two jobs a non-miner dies each year. [This post is coauthored with Carolyn Fischer at RFF]. If you open the papers it seems like the current … Continue Reading Coal Mining: Jobs to Die For?
How a “little” California vehicle standard prevented an urban “airmaggedon” My midlife crisis did not lead to me to buy a German convertible — which would assist me in tanning … Continue Reading Save the California Waiver!
Economists have long complained about Fuel Efficiency standards. Are we happy now? The past 50 days felt like the beginning of a game of environmental policy Jenga. The new administration … Continue Reading A Tale of Two Standards
The heat is on, and climate change will put significant strain on the US power grid – unless we do something about it. In the absence of any concrete new … Continue Reading Have We Peaked?