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Researchers present an idealized model of optimally-controlled climate change, showing that the four methods of controlling climate damage– mitigation, carbon dioxide removal, adaptation, and solar radiation modification– are not interchangeable, as they enter at different stages of the causal chain that connects GHG emissions to damages.

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Emission standards are one of the primary policy tools used to reduce CO2 emissions in the passenger vehicle market. This Working Paper studies the 2015 introduction of an EU-wide emission standard to understand the effects of emission standards for consumers, firms, and the environment.

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Power systems with high penetrations of solar generation need to replace solar output when it falls rapidly in the late afternoon – the duck curve problem. In this paper, Richard Schmalensee considers investment in generation and storage to minimize expected cost in a model of an electric power system with alternating daytime periods, with solar generation, and nighttime periods, without it.

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In this commentary, the researchers explore how the short-run effects of Covid-19 in reducing CO2 and local air pollutant emissions can easily be outweighed by the long-run effects of a slowing of the clean energy innovation. A quick stabilization of the economy and expediting investment in clean energy can make all the difference.

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2020 Fall Webinar Series

CEEPR is pleased to announce its Fall 2020 Webinar Series. The series of seven webinars will take place from August 27 through December 10. Additional information may be found here:

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Public Transit Use Is Associated With Higher Coronavirus Death Rates

An article in the Wall Street Journal discusses findings from a recent CEEPR Working Paper by Christopher Knittel and Bora Ozaltun on COVID-19 death rates.

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Jun 25, 2020

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In this Working Paper, the researchers examine the global implications of electrifying the transportation fleet. Their analysis covers an array of topics including vehicle cost considerations,...

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Jun 10, 2020

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In this CEEPR Working Paper, Professor Knittel and Bora Ozaltun correlate county-level COVID-19 death rates between April 4, 2020 to May 27, 2020 with key variables using both linear regression and...

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Jun 3, 2020

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...

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The Value of Pumped Hydro Storage for Deep Decarbonization of the Spanish Grid

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Apr 15, 2020

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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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Mar 17, 2020

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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...

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Mar 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....

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Feb 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.

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Feb 11, 2020

Supply chain resilience in the era of climate change

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MIT CEEPR is jointly sponsored by the MIT Sloan School of Management, the MIT Department of Economics, and the MIT Energy Initiative.

MIT is a 501(c)(3) institution and gifts or donations made to MIT CEEPR are tax-deductible within the limitations of US federal income tax laws.

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