Browsing Center for Energy and Environmental Policy Research by Title
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Browsing Center for Energy and Environmental Policy Research by Title
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(MIT Center for Energy and Environmental Policy Research, 2009-09)This paper addresses the question of whether the oil price spike of 2003-2008 was a bubble. We document and discuss what is known about the level of speculation in the paper oil market. We then analyze the dynamics of the ...
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(MIT Center for Energy and Environmental Policy Research, 1993)
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(MIT Center for Energy and Environmental Policy Research, 2001)The collapse of California's electricity restructuring and competition program has attracted attention around the world. Prices in California's competitive wholesale electricity market increased by 500% between the second ...
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(MIT Center for Energy and Environmental Policy Research, 2010-11)We develop a model of the dynamic structure of capacity factor risk. It incorporates the risk that the capacity factor may vary widely from year-to-year, and also the risk that the reactor may be permanently shutdown prior ...
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(MIT Center for Energy and Environmental Policy Research, 2009-11)This paper examines the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown that the hybrid systems under investigation (safety-valve with offsets, price floor using a subsidy, price ...
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(MIT Center for Energy and Environmental Policy Research, 1993)In 1981, the price of oil was $34 in current dollars ($50 at 1992 price levels). The consensus was that it would keep rising toward the cost of synthetic crude oil or some such long-run ceiling. In fact, the cartel had ...
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(MIT Center for Energy and Environmental Policy Research, 2011-07)Since the Clean Air Act Amendments of 1990 (CAAA), atmospheric concentration of local pollutants has fallen drastically. A natural question is whether further reductions will yield additional health benefits. We further ...
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(MIT Center for Energy and Environmental Policy Research, 1992)The three central questions in the international negotiations on greenhouse warming are: (1) How much global warming should be tolerated? (2) How much responsibility for past emissions should be assigned to present ...
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(2008)This is a speech given to the National Press Club, September 26, 2008 outlining the need for comprehensive reform of the electric power sector in the U.S. It outlines the centrality of the electricity sector to the economy ...
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(MIT Center for Energy and Environmental Policy Research, 2000)In many petroleum basins, and especially in more mature areas, most reserve additions consist of the growth over time of prior discoveries, a phenomenon termed reserve appreciation. This paper concerns crude oil reserve ...
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(MIT Center for Energy and Environmental Policy Research, 2004)The Chicago cap-and-trade approach to regulating stationary source VOC emissions in the Chicago ozone non-attainment area is a pioneering program that could set a precedent for other urban areas troubled by high ozone ...
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(MIT Center for Energy and Environmental Policy Research, 2011-08)Efforts to reduce greenhouse gas emissions in the US have relied on Corporate Average Fuel Economy (CAFE) Standards and Renewable Fuel Standards (RFS). Economists often argue that these policies are inefficient relative ...
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(MIT Center for Energy and Environmental Policy Research, 1993)Empirical estimates of the economic welfare implications of the impact of climate change on global agricultural production are made. Agricultural yield changes resulting from climate scenarios associated with a doubling ...
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Climate change, mortality, and adaptation : evidence from annual fluctuations in weather in the US (MIT Center for Energy and Environmental Policy Research, 2007)This paper produces the first large-scale estimates of the US health related welfare costs due to climate change. Using the presumably random year-to-year variation in temperature and two state of the art climate models, ...
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(MIT CEEPR, 2012-07)Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far from clear. There is disagreement among both climate scientists and economists over the likelihood of ...
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(MIT CEEPR, 2012-04)The overlapping impact of the Emission Trading System (ETS) and renewable energy (RE) deployment targets creates a classic case of interaction effects. Whereas the price interaction is widely recognized and has been ...
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(2008)This paper provides an empirical assessment of CO2 emissions abatement in the UK power sector during the trial period of the EU ETS. Using an econometrically estimated model of fuel switching, it separates the impacts of ...
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(MIT Center for Energy and Environmental Policy Research, 1999)On May 13, 1999, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) on Regional Transmission Organizations (RTO). The purpose of the NOPR is to solicit comments on proposed FERC ...
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(MIT Center for Energy and Environmental Policy Research, 2003)
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(MIT Center for Energy and Environmental Policy Research, 1993)In order to derive optimal policies for greenhouse gas emissions control, the discounted marginal damages of emissions of different gases must be compared. The greenhouse warming potential (GWP) index, which is most often ...
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