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Now showing items 11-20 of 55
The Weak Tie Between Natural Gas and Oil Prices
(MIT Center for Energy and Environmental Policy Research, 2010-11)
Several recent studies establish that crude oil and natural gas prices are cointegrated, so that changes in the price of oil appear to translate into changes in the price of natural gas. Yet at times in the past, and very ...
Uncertainty and Energy Saving Investments
(MIT Center for Energy and Environmental Research Policy, 2010-03)
Energy costs are notoriously uncertain but what is the effect of this on energysaving investments? We find that real-option frictions imply a novel equilibrium response to increasing but uncertain energy costs: early ...
Why and How the European Union Can Get a (Near To) Carbon-Free Energy System in 2050?
(MIT Center for Energy and Environmental Research Policy, 2010-03)
Reducing the European Union GHG emissions by at least 80% by 2050 will require a near zero carbon electricity, road and rail transport industry, and heating and cooling in buildings. As compared to “business as usual” the ...
Modelling the Effects of Nuclear Fuel Reservoir Operation in a Competitive Electricity Market
(MIT Center for Energy and Environmental Policy Research, 2010-07)
In many countries, the electricity systems are quitting the vertically integrated monopoly organization for an operation framed by competitive markets. In such a competitive regime one can ask what the optimal management ...
Financing a National Transmission Grid: What Are the Issues?
(MIT Center for Energy and Environmental Policy Research, 2010-10)
The United States requires a substantial investment in transmission capacity over the next several decades. This investment is needed to ensure system reliability, to accommodate growth in demand for electricity, and to ...
Paying Too Much for Energy? The True Costs of Our Energy Choices
(MIT CEEPR, 2012-02)
Energy consumption is critical to economic growth and quality of life. America’s energy system,
however, is malfunctioning. The status quo is characterized by a tilted playing field, where
energy choices are based on the ...
Effects of the Uncertainty about Global Economic Recovery on Energy Transition and CO2 Price
(MIT Center for Energy and Environmental Policy Research, 2011-03)
This paper examines the impact that uncertainty over economic growth may have on global energy transition and CO2 prices. We use a general-equilibrium model derived from MERGE, and define several stochastic scenarios for ...
Subglobal Climate Agreements and Energy-Intensive Activities: Is there a Carbon Haven for Copper?
(MIT Center for Energy and Environmental Policy Research, 2011-02)
Subglobal climate policies induce changes in international competitiveness and favor a
relocation of carbon-emitting activities. We argue that many energy-intensive activities are
also capital-intensive, so that carbon ...
Cleaning the Bathwater with the Baby: The Health Co-Benefits of Carbon Pricing in Transportation
(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 ...
The Effects of Environmental Regulation on the Competitiveness of U.S. Manufacturing
(MIT CEEPR, 2012-09)
The economic costs of environmental regulations have been widely debated since the U.S. began to restrict pollution emissions more than four decades ago. Using detailed production data from nearly 1.2 million plant ...