Now showing items 21-30 of 55
CO2 Abatement from Renewable Energy Injections in the German Electricity Sector: Does a CO2 Price Help?
(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 ...
Margins, Liquidity and the Cost of Hedging
(MIT CEEPR, 2012-05-21)
Recent financial reforms, such as the Dodd-Frank Act in the U.S. and the European Market Infrastructure Regulation, encourage greater use of clearing and therefore increased margining of derivative trades. They also impose ...
The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment
(MIT CEEPR, 2012-08)
Two decades have passed Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but ...
Do Housing Prices Reflect Environmental Health Risks? Evidence from More than 1600 Toxic Plant Openings and Closings
(MIT CEEPR, 2012-01)
A ubiquitous and largely unquestioned assumption in studies of housing markets is that there is perfect information about local amenities. This paper measures the housing market and health impacts of 1,600 openings and ...
Gas Balancing Rules Must Take into account the Trade-off between Offering Pipeline Transport and Pipeline Flexibility in Liberalized Gas Markets
(MIT Center for Energy and Environmental Policy Research, 2010-09)
This paper analyses the value and cost of line-pack flexibility in liberalized gas markets through the examination of the techno-economic characteristics of gas transport pipelines and the trade-offs between the different ...
Estimating the Social Cost of Carbon for Use in U.S. Federal Rulemakings: A Summary and Interpretation
(MIT Center for Energy and Environmental Policy Research, 2011-05)
The United States Government recently concluded a year-long process to develop a range of values representing the monetized damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred ...
Liability and Financial Responsibility for Oil Spills under the Oil Pollution Act of 1990 and Related Statutes
(MIT Center for Energy and Environmental Policy Research, 2011-06-01)
Russia’s Natural Gas Export Potential up to 2050
(MIT Center for Energy and Environmental Policy Research, 2011-07)
Recent increases in natural gas reserve estimates and advances in shale gas technology make natural gas a fuel with good prospects to serve a bridge to a low-carbon world. Russia is an important energy supplier as it holds ...
Some Inconvenient Truths About Climate Change Policy: The Distributional Impacts of Transportation Policies
(MIT Center for Energy and Environmental Policy Research, 2011-08)
Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies ...
An Approximate Dynamic Programming Framework for Modeling Global Climate Policy under Decision-Dependent Uncertainty
(MIT Center for Energy and Environmental Policy Research, 2011-09)
Analyses of global climate policy as a sequential decision under uncertainty have been severely restricted by dimensionality and computational burdens. Therefore, they have limited the number of decision stages, discrete ...