Browsing Center for Energy and Environmental Policy Research by Title
Now showing items 17-36 of 334
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Black Gold & Fool’s Gold: Speculation in the Oil Futures Market
(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 ... -
Book review : three books on global climate change
(MIT Center for Energy and Environmental Policy Research, 1993) -
California's electricity crisis
(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 ... -
Cap-and-Trade Properties under Different Scheme Designs
(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 ... -
Capacity Factor Risk At Nuclear Power Plants
(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 ... -
The cartel in retreat
(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 ... -
Caution, Drivers! Children Present: Traffic, Pollution, and Infant Health
(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 ... -
Central issues in the negotiations on limiting greenhouse warming
(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 ... -
Challenges for Creating a Comprehensive National Electricity Policy
(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 ... -
Characteristics of North Sea oil reserve appreciation
(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 ... -
The Chicago VOC trading system : the consequences of market design for performance
(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 ... -
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 ... -
Climate change and agriculture : global and regional effects using an economic model of international trade
(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 ... -
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, ... -
The Climate Policy Dilemma
(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 ... -
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 ... -
CO2 Abatement in the UK Power Sector: Evidence from the EU ETS Trial Period
(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 ... -
Comments in response to FERC rulemaking on regional transmission organizations
(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 ... -
Comments on FERC's standard market design proposals
(MIT Center for Energy and Environmental Policy Research, 2003) -
Comparing greenhouse gases for policy purposes
(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 ...
