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Reconsidering the Rebound Effect

The rebound effect from improving energy efficiency has been widely discussed—from the pages of the New York Times and New Yorker to the halls of policy and to a voluminous academic literature. It’s been known for over a century and, on the surface, is simple to understand. Buy a more fuel-efficient car, drive more. Invent […]

Canada–Renewable Energy: Implications for WTO Law on Green and Not-So-Green Subsidies

In the Canada–Renewable Energy/Feed-In Tariff case of 2013, the European Union (EU) and Japan brought a case to the World Trade Organization (WTO) against Canada, questioning the validity of Ontario’s decision to combine a generous feed-in tariff (FIT) with a local content requirement (LCR) promoting the growth of renewable energy-related manufacturing. Under this LCR, the […]

Cap and Trade in China: How Might It Work?

China plans to start a nationwide cap-and-trade market in 2016. But can China, whose economy still contains many nonmarket features, properly design and implement a fundamentally market-based policy? In our new RFF discussion paper, my coauthors (RFF’s Richard Morgenstern, Zhongmin Wang, and Xu Liu) and I attempt to answer this question by examining cap-and-trade pilot […]

More Natural Gas, Less Warming?

The unexpected energy revolution caused by the rapid growth in North American shale gas production has produced benefits related to the economy, jobs, energy security, and local air pollution, and has contributed to a decrease in US greenhouse gas emissions. However, as my colleagues and I report in a new study published online today by Nature Advance […]

Terminating Links between Emissions Trading Programs

In the absence of a coordinated global emissions market, a number of self-contained regional carbon-trading programs have formed that independently establish, track, and cancel their own compliance permits. In order to increase the cost-effectiveness, liquidity, and stability of these markets, the entities that control them may choose to link programs together in a framework that […]

The Impact of Natural Gas Prices on Electricity Consumers and the Environment

Coinciding with the recent increase in US natural gas production, the country has seen a 60 percent decrease in the price of natural gas. Lower natural gas prices have affected electricity prices and emissions rates differently across various regions. For example, during this time period, the Texas Reliability Entity experienced one of the largest decreases […]

Managing the Risks of Shale Gas Development Using Innovative Legal and Regulatory Approaches

At the heart of the US shale gas boom is a tense relationship between the desire for its economic benefits and the fear of its environmental costs. Regulatory measures and industry best practices can be adjusted to ease this tension, but the potential for incorporating innovative tools into new measures has been relatively understudied. Both […]

Should Coastal Communities Consider Transfers of Development Rights?

My colleague, Carolyn Kousky, recently wrote a post about “managed retreat” from the riskiest areas along our nation’s coastline—areas facing sea-level rise, as well as worsening storms and hurricanes. Her recommended three-part strategy includes limiting development in high-risk areas, adopting policies for “orderly” retreat as inundation occurs, and allowing for retreat after a disaster. All […]

Update on Ending the Export Ban: What It Means for US Gasoline Prices

Data aficionados among our readers will appreciate that it is best to analyze price movements using as disaggregated data as possible, both temporally and spatially. In the original version of our recent issue brief, we used annual data.  But with more time to acquire data, we found monthly data series.  Importantly, these new data include […]

Ending the Export Ban: What It Means for US Gasoline Prices

Last week, top Democrats on the Senate Energy and Natural Resources Committee requested a comprehensive review of what would happen—in terms of energy prices, consumer prices, and more—if the US were to lift its ban on oil exports. In a new RFF issue brief, together with Stephen Brown, Charles Mason, and Jan Mares, we tackle […]