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Projected Reductions in Drilling Activity Do Not Undermine the Argument for Lifting the Crude Oil Export Ban

In early 2014, the case for lifting the crude oil export ban, which has been in place since the 1970s, started to gain traction—and with good reason. Doing away with the ban would result in lower US gasoline prices and greater US tight oil production. But the momentum stalled out as the price of crude […]

Show Us the Money: An Early Look at Utility Bill Savings from Municipal Benchmarking and Disclosure Laws

Recently, my colleague Margaret Walls blogged about two new RFF discussion papers focused on a popular new policy in US cities: municipal energy benchmarking and disclosure requirements. These laws, which require owners of large commercial and multi-family buildings above a certain size threshold to benchmark their buildings’ energy use and disclose that information, are intended […]

Investment Risks Raise Costs and Shift Regional Efforts to Mitigate Emissions

A new study appearing in Nature Climate Change (of which I am a coauthor) explores how institutional considerations of risk affect the cost of large-scale investments in the power sector that increase or reduce carbon dioxide emissions. Unlike previous studies that assume uniform costs for investments, we apply financial charges that vary from country to […]

Coordination Challenges and a Policy Option for US and Global Climate Efforts

In recent years, US climate plans have changed abruptly. In a new RFF discussion paper, with RFF Center Fellow Anthony Paul and Research Assistant Sophie Pan, we examine the challenges for progress—specifically, of coordination among jurisdictions—that presently face policymakers in both the United States and around the world. The current centerpiece of US policy is […]

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 […]