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Arkolakis, Costas; Walsh, Conor - National Bureau of Economic Research - 2023

We provide a spatial theory of clean growth to assess the global impact of the rise of renewable energy. We model the details of the combined production and transmission network of electricity ("the grid") that determine the supply and losses of energy in space. The local rate of clean energy...

Persistent link: https://www.econbiz.de/10014337847

On the Feasibility, Costs, and Benefits of an Immediate Phasedown of Coal for U.S. Electricity Generation

Holland, Stephen P.; Kotchen, Matthew J.; Mansur, Erin; … - National Bureau of Economic Research - 2024

The phasedown of coal for electricity generation is considered vital to meeting global climate targets. Many countries have pledged to stop using coal, with some as early as 2030. While the United States has no target currently in place, several states do. In this paper, we examine the...

Persistent link: https://www.econbiz.de/10014512089

U.S Electric Utility Adaptation to Natural Disasters Shocks and Green Power Mandates

Huang, Robert; Kahn, Matthew E. - National Bureau of Economic Research - 2022

Access to electricity is a crucial determinant of quality of life and productivity. The United States has a highly reliable electricity grid but it faces new resilience challenges posed by more intense natural disasters and rising state level green power requirements. Using a U.S electric...

Persistent link: https://www.econbiz.de/10013435145

Reliability Options in Renewables-Dominated Electricity Markets

McRae, Shaun D.; Wolak, Frank A. - National Bureau of Economic Research - 2024

Recent energy shortfalls in renewables-dominated electricity markets call for a mechanism to ensure demand is met under all system conditions. We demonstrate severe shortcomings of an increasingly popular mechanism--reliability options--caused by its interaction with fixed-price forward...

Persistent link: https://www.econbiz.de/10014576645

Induced Innovation, Inventors, and the Energy Transition

Dugoua, Eugenie; Gerarden, Todd - National Bureau of Economic Research - 2023

increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …

Persistent link: https://www.econbiz.de/10014421213

Do Technology Standards Induce Innovation in Environmental Technologies When Coordination is Important?

Gregoire-Zawilski, Myria; Popp, David - National Bureau of Economic Research - 2023

If further decarbonization of electricity systems is to continue, a next generation of innovation in transformative … determinants of innovation in this sector to glean insights on how government may support the development and deployment of these … technologies. We argue that policies that were successful at supporting the first wave of renewables innovation may not be …

Persistent link: https://www.econbiz.de/10013537766

Bitcoin and Carbon Dioxide Emissions : Evidence from Daily Production Decisions

Papp, Anna; Almond, Douglas; Zhang, Shuang - National Bureau of Economic Research - 2023

Environmental externalities from cryptomining may be large, but have not been linked causally to mining incentives. We exploit daily variation in Bitcoin price as a natural experiment for an 86 megawatt coal-fired power plant with on-site cryptomining. We find that carbon emissions respond...

Persistent link: https://www.econbiz.de/10014372502

When we change the clock, does the clock change us?

Baylis, Patrick; Borenstein, Severin; Rubin, Edward - National Bureau of Economic Research - 2023

The practice of standardizing the designation of time is a central device for coordinating activities and economic behaviors across individuals. However, there is nearly always conflict between an individual's goals of coordinating activities with others and engaging in those activities at their...

Persistent link: https://www.econbiz.de/10014247919

The Electric Ceiling : Limits and Costs of Full Electrification

Rapson, David S.; Bushnell, James B. - National Bureau of Economic Research - 2022

Electrification is a centerpiece of global decarbonization efforts. Yet there are reasons to be skeptical of the inevitability, or at least the optimal pace, of the transition. We discuss several under-appreciated costs of full, or even deep, electrification. Consumer preferences can operate in...

Persistent link: https://www.econbiz.de/10013435155

The Economic Opportunity Cost of Green Recovery Plans

Fitzgerald, Timothy; Mulligan, Casey B. - National Bureau of Economic Research - 2023

Advocates in several countries have promoted a "green recovery" from the pandemic, with an emphasis on measures to address climate objectives. We evaluate proposals for the United States and find that as stated, ambitious plans to further cut emissions from transportation and electricity will...

Persistent link: https://www.econbiz.de/10014226153

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