The Kyoto summit initiated an international game of cap and trade. Unlike a national policy, the essence of this game is the self-selection of national emission targets. This differs from the standard global public-goods game because targets are met in the context of a global carbon market. This...

Scaling up renewable energy, such as wind and solar, goes hand-in-hand with the expansion of transmission infrastructure. The richest solar and wind renewable energy sites are often located far away from consumption centers or existing transmission networks. Unlike fossil fuel-based power...

In an unregulated electricity generation market, the degree to which generators in" different locations compete with one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission capacity on competition among" generators. We show that...

Wind power is intermittent and has low predictability. Consequently it would seem to be of little use for helping system operators with reliability. However reliability is a statistical property of the system, so the contribution of wind to reliability must be based on its affect on the...

Cap-and-trade and carbon-tax policies generate streams of tax revenue or of valuable allowances, which represent the value of using the atmosphere for storing carbon emissions. The common ownership of the atmospheric commons suggests equal ownership of the value stream it provides. If equal...

Industrialized countries are demanding that developing countries accept binding emission targets, but developing countries refuse these caps. Developing countries, in turn demand that Industrialized countries accept much tighter caps than any have considered. Industrialized countries refuse such...

Foreword -- Acknowledgments -- Executive summary -- Acronyms and abbreviations -- The need to address transmission issues when scaling up renewable : emerging planning and pricing practices -- Introduction -- Transmission cost allocation and pricing -- Proactive planning and other institutional...