Low environmental damage is one of the main justifications for solar energy, especially now that supply security has slipped from public consciousness. In recent years, there has been much progress in the analysis of environmental damages, in particular thanks to the ExternE (external costs of...

Jacobson et al. (2013, hereinafter J13), presented the technical and economic feasibility of converting New York States' all-purpose energy infrastructure (electricity, transportation, heating/cooling, industry) to one powered by wind, water, and sunlight (WWS) producing electricity and...

This study analyzes a plan to convert New York State's (NYS's) all-purpose (for electricity, transportation, heating/cooling, and industry) energy infrastructure to one derived entirely from wind, water, and sunlight (WWS) generating electricity and electrolytic hydrogen. Under the plan, NYS's...

This paper first reviews the conceptual case for, and appropriate design of, fiscal policies to address major externalities associated with energy use—global warming, local air pollution, and various side effects (e.g., congestion) from motor vehicles. Techniques for (roughly) estimating the...

This paper estimates fossil fuel subsidies and the economic and environmental benefits from reforming them, focusing mostly on a broad notion of subsidies arising when consumer prices are below supply costs plus environmental costs and general consumption taxes. Subsidies are $4.9 trillion...

This study presents a roadmap for converting California's all-purpose (electricity, transportation, heating/cooling, and industry) energy infrastructure to one derived entirely from wind, water, and sunlight (WWS) generating electricity and electrolytic hydrogen. California's available WWS...

The PhD thesis is a contribution to the definition of a new banking risk related to the economic impacts of climate change. The climate change will impact the clients of a corporate and investment bank and will have consequences on its strategy and the composition of its business portfolio....

The COP-21 meeting in Paris produced an important result. For the first time all countries developed and developing agreed to take some mitigation action. However even if all countries deliver on what they have promised by 2030 and progress thereafter continues only at the same rate global...

The Regional Greenhouse Gas Initiative (RGGI) is an effort by nine Northeast and Mid-Atlantic states to develop a regional, mandatory, market-based cap-and-trade program to reduce greenhouse gas (GHG) emissions from the electricity sector. The initiative is expected to lead to an increase in the...

Policies to cap emissions of carbon dioxide (CO2) in the U.S. economy could pose significant costs on the electricity sector, which contributes roughly 40 percent of total CO2 emissions in the U.S. Using a detailed simulation model of the electricity sector, we evaluate alternative ways that...