Lemoine and Rudik (2017) argue that it is efficient to delay reducing carbon emissions, because there is substantial inertia in the climate system. However, this conclusion rests upon misunderstanding the relevant climate physics: there is no substantial lag between CO2 emissions and warming,...

Much economic policy focuses on increasing or maintaining employment at a national level. However, within the EU, the move to a single market and the increased rate of globalisation has led to a recognition that not all regions would benefit from trade liberalisation. This has led to an...

We analyse the distributional impact of financing energy and environmental policies through additional charges on electricity consumption, focussing on the impact Ireland’s flat-rate Public Service Obligation (PSO) levy has on domestic consumers. Switching Ireland’s flate-rate charge to a...

This paper derives efficient pricing formulae for renewable energy Feed-in Tariff (FiT) designs that incorporate exposure to uncertain market prices by using option pricing theory. Such FiT designs are presented as a means to delineate market price risk amongst investors and policymakers when...

This paper evaluates the extent with which Energy Performance Certificates (EPCs) reflect observed energy used for heating. We use high-frequency smart thermostat panel data in combination with building characteristics and hourly weather information. We exploit variations in boiler operation in...

This paper evaluates the predictive power of building energy performance certificates on ex-post home heat loss. Improving the insulative capacity of residential properties is a policy priority in many markets, with building energy performance certificates providing the indicative benchmark. We...