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(Forthcoming Article) - Natural gas has replaced coal as the dominant fuel for U.S. electricity generation. However, utilities in regulated U.S. states have retired coal more slowly than others. We build a structural model of rate-of-return regulation during an energy transition where utilities face tradeoffs between lowering costs and maintaining and using legacy capacity. A regulated utility facing carbon taxes lowers short-run coal generation 48% as much as a cost minimizer would. Thirty years after a sudden energy transition, a cost minimizer has retired 71% more coal capacity than the regulated utility. Alternative regulations may jeopardize affordability and reliability goals during energy transitions.

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

Climate Policy at the Oxford Smith School.

Ein Fireside Chat mit dem ehemaligen Chef des Bundeskanzleramts Wolfgang Schmidt

(Forthcoming Article) - We examine women’s household power in low- and middle-income countries, synthesizing theoretical frameworks and empirical evidence on its measurement, determinants, and consequ...

Institut for Økonomi, Aarhus Universitet and Center for Research in Energy: Economics and Markets - CoRE, invite expressions of interest from distinguished scholars for a tenured position as Associate...

Unprecedented hot drought conditions are becoming more common, exposing trees to deadly stress and reducing the region’s ability to absorb anthropogenic carbon dioxide.

When millions lost power in Spain and Portugal this spring, some were quick to blame too much solar and wind power. That wasn't the cause, but the misinformation had an impact.

1.200 Euro monatlich - ohne Bedingungen. Das erhielten Teilnehmer einer deutschlandweiten Studie. Sie zeigt: Das bedingungslose Grundeinkommen führt nicht zu weniger Arbeit, sondern zu mehr…

Less than 48 hours after the gavel came down at COP29, Carbon Brief ran a webinar to talk through all the key outcomes from the summit in Baku, Azerbaijan.

Scientific Organizer: Maximilian Auffhammer The scope of relevant topics at this conference is broad, ranging from climate mitigation and adaptation to the study of energy and resource markets as wel...