Catherine D. Wolfram – författare

This volume presents six new papers on environmental and energy economics and related policy issues. Robert Pindyck provides a systematic overview of what is known, and remains unknown, about climate change, along with the implications of uncertainty for climate policy. Shaikh Eskander, Sam Fankhauser, and Joana Setzer offer insights from a comprehensive data set on climate change legislation and litigation across all countries of the world over the past thirty years. Adele Morris, Noah Kaufman, and Siddhi Doshi shine a light on how expected trends in the coal industry will create significant challenges for the local public finance of coal-reliant communities. Joseph Aldy and his collaborators analyze the treatment of co-benefits in benefit-cost analyses of federal clean air regulations. Tatyana Deryugina and her co-authors report on the geographic and socioeconomic heterogeneity in the benefits of reducing particulate matter air pollution. Finally, Oliver Browne, Ludovica Gazze, and Michael Greenstone use detailed data on residential water consumption to evaluate the relative impacts of conservation policies based on prices, restrictions, and public persuasion.

Rigorous, careful, and nonpartisan research with a high policy impact on environmental and energy economics.Environmental and Energy Policy and the Economy focuses on the effective and efficient management of environmental and energy challenges. Research papers offer new evidence on the intended and unintended consequences, the market and nonmarket effects, and the incentive and distributional impacts of policy initiatives and market developments.This volume presents six new papers on environmental and energy economics and policy. James Bushnell and Aaron Smith illustrate a new way of modeling uncertainty for the purpose of understanding climate policy effects in the US electricity sector. Xinming Du, Muye Ru, and Douglas Almond estimate the effect of a federal requirement for oil and gas firms to detect and repair methane leaks, showing that the removal of the regulation in 2020 prompted an increase in emissions. Ivan Rudik, Derek Lemoine, and Antonia Marcheva explore equity and efficiency tradeoffs in climate adaptation funding as part of the 2021 US Bipartisan Infrastructure Law. John Bistline, Kimberly A. Clausing, Neil R. Mehrotra, James H. Stock, and Catherine Wolfram outline a range of different US climate policy options for near-term implementation. Frances C. Moore considers the potential economic consequences of accounting for non-stationarity in the distribution of weather because of climate change. Finally, Ben Groom and Frank Venmans discuss different ways of quantifying the social value of temporary reductions in atmospheric carbon, with implications for carbon offset markets.

Rigorous, careful, and nonpartisan research with a high policy impact on environmental and energy economics.Environmental and Energy Policy and the Economy focuses on the effective and efficient management of environmental and energy challenges. Research papers offer new evidence on the intended and unintended consequences, the market and nonmarket effects, and the incentive and distributional impacts of policy initiatives and market developments.This volume presents six new papers on environmental and energy economics and policy. Judson Boomhower and Meredith Fowlie illustrate the distributional consequences of improving risk pricing efficiency in wildfire insurance markets. Claire Brunel and Arik Levinson develop a conceptual framework for understanding the economic and environmental consequences of taxes on imports of goods based on their carbon content. Karen Clay, Danae Hernandez-Cortes, Akshaya Jha, Joshua Lewis, Noah Miller, and Edson Severnini study the long-run distributional implications of US power plant sitings over more than a century. Todd Gerarden, Mar Reguant, and Daniel Xu provide a comprehensive overview of industrial policy in the renewable energy sector, with comparisons across the US, EU, and China. Jamie Hansen-Lewis and Michelle Marcus show how failure to account for behavioral responses can affect policy predictions regarding maritime emissions. Finally, Richard Sweeney and Joseph Wilske estimate the externalities associated with correlated intermittency in electricity generation from US wind power investments.