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Publications

Viewing all publications in Climate and Energy Policy
  • Costs, Confusion, and Climate Change Cover

    Costs, Confusion, and Climate Change

    Yale Journal on Regulation, Forthcoming

    Recently, some prominent public policy experts and scholars have proposed that a “marginal abatement cost” (MAC) could be used as an alternative to the social cost of carbon (SCC). This article provides conceptual clarity about these metrics, focusing on how a MAC-based threshold could sensibly be used in climate policy, and explaining why it is not a substitute for the SCC.

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  • Carbon Trading for New York City’s Building Sector Cover

    Carbon Trading for New York City’s Building Sector

    Report of the Local Law 97 Carbon Trading Study Group to the New York City Mayor’s Office of Climate & Sustainability

    NYU researchers assessed whether New York City should adopt a carbon trading program for its buildings pursuant to its landmark climate law, Local Law 97 of 2019. The study offered two proposals for trading programs, both of which would benefit the City as a whole, and environmental justice communities in particular, and found that both proposals would lead to deeper GHG reductions and lower the cost of complying with LL97.

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  • Valuing the Future: Legal and Economic Considerations for Updating Discount Rates Cover

    Valuing the Future: Legal and Economic Considerations for Updating Discount Rates

    Yale Journal on Regulation, Forthcoming

    This article explores the legal and economic considerations for updating discount rates and details the compelling economic evidence for lowering the current default rates for regulatory analyses. It argues that a declining discount rate framework can consistently harmonize agency practices and so put agencies on sound legal footing in their approach to valuing the future.

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  • Regulating New Fossil-Fuel Appliances Under Section 111(b) of the Clean Air Act Cover

    Regulating New Fossil-Fuel Appliances Under Section 111(b) of the Clean Air Act

    This report finds that EPA has authority under Section 111(b) of the Clean Air Act to set nationwide performance standards for new residential and commercial fossil-fuel appliances and that multiple means of reducing emissions from such appliances are adequately demonstrated, including the use of electric-heat-pump technology.

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  • Climate-Society Feedback Effects Cover

    Climate-Society Feedback Effects

    Be Wary of Unidentified Connections

    To ensure policies are based on accurate predictions of climate impacts, it is critical to understand social-ecological system (SES) feedbacks, including how humans change the climate by reacting to a changing climate. Building on recent scholarly work on the topic, this article describes SES interactions and how they can be incorporated into climate policy tools such as the social cost of carbon. The article then proposes a research agenda for the identification, quantification, and integration of climate-society feedbacks into social-cost integrated assessment models (SC-IAMs).

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