Institute for Policy Integrity logo

Twitter @policyintegrity

Publications

Viewing all publications in Reports
  • Carbon Pricing in Wholesale Electricity Markets
    Report

    Carbon Pricing in Wholesale Electricity Markets

    An Economic and Legal Guide

    By Matt Butner, Bethany Davis Noll, Justin Gundlach, Burcin Unel, and Avi Zevin
    March 25, 2020

    This report explains how carbon-pricing rules in organized wholesale electricity markets can improve economic efficiency. It then explores the economic principles and legal requirements for RTOs, states, and the Federal Energy Regulatory Commission to consider when implementing a carbon-pricing rule in organized wholesale electricity markets. And it identifies several policy-design approaches that, to varying degrees, meet those economic principles and are likely to be found legally permissible.

  • Look Before You Lease
    Report

    Look Before You Lease

    Reducing Fossil Fuel Dominance on Public Lands by Accounting for Option Value

    By Jayni Hein, Joy Kim, and Sam Smith
    January 7, 2020

    While the Trump administration’s goal of “energy dominance” has increased the public lands available for oil and gas development, no effort has been made to modernize the leasing system, even in the face of climate change. Our report explains how option value—which accounts for the informational value gained by delaying leasing decisions—can and should be factored into the Bureau of Land Management’s land use planning processes. Accounting for option value at multiple stages of the land use planning process would significantly improve BLM’s public lands stewardship, better protect the environment, and regain some of the economic and strategic advantages it has ceded to private developers. The report also describes case studies where BLM’s failure to consider option value has led to costly litigation and missed opportunities.

  • Getting the Value of Distributed Energy Resources Right
    Report

    Getting the Value of Distributed Energy Resources Right

    Using a Societal Value Stack

    By Justin Gundlach and Burcin Unel, Ph.D.
    December 3, 2019

    Our report notes the growing presence of distributed energy resources, like solar panels and energy storage installations, and explains how they should be compensated for providing electricity services valued by utilities and their customers. Currently, 40 states use net energy metering programs to compensate DERs. We describe a promising alternative, “value stacking,” which better reflects DERs’ value, and provide suggestions for how to implement this approach.

  • Pipeline Approvals and Greenhouse Gas Emissions
    Report

    Pipeline Approvals and Greenhouse Gas Emissions

    By Jayni Hein, Jason Schwartz, and Avi Zevin
    April 9, 2019

    In light of growing public awareness of the environmental effects of pipeline projects, the Federal Energy Regulatory Commission (FERC) has faced competing pressures regarding how to balance the need for new natural gas pipelines with their environmental consequences. Concerns about greenhouse gas (GHG) emissions and resulting climate change effects have become a flashpoint in the debate. Our report examines the legal context surrounding FERC’s evaluation of the environmental impacts of proposed interstate natural gas pipelines. We look at FERC’s obligations under the Natural Gas Act and the National Environmental Policy Act, as well as potential improvements the agency can make to its analyses to better inform policy makers and the public about the impacts of proposed projects.

  • Opportunities for Valuing Climate Impacts in U.S. State Electricity Policy
    Report

    Opportunities for Valuing Climate Impacts in U.S. State Electricity Policy

    By Denise A. Grab, Iliana Paul, and Kate Fritz
    April 2, 2019

    With an absence of federal leadership on climate change, many states have worked to reduce greenhouse gas emissions on their own, often by incorporating a broader range of considerations into electricity policy. Our report assesses the potential to expand the valuation of climate damages in state electricity policy using Social Cost of Carbon metrics. We examine existing statutes and regulations in all 50 states to identify opportunities for valuing climate impacts around the country.