Pump prices are ⬆️ but suspending federal gas tax likely won’t help much. Prof. Gilbert Metcalf says: • Gas/diesel taxes are small vs. 40%+ fuel price hikes • Farmers are already exempt • It could boost demand, raising prices • The tax brings in ~$3.5B/month, needed to quell deficit

Climate change is no longer a distant threat—it is already imposing substantial and uneven costs on U.S. households. This paper by @kclausing.bsky.social, @knittelmit.bsky.social and @cwolfram.bsky.social seeks to quantify these costs across multiple channels, check it out here: ceepr.link/4cWpkCV

Should the Diablo Canyon Nuclear Power Plant’s operating life be extended to 2045? A new Research Commentary by @johnparsons.bsky.social is available to inform public deliberation on such an extension, focusing on the economic costs and benefits of continued plant operation. ceepr.link/4cy5OuQ

Rising fuel prices are pushing adoption of EVs, heat pumps, and more. As Christopher Knittel notes: supply shocks raise global oil prices, "those increases trickle down to gasoline." For policymakers: shocks can drive change, but only with lasting policy. #ClimatePolicy #EnergyTransition

As global economies increasingly shift towards electrification and low-carbon energy, understanding the impact of critical mineral price shocks compared to traditional oil price shocks has become crucial. ceepr.link/3QDiwBa

Check out an article written by MIT's Brian Deese and Robinson Meyer of @heatmap.news about the newly launched Electricity Price Hub. heatmap.news/energy/elect...

The Electricity Price Hub is a partnership between @heatmap.news and MIT CEEPR in collaboration with CleanEcon designed to bring much-needed clarity to the conversation around energy affordability. It is a new public data platform built to address this information gap. electricity.heatmap.news

Do renewables raise electricity prices? New CEEPR research finds Renewable Portfolio Standards and utility-scale wind & solar are linked to lower prices. But some rooftop solar rate structures can shift grid costs to non-solar customers. Rate redesign can help.

Are renewables to blame for the contemporary rise in American household electricity bills? A new paper by Fischer Argosino and @knittelmit.bsky.social analyzes the most recently available 25-years of data to address this increasingly salient policy question. ceepr.link/4cr6t32

As EU lawmakers are looking to soften the continent's CO2 price, it's worth remembering that policy makers can overcome political constraints by complementing CO2 pricing with subsidies without sacrificing much economic efficiency, as I and @knittelmit.bsky.social show here: doi.org/10.1016/j.en...

In the NYT, our Faculty Director Christopher Knittel weighs in on data center policy — from on-site power to moratoriums. Get it right, and we support the grid + AI growth. Get it wrong, and costs rise. Policy brief: buff.ly/VyIYRum NYT: buff.ly/eoXJ9rx

Electric vehicle adoption is a key part of climate and transportation goals, and local policies can make a big difference. One such policy is allowing EVs to use high-occupancy vehicle lanes even with a single driver. A new paper examines how these exemptions affected EV adoption ceepr.link/4qV4veK

Fusion energy offers clean, firm, and geographically flexible power, but decades of delays have left investors skeptical. A new Working Paper shows that investor confidence in successful commercialization remains below 20%. ceepr.link/3Ov3ahb

In a new paper, a team of researchers including @guntherglenk.bsky.social analyze the impact of alternative accounting rules for assessing the carbon intensity of electrolytic hydrogen on the financial and emission performance of Power-to-Gas (PtG) systems. Check it out here: ceepr.link/403PLPu

For a number of years, a debate has been brewing concerning the best way to report on the indirect emissions from the generation of purchased electricity. Check out a new Research Commentary by @johnparsons.bsky.social on the topic: ceepr.link/4rs0Rtp

A new paper examines the impact of critical raw materials and their processed derivatives on countries’ exposure to lithium-ion battery price fluctuations: ceepr.link/49MXRk6

The fragmentation of global supply chains and rising geopolitical tensions have spurred concerns about import dependence -- particularly for clean energy technologies and critical raw materials. A new paper analyzes these challenges from the perspective of market failures: ceepr.link/3YtxkmN

New paper out today in Nature Energy! We evaluate how Congressional proposals for policy-driven transmission expansion would shape U.S. electricity costs, emissions, and reliability. Big implications for climate and grid planning. rdcu.be/eS7lj #EnergyPolicy #Transmission #CleanEnergy

In a new Working Paper, the authors argue that financial accounting offers an architectural template for corporate carbon accounting systems. CO2-statements enable a unified, comprehensive assessment of the direct and indirect emissions of a business entity and its products. ceepr.link/449ELTl

Findings from the latest MIT/Harvard Roosevelt Project phase highlight strategies for a just and competitive transition in steel, critical minerals, and the electric grid: ceepr.mit.edu/mit-harvard-...

Data centers are rapidly growing electricity users, raising concerns about their impact on the grid and decarbonization. Their ability to shift workloads over time offers demand-side flexibility. A new MIT CEEPR Working Paper analyzes this potential: ceepr.link/47bkuyJ

A new paper by @gibmetcalf.bsky.social studies a program run by a small municipally owned electric utility to reduce demand on certain peak demand days. Check out the full paper here: ceepr.link/47uTp8q

CBAMs can improve domestic competitiveness in regulated markets, reduce emissions leakage to unregulated markets, and encourage other countries to tax carbon. But CBAMs may particularly disadvantage lower-income trading partners. Check out the full paper here: ceepr.link/4nfkuTa

Applying scenario analysis in an increasingly uncertain and disruptive context of shifting alliances and great power rivalry, this paper explores how the intersection of climate change, international trade, and geopolitics has become an arena of shifting political equilibria ceepr.link/42KeA4X

An MIT CEEPR paper by @knittelmit.bsky.social, @gibmetcalf.bsky.social and @shereeinsaraf.bsky.social looks at the impacts from a Gas-to-VMT Tax Shift. Check out the full paper at the link below: ceepr.link/42R44sv

Collaborating with DC fast charging stakeholders, MIT & Harvard researchers craft recommendations to help states speed deployment of publicly-funded fast chargers—enabling EV travel and boosting EV adoption.

I'm delighted to announce the release of the Flagship Report of the Global Climate Policy Project at Harvard and MIT Working Group on Climate Coalitions on "Building a Climate Coalition: Aligning Carbon Pricing, Trade, and Development." ceepr.link/3VmgC7g A 🧵 on what we do/find:

Check out a new report by a team of researchers including MIT CEEPR's @knittelmit.bsky.social and @lukeheeney.bsky.social on EV chargers and real time status data: www.brookings.edu/articles/cha...

A new paper studies an environmental place-based policy that randomly moved over 20,000 small firms in New Delhi to industrial areas outside the city over several years. Check it out at the link below: ceepr.link/4mXeCxS

Russia’s invasion of Ukraine triggered a significant energy price shock across Europe. A new Working Paper studies how households adjust their behavior—across energy consumption, labor supply, financial distress, and broader consumption—when faced with price hikes: ceepr.link/46C9pqu

A new Research Commentary from a team led by Brian Deese analyzes first-of-a-kind comprehensive and rigorously sourced data on public subsidies for EVs and batteries in the world’s three largest EV markets: China, Europe, and the United States. Check out the full commentary here: ceepr.link/GCIM

An efficient and resilient supply of critical raw materials is essential to ensure supply chain stability and advance energy transition goals. A new paper assess how cost, technology, and policy factors drive fluctuations in marginal cost of metal production: ceepr.link/4o3bUs1

A new CEEPR Working paper by a team of researchers including @knittelmit.bsky.social examines the global oil market, where OPEC’s market power affects oil production and carbon intensity. Download the full paper here: ceepr.link/4nSmKRy

Listen to the latest episode of @mit.edu's climate change podcast, TILclimate, where Joshua Hodge, MIT CEEPR's Executive Director, joins the show to break down what we stand to gain from a bigger, better transmission system, and how we might make it happen. ceepr.link/4nHXCwW

Our colleagues at the Global Climate Policy Project (a joint Harvard-MIT initiative), including @cwolfram.bsky.social ky.social, released an interim report on climate coalitions today. Check out the full report here: ceepr.link/44aZnLw

Check out this commentary by @kclausing.bsky.social @allanhsiao.bsky.social @gibmetcalf.bsky.social Marilyn Pereboom, and @cwolfram.bsky.social that analyzes the Foreign Pollution Fee Act's potential impacts on several economic and environmental outcomes: ceepr.link/FPFA

Western governments imposed a price ceiling on Russian seaborne oil exports using Western services. To sell above that ceiling, Russia developed a “shadow fleet” which uses no such services. This working paper assesses the effect of various sanctions. ceepr.link/4jyE1fa

In September 2021, the city of Bogotá introduced a major market-based reform to its odd-even driving restriction, known as Pico y Placa. In this paper, the authors find that while the reform increased traffic, it brought overall benefits. Check out the full paper here: ceepr.link/4kRuK37

On a recent episode of the @mitenergy.bsky.social podcast "What if it Works?", CEEPR faculty member Professor Namrata Kala discusses the economics of clean energy. Check out the full episode at the link below: energy.mit.edu/podcast/the-...

A new CEEPR Working paper studies how the Jones Act—a 100-year-old U.S. regulation that constrains domestic waterborne shipping—affects U.S. markets for crude oil and petroleum products. Download the full paper here: ceepr.link/43FKQHa

Faculty director @knittelmit.bsky.social spoke with @marketplace.org about the reasons some policymakers are reluctant to eliminate the IRA entirely. “The world is switching to electric vehicles, the world is switching to solar and wind...”

On May 30, join MIT's newest class of journalism fellows in a webinar hosted by the MIT Climate Project to discuss their work reporting on the under-covered climate challenges of the food, agriculture and waste sector. Register below: www.eventbrite.com/e/reporting-...

The transition towards a sustainable energy system requires alternative energy carriers that reduce carbon emissions while meeting global demands. This paper by @knittelmit.bsky.social provides an overview of hydrogen production pathways and their economic & environmental impacts ceepr.link/3S4QSul

As a growing number of countries adopt trade restrictions to advance policy priorities, they risk creating spillover effects that increase the cost and time horizon of decarbonization. Careful policy design and strategic cooperation can help manage such spillover effects. Link: ceepr.link/42jOsNg

Leveraging input from stakeholders across the EV ecosystem, a team of @harvardsalata.bsky.social and MIT CEEPR researchers recommends how to speed deployment of new charging technology to rapidly expand the EV market. salatainstitute.harvard.edu/deploying-pl...

If you're interested in the carbon border adjustment mechanism (CBAM), see below. Sloan did a really nice job capturing the main issues for a non-technical audience. mitsloan.mit.edu/ideas-made-t...

A recording of a recent webinar held jointly with Harvard University is available online that includes a conversation with three early adopter cities as they share insights into the successes and challenges they’ve faced while building their EV charging programs.

Faculty member @cwolfram.bsky.social was featured this month by @mitofficial.bsky.social News, highlighting her journey to become a leading energy economist through original studies that can inform our global climate response.

Hello, world~! On a recent episode of the “What If It Works?” podcast, MIT CEEPR director and economist @knittelmit.bsky.social offered a few early predictions on the potential short- and long-term climate and energy impacts of the second Trump presidency. mitsloan.mit.edu/ideas-made-t...