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Journal Article
The impact of oil prices on economic activity
Journal Article
Energy = money
Journal Article
U.S. natural gas prices heat up
Journal Article
Micropower: The next big thing?
Working Paper
Unilateral OECD policies to mitigate global climate change
This article offers an alternative perspective for thinking about climate change policy when the developing countries are not participating. If industrialized countries cooperate with each other to reduce their emissions, but comply at levels below those required under the Kyoto protocol, they will have incentives to adopt policies that are more costly to the world than a carbon tax. These incentives result from terms-of-trade gains that result if conservation lowers world prices lower for fuels the industrialized countries import. We consider cases where the industrialized countries act ...
Journal Article
Terms of trade and OECD policies to mitigate global climate change
Previous economic research has identified two ways policy to mitigate global climate change could be implemented without minimizing world costs. Costs are boosted when agreements to reduce greenhouse gas emissions are limited to a subset of countries or deadlines for reducing emissions force the premature retirement of energy-using capital equipment. Stephen Brown and Hillard Huntington identify a third way global warming policy could prove more costly from a world perspective-by countries using criteria other than a fuel's greenhouse gas content when determining how to reduce their ...
Journal Article
Blow-out?
Journal Article
Charleston's cool: U.S. mayors go green
Briefing
The case for direct methods to address CO2 emissions and other negative environmental externalities
Existing policies to reduce emissions of carbon dioxide (CO2) largely have been structured to subsidize alternative energy technologies. Yet these policies are likely not to be as useful as ones that target CO2 emissions directly, such as an emissions tax or a "cap and trade" program.
Journal Article
The electricity system at the crossroads--policy choices and pitfalls
Can electricity markets be successfully opened to competition? Events ranging from California's electricity crisis to the fall of electricity trading giant Enron have caused policymakers to reexamine the benefits of restructuring the industry. This article examines policy developments in the Midwest and highlights some lessons that might help guide future electricity policy.