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The Future of Energy Storage, with Dick Schmalensee
The Full Transcript Daniel Raimi: Hello, and welcome to Resources Radio, a weekly podcast from Resources for the Future (RFF). I’m your host, Daniel Raimi. Today we talk with Dick Schmalensee, Professor Emeritus of Economics and Management at the MIT Sloan School of Management and a former board chair here at RFF. Dick was a coauthor on MIT’s recent Future of Energy Storage study, which assesses the role that energy storage might play in a net-zero-emissions electricity system.
Climate Change and the Supreme Court
The court also looked to OMB Circular A-4, which gives guidelines to federal agencies on how to do benefit-cost analysis. Issued in 2003 and still in force today (but possibly soon to be revised), OMB Circular A-4 contains two sentences about domestic versus global impact—but those sentences don’t say to focus only on domestic impacts; they say to focus on domestic impacts and to report impacts outside the United States.
What Happened in Glasgow at COP26?
Reflecting on the end of COP26, RFF University Fellow Robert Stavins explores key agreements that were reached, debates that were punted to future conferences, and continued obstacles in the way of controlling global greenhouse gas emissions. I returned a few days ago from the 26th Conference of the Parties (COP26) of the United Nations Framework Convention on Climate Change (UNFCCC) in Glasgow, Scotland.
Supporter Spotlight: Creating Crucial Connections to the Environment
In RFF's Supporter Spotlight, we hear directly from donors about their commitment to issues in climate, energy, and the environment; how they make a difference; and why they support Resources for the Future—all in their own words. Resources magazine recently spoke with Vicky Bailey, a former commissioner with the Federal Energy Regulatory Commission (FERC), assistant secretary at the Department of Energy, and corporate executive in the energy sector.
A New Administration Brings Major Changes to Federal Climate Policy
RFF University Fellow and Harvard Professor Robert N. Stavins recently hosted Yale Professor Daniel Esty on an episode of the Environmental Insights podcast, to talk about what the election of President Joe Biden means for climate policy. The two scholars, both members of RFF’s Board of Directors, discuss the history of environmental policy since the George H. W.
Big Decisions: The Future of US Environmental and Energy Policy
Resources Radio is a weekly podcast launched in late 2018 and produced by the Resources editorial team and Resources for the Future (RFF). Guest hosts Richard G. Newell, president and CEO of RFF, and Susan F. Tierney, chair of RFF’s Board of Directors, sat in for a month-long spin-off series that we launched last fall.
Big Decisions: The Future of US Environmental and Energy Policy
Resources Radio is a weekly podcast launched in late 2018 and produced by the Resources editorial team and Resources for the Future (RFF). Guest hosts Richard G. Newell, president and CEO of RFF, and Susan F. Tierney, chair of RFF’s Board of Directors, sat in for a month-long spin-off series that we launched last fall.
Senior Fellow Status Update
It’s certainly the case that methodologies and ways of thinking have spilled over from environmental economics to other areas of economics. And some spillovers have gone in the opposite direction, such as randomized control trials, which are now used in environmental economics—particularly for studying environmental issues in developing countries. Yes, that’s definitely true. Together with Joseph E.
The Future of Fossil Fuels in a Decarbonized United States
Natural gas is a different footprint. Let me give a big shout-out to Texas and Pennsylvania, which are the two places that lead the country in gas production and oil production, because the two resources often are colocated. The development of shale gas in the eastern part of the United States is newer than production in the gas and oil regions down in the Gulf and the Lower Plains States.
2022 Year in Review: Energy and Environmental Policy, with Catherine Wolfram and John Larsen
The Full Transcript Daniel Raimi: Hello, and welcome to Resources Radio, a weekly podcast for Resources for the Future. I’m your host, Daniel Raimi. Today it’s our annual end-of-the-year episode, where we look back at the year that was and look ahead to the year that will be.
Supporter Spotlight: Active Engagement Produces Impact
Resources magazine recently spoke with Dick Schmalensee, a longtime friend of RFF and chair emeritus of RFF’s Board of Directors. Schmalensee has been a member of the Council of Economic Advisers, dean of the Sloan School of Management at the Massachusetts Institute of Technology (MIT), and a consultant to private companies—all of which helps him provide unique insights into building a healthy environment and thriving economy. Below are excerpts from the conversation.
Designing Climate Policy for the Electricity Sector
Karen Palmer: The administration’s climate change policy largely focuses on using subsidies in the form of tax credits to encourage clean electricity. That’s true in terms of legislation, but other activities also are going on. The fact that the administration wasn’t fully able to price carbon doesn’t mean that we won’t see efforts to address emissions from emitting sources, which aren’t directly targeted under the subsidies.
Crossed Wires: Modernizing the US Electric Grid
The Present Everything changed at the turn of this century. Investment grew in wind and solar power generation, thanks to a combination of federal subsidies, new mandates in many states for wind and solar energy, and dramatic declines in the cost of wind and solar power generation. Old fossil fuel–powered generators, particularly the large coal-fired plants that had dominated production for decades, began to retire.
Tax Credit Choice for Solar and Wind Power in the Inflation Reduction Act
Regulated Utilities In regulated markets, utilities are allowed to own power-generation assets, but federal law has limited the appeal of owning ITC projects. Tax normalization rules have required that utilities spread the ITC value over the operating life of the asset, thus diminishing the present value of the credit and increasing the cost of electricity generation.
COP27 in Context
RFF University Fellow Robert N. Stavins spoke with RFF Senior Fellow Raymond J. Kopp about international climate policy and prominent issues at the most recent United Nations conference on climate change. The 27th United Nations Climate Change Conference, also known as the Conference of the Parties or COP27, concluded over the weekend. Raymond J.
The Future of Fossil Fuels in a Decarbonized United States, with Susan Tierney
Daniel Raimi: Hello, and welcome to Resources Radio, a weekly podcast from Resources for the Future. I'm your host, Daniel Raimi. Today, we welcome back Sue Tierney, a senior advisor at the Analysis Group and chair of the board of directors at RFF. This is the third episode where we dig deep on a chapter from the recent National Academies report on accelerating decarbonization in the United States. This time, we'll talk about the future of fossil fuels in the United States.
Combating Climate Change with Economic Incentives
What drives your interest in applying economics to environmental challenges, such as reducing emissions and tackling climate change? When I went into economics, my motivation was to understand human behavior. If you want to understand human behavior, you need to understand incentives. With the right incentives, seven billion economic agents make the right decisions, given the prices that they see.
Building Walls or Bridges? Economic Development and Technological Change, with Glenn Hubbard
The Full Transcript Daniel Raimi: Hello, and welcome to Resources Radio, a weekly podcast for Resources for the Future (RFF). I'm your host, Daniel Raimi. Today, we talk with Glen Hubbard, dean emeritus and Russell L. Carson Professor of Finance and Economics at the Columbia University Business School, and a member of RFF's Board of Directors.
Climate Policy in the Courts
Robert N. Stavins: Let’s talk about climate policy, especially from a legal perspective. I assume that the most important and most prominent legal event affecting climate policy was the Supreme Court decision in West Virginia v. EPA. Can you briefly summarize that decision? Jeffrey R. Holmstead: The West Virginia v. EPA decision is probably the most important decision in administrative law in the last 20 or 30 years, given the way that the Supreme Court approached it.
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