OUR MENTAL MODELS OF MINERAL DEPLETION—AND WHY THEY MATTER
Shortages of mineral commodities can arise for numerous reasons—mineral depletion, inadequate investment in new mines and processing facilities, unanticipated surges in demand, cartels, embargoes, wars, mine accidents, and even prolonged strikes. It is useful, however, to separate mineral commodity shortages into two distinct groups. The first includes shortages due to mineral depletion; the second, shortages owing to all other causes. May 2018.
FOSSIL FUEL SUBSIDY REFORMS AND THEIR IMPACTS ON FIRMS
While the potential adverse effects of fossil fuel subsidy reform are well documented for households, the literature has largely ignored the effect of subsidy reform on firms’ competitiveness. This paper discusses how firms are affected by, and respond to, energy price increases caused by subsidy reforms. It highlights that cost increases (both direct and indirect) do not necessarily reflect competitiveness losses, since firms have various ways to mitigate and pass on price shocks. June 27, 2017.
THE SUPPLY-SIDE EFFECT OF ENERGY EFFICIENCY LABELS
We build on research documenting demand-side consequences of energy-efficiency labels for buildings by testing for a supply-side response. We exploit a natural experiment to test whether the introduction of mandatory energy labels for residential homes influenced investment in home energy efficiency. January 2016.
BRIBES, BUREAUCRACIES, AND BLACKOUTS: TOWARDS UNDERSTANDING HOW CORRUPTION AT THE FIRM LEVEL IMPACTS ELECTRICITY RELIABILITY 12.1.15
BRIBES, BUREAUCRACIES, AND BLACKOUTS: TOWARDS UNDERSTANDING HOW CORRUPTION AT THE FIRM LEVEL IMPACTS ELECTRICITY RELIABILITY
This paper looks at whether bribes for electricity connections affect electricity reliability. Using detailed firm-level data, we estimate various specifications based upon repeated cross-sections and means-based pseudo-panels to show that bribes are closely related to poorer electricity reliability. December 2015.
DETERMINING THE SUCCESS OF CARBON CAPTURE AND STORAGE PROJECTS
Using data on planned, cancelled, and operational CCS projects, this paper aims to elicit characteristics that render CCS projects likely to become operational. These results suggest that a focus on storage site selection and beneficial uses of carbon dioxide would encourage CCS development. November 2015.
ETHANOL MANDATE AND CORN PRICE VOLATILITY
Food price shocks can have substantial welfare implications, particularly in the world’s low income regions. A number of previous studies has shown that the United States ethanol mandate has increased average corn price levels. Our results suggest that the ethanol mandate has increased the likelihood of very high price levels by even more than previously thought. November 2015.
RATIONALIZING TRANSPORT FUELS PRICING POLICIES AND EFFECTS ON GLOBAL FUEL CONSUMPTION, EMISSIONS GOVERNMENT REVENUES AND WELFARE November 2015
RATIONALIZING TRANSPORT FUELS PRICING POLICIES AND EFFECTS ON GLOBAL FUEL CONSUMPTION, EMISSIONS GOVERNMENT REVENUES AND WELFARE
Society bears many costs when consumers use transport fuels like gasoline and diesel. To name a few impacts, consumption of transport fuels adds to climate change, local pollution, traffic congestion, and traffic accidents. Fuel consumers do not directly bear the burden of those impacts. November 2015.
OPTIMAL ENVIRONMENTAL BORDER ADJUSTMENTS UNDER THE GENERAL AGREEMENT ON TARIFFS AND TRADE November 2015
OPTIMAL ENVIRONMENTAL BORDER ADJUSTMENTS UNDER THE GENERAL AGREEMENT ON TARIFFS AND TRADE
Climate change is a global problem, and while coordinated efforts to mitigate climate change can reduce the global cost of action, some countries may choose to not participate. To address “free rider concerns, countries might consider trade restrictions to prevent emissions from shifting to non-regulated regions. We analyze trade policies that could be used to support regional carbon reductions. November 2015.
WHY HAVE GREENHOUSE EMISSIONS IN RGGI STATES DECLINED? AN ECONOMETRIC ATTRIBUTION TO ECONOMIC, ENERGY MARKET AND POLICY FACTORS November 2015
WHY HAVE GREENHOUSE EMISSIONS IN RGGI STATES DECLINED? AN ECONOMETRIC ATTRIBUTION TO ECONOMIC, ENERGY MARKET AND POLICY FACTORS
The Regional Greenhouse Gas Initiative (RGGI) is a consortium of northeastern U.S. states that have agreed to limit carbon dioxide (CO2) emissions from electricity generation through a regional emissions trading (cap-and-trade) program. Since the initiative came into effect in 2009, CO2 emissions have dropped precipitously, while the price of emission allowances has also fallen. We investigate why emission reductions were achieved so quickly and so inexpensively. November 2015.
POLICY LABELS AND INVESTMENT DECISION-MAKING
In this paper we show that the WFP has distortionary effects on the renewable technology market. Using the sharp eligibility criteria of the WFP in a Regression Discontinuity Design, this analysis finds a reduction in the propensity to install renewable energy technologies of around 2.7 percentage points due to the WFP. November 2015.
THE LOCAL ECONOMIC IMPACTS OF HYDRAULIC FRACTURING AND DETERMINANTS OF DUTCH DISEASE
There are a variety of reasons why an abundance of natural resources might reduce economic growth, including a phenomenon referred to as “Dutch Disease where a boom in local resource production leads to increased costs for other sectors. We quantify the local economic impacts of the development of unconventional shale oil and gas reserves. November 2015.
CLIMATE POLICY AND COMPETITIVENESS: POLICY GUIDANCE AND QUANTITATIVE EVIDENCE
Climate change is a global problem because greenhouse gases (GHGs) are global pollutants. Countries that undertake unilateral policies to reduce GHG emissions will incur the cost of those policies, while all countries receive the benefits. November 2015.
A ONE-TWO PUNCH: JOINT EFFECTS ON NATURAL GAS ABUNDANCE AND RENEWABLES ON COALFIRED POWER PLANTS December 2015
A ONE-TWO PUNCH: JOINT EFFECTS ON NATURAL GAS ABUNDANCE AND RENEWABLES ON COALFIRED POWER PLANTS
This paper analyzes the joint impact of natural gas prices and wind generation on coal generation to better understand the effectiveness of overlapping energy and environmental policies. The authors develop a statistical model to estimate the operations of generators across four transmission regions within the U.S. November 2015.
The Payne Institute experts are regional, national, and international leaders in applied research in natural resources, energy, and the environment. Our team is involved in a wide variety of research projects in these fields, and are committed to sharing these results with academic and professional audiences.
DISCLAIMER: The opinions, beliefs, and viewpoints expressed are those of the author alone and do not reflect the opinions, beliefs, viewpoints, or official policies of the Payne Institute or Colorado School of Mines.