You have JavaScript turned off! Javascript is required for the best experience on this site.

Papers

Policy Proposal Dec 13, 2017

Promoting Energy Innovation with Lessons from Drug Development

Despite progress toward a cleaner energy system, current U.S. policies appear insufficient to reduce emissions enough to avoid catastrophic climate change while sustaining economic growth. Energy innovation is a crucial part of addressing this problem, but a number of inefficiencies persist in the innovation system. To address this, Goldstein, Azoulay, Graff Zivin, and Bulović examine practices and institutions that successfully support the pharmaceutical innovation system and that hold important lessons for energy innovation.

Policy Proposal Mar 27, 2017

The Next Generation of Transportation Policy

In this paper, Greenstone, Sunstein and Ori propose two major steps towards simplifying fuel efficiency standards and refocusing the program on achieving guaranteed emissions reductions at lower cost to automakers. First, they propose targeting greenhouse gas (GHG) emissions directly, without differentiating by vehicle types and sizes, using data to project a given vehicle’s lifetime greenhouse gas emissions. Second they recommend establishing a robust cap-and-trade market to reduce compliance costs for automakers while providing considerably more certainty about the future path of carbon dioxide emissions.