Skip to:

Trade

Scholarly Publications

Carbon in the classroom: Lessons from a simulation of California’s electricity market under a stringent cap and trade system

August 2013

This paper summarizes the lessons learned from implementing a realistic, game-based simulation of California’s electricity market with a cap-and-trade market for greenhouse gas (GHG) emissions and...

Oil Scarcity Ideology in US National Security Policy, 1909‐1980

February 2013

Abstract Over the past century peak oil forecasts have had a profound influence on US national security policy.  Unquestioned acceptance of a variety of oil scarcity forecasts, all of which proved...

Australia's Black Coal Industry: Past Achievements and Future Challenges

March 2011

The world's largest coal exporter sits at a critical crossroads.  In the decades following WWII, Australia's coal industry grew from a small, fractured sector to the biggest player in international...

Other Publications

Institutions and Gas Market Security

December 2007

The developing LNG trade does not have symmetric participants.

Monthly Gas Trade in the Atlantic Basin circa 2015

December 2007

Growing LNG imports will impact the value of gas storage and regional price spreads.

Flexible LNG Supply and Gas Market Integration: A Simulation Approach for Valuing the Market Arbitrage Option

December 2007

Random (stochastic) variability in gas demand and prices creates significant option value for LNG suppliers with destination flexibility.

News

Morse panelist at the 2011 Silicon Valley Energy Summit

June 2011

Richard Morse addresses key uncertainties remaining in the implementation of cap and trade in California, speaking to leaders from business, policy, and academia in California.

Wolak's climate op-ed featured in the UK Guardian

February 2011

PESD Director Frank Wolak explain how the unknown price tag of carbon and uncertainty of US National climate policy are impeding on investments for oil substitutes.

Events

Energy Working Group: Shale Gas in China: Hype and Reality

May 9, 2012

In recent years, natural gas prices in the United States have gone from historic highs of over $12 per mmBtu in the summer of 2008, to under $2.50/mmBtu in 2012.

Energy Working Group: Modeling the World Steam Coal Market: To What Extent Does China Exercise Monopsony Power?

February 16, 2011

This EWG talk will highlight PESD's first analysis using our new coal model by demonstrating how it can be used to analyze the effects of China's import behavior on world thermal coal consumption....

Climate Policy Instruments in the Real World

September 7, 2010

The Program on Energy and Sustainable Development in collaboration with Stanford University's Graduate School of Business and Stanford Law School hosted a special conference on Climate Policy...

Projects

Climate Change Policy

Many of the most significant efforts to curb greenhouse gas emissions employ market mechanisms.  Notably, under the European Union Emissions Trading Scheme (EU ETS), major emitters in Europe are...
English

People

Mark C. Thurber Associate Director for Research