Skip to:

Energy

Energy

This image is having trouble loading!FSI researchers examine the role of energy sources from regulatory, economic and societal angles. The Program on Energy and Sustainable Development (PESD) investigates how the production and consumption of energy affect human welfare and environmental quality. Professors assess natural gas and coal markets, as well as the smart energy grid and how to create effective climate policy in an imperfect world. This includes how state-owned enterprises – like oil companies – affect energy markets around the world. Regulatory barriers are examined for understanding obstacles to lowering carbon in energy services. Realistic cap and trade policies in California are studied, as is the creation of a giant coal market in China.

Recent Scholarly Publications

Records 24 / 160

The strategic effects of lack of transparency and forward contracting by generators with market power

April 2018

The ability of an electricity-generating firm with market power to influence the market price depends strongly on the volume the firm has pre-sold in the forward, or hedge, markets.

Simulating the interaction of a renewable portfolio standard with electricity and carbon markets

May 2015

The authors ran a game-based simulation of an electricity market with both an RPS and a cap-and-trade market for greenhouse gas emissions allowances.

‘Oorja’ in India: Assessing a large-scale commercial distribution of advanced biomass stoves to households

April 2014

Replacing traditional stoves with advanced alternatives that burn more cleanly has the potential to ameliorate major health problems associated with indoor air pollution in developing countries....

To Promote Adoption of Household Health Technologies, Think Beyond Health

October 2013

Health risks from poor malaria control, unsafe water, and indoor air pollution are responsible for an important share of the global disease burden—and they can be addressed by efficacious household...

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...

Wind, Coal, and the Cost of Environmental Externalities

April 2013

Abstract We compare the cost of generating electricity with coal and wind in Chile’s Central Interconnected System (SIC).

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...

Cleaning Up Coal: From climate culprit to solution

July 2012

Risk Attitudes Shape National Oil Company Strategies

June 2012

Abstract Mark C. Thurber, David R. Hults National oil companies (NOCs) often behave in strikingly different ways from one another and from private, international oil companies (IOCs).

Oil and Governance: State-owned Enterprises and the World Energy Supply

January 2012

National oil companies (NOCs) produce most of the world’s oil and natural gas and bankroll governments across the globe.

Industrial Organization of the Chinese Coal Industry

December 2011

China’s annual coal production, at 3.24 billion tonnes (Gt) in 2010, accounted for nearly half of the global total.  In this comprehensive analysis of China’s coal value chain, Jianjun Tu examines...

Rural Electrification: Strategies for Distributed Generation

December 2011

An estimated 1.6 billion people worldwide have no access to electricity. An untold number of others live with electricity that is erratic and of poor quality.

Strategic Alliances Between National and International Oil Companies

October 2011

Abstract Oil companies owned by national governments (“NOCs”) and oil companies with extensive international operations owned by diverse private investors (“IOCs”) constitute some of the largest...

Improved stoves in India: A study of sustainable business models

August 2011

Abstract: Burning of biomass for cooking is associated with health problems and climate change impacts.

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

June 2011

Abstract Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct...

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...

Bigger is Better: Avoided Deforestation Offsets in the Face of Adverse Selection

March 2011

Voluntary opt-in programs to reduce emissions in unregulated sectors or countries have spurred considerable discussion.

The Policy Tightrope in Gas-Producing Countries: Stimulating Domestic Demand Without Discouraging Supply

February 2011

Executive Summary Natural gas can offer substantial environmental, energy security, and convenience advantages over competing fuels such as coal and oil.   Gas is relatively abundant in the world,...

The Future of South African Coal: Market, Investment, and Policy Challenges

January 2011

As the world's fifth largest coal exporter and a key swing supplier between the Atlantic and Pacific coal markets, South Africa is a crucial player in global markets.  While the country has long...

On the State's Choice of Oil Company: Risk Management and the Frontier of the Petroleum Industry

December 2010

Conventional wisdom holds that oil sector nationalizations are rooted in political motives of the petroleum states, which perceive value in the direct control of resource development though a state...

Remaking the World's Largest Coal Market: The Quest to Develop Large Coal-Power Bases in China

December 2010

China's coal market is now in the midst of a radical restructuring that has the potential to change how coal is produced, traded and consumed both in China and the rest of the world.  The...

Adverse Selection in an Opt-in Emissions Trading Program: The Case of Sectoral Crediting for Transportation

September 2010

Sectoral crediting mechanisms such as sectoral no-lose targets have been proposed as a way to provide incentives for emission reductions in developing countries as part of an international climate...

Energy for Sustainable Development

September 2010

The majority of rural residents in China are dependent on traditional fuels, but the quality and quantity of existing data on the process of fuel switching in rural China are insufficient to have a...

COALMOD-World: A Model to Assess International Coal Markets Until 2030

September 2010

This paper introduces a tool to analyze the future developments of the international steam coal market, the "COALMOD-World" model.

People

Frank Wolak Senior Fellow Professor, Economics
Ognen Stojanovski Research Scholar
Mark C. Thurber Associate Director for Research
Chris Bruegge PhD Candidate
Akshaya Jha Assistant Professor at Carnegie Mellon University
Sriniketh Nagavarapu Visiting Scholar
Paul Stevens Faculty Affiliate
Peng Wuyuan Affiliated Faculty
Kathy Lung Operations Manager