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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

AbstractOver 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...

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.

Other Publications

A New Currency: Climate Change and Carbon Credits

July 2004

A new currency is emerging in world markets.

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...

People

Mark C. Thurber Associate Director for Research