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May 29, 2024
Response to the Environmental Protection Agency: Reducing Greenhouse Gas Emissions from New and Existing Fossil Fuel-Fired Stationary Combustion Turbines at Power Plants
Summary The Environmental Protection Agency in its “framing questions” on greenhouse gasemissions from natural gas combustion turbines at electric generating stations asserts that suchGHG emissions are important “pollutants” in the context of anthropogenic climate change. Butthat premise is not consistent with the future temperature effect — 0.017°C by 2100 — ofeliminating such emissions, as predicted…
March 1, 2024
Permitting the Energy Transition
Abstract The United States now has a landmark climate and clean energy law: the Inflation Reduction Act. The Act may provide more than a trillion dollars in spending on new clean energy technology—over $8,000 for every household in the United States. What will Americans receive for this titanic investment? The answer largely turns on how…
October 23, 2023
Spatial Spillovers and the Effects of Fiscal Stimulus: Evidence from Pandemic-Era Federal Aid for State and Local Governments
Abstract We analyse whether US federal aid to state and local governments impacted economic activity through either direct or cross-state spillover effects during the COVID-19 pandemic. Deploying an instrumental-variables framework rooted in the funding advantage of states that are over-represented in Congress, we find that federal assistance had significantly less impact on state and local…