United States

Reducing the Carbon Footprint of Harvard’s Endowment: A Review of Information Gaps and Potential Leverage Points

This working paper identifies some of the major gaps in Harvard’s existing reporting on the climate impacts of its endowment; potential leverage points to address these gaps; and some next steps to develop solutions that protect investment flexibility for Harvard Management Company while greatly and rapidly improving transparency.  These improvements are ne

An Analysis of Federal Incentives Used to Stimulate Energy Consumption

This report is one of a series of analyses of public incentives directed toward energy resources. The purpose of the series is to gain insights into the kinds and amounts of public incentives that could be required to induce 20% of the nation's energy budget from renewable resources by the year 2000. The initial analysis focused on federal incentives used to stimulate traditional energy production.

Energy Subsidies within PJM: A Review of Key Issues in Light of Capacity Repricing and MOPR-Ex Proposals

In its proposed tariffs to remove potential distortions caused by subsidies in capacity markets, PJM includes a number of limitations and exclusions that appear to result in unequal evaluation of subsidies across different fuel cycles. This will likely impede PJM’s core objective of ensuring competitive, nondiscriminatory auctions in the wholesale capacity market.

Discussion Draft - Energy Sector Subsidies Associated with Republican Tax Reform Plans

This review assesses the House and Senate tax reform proposals as they relate to the energy sector. Three main areas are examined: cross-cutting changes to tax rates or baselines and whether some of them will have disproportionate or distortionary impacts on particular fuels; specific energy tax expenditures that are modified or repealed in the proposals; and baseline subsidies that remain untouched.

Effect of subsidies to fossil fuel companies on United States crude oil production

Countries in the G20 have committed to phase out ‘inefficient’ fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil fuel investment returns and production, particularly for subsidies to producers. Here, we assess the impact of major federal and state subsidies on US crude oil producers.

Do Coal and Nuclear Generation Deserve Above - Market Prices ?

All 14 current rationales for mandating or subsidizing uncompetitive coal and nuclear plants lack technical merit or would favor competitors instead. Subsidizing distressed nuclear plants typically saves less carbon than closing them and reinvesting their saved operating cost into severalfold-cheaper efficiency. Carbon prices, not plant subsidies, best recognize decarbonizing attributes.

Subsidies to conventional energy in the PJM region: An initial listing

PJM Interconnection is the regional transmission operator (RTO) serving more than 60 million customers in 13 states and the District of Columbia, mostly in the mid-Atlantic region of the United States.  Incumbent base load generators have complained that subsidies to renewable resources have been cutting their ability to win capacity market auctions, stripping them of revenue.  They have been proposing adjustment factors that would improve their competitive position by adjusting bid prices to exclude the subsidy. 

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