vlog

Harvard Kennedy School faculty disseminate their research in working publications and papers that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Publications

Aldy, Joseph. "Trump Deregulatory Acts Focus on Costs, Not Overall Well-Being." Environmental Forum, 42.3, May-June 2025, 15.

Bradt, Jacob T. and Joseph E. Aldy. "Private Benefits from Public Investment in Climate Adaptation and Resilience." March 24, 2025.
Sinha, Jayant, Robert Stavins, Jessica Seddon, and Arunabha Ghosh. "Energy, Climate, Growth." Navigating Challenges for Sustainable Growth. Ed. Suman Bery, Kapil Kapoor, and Jean-Louis Arcand. Singapore: Springer, 2025, 1-18.
Aldy, Joseph E., Forest L. Reinhardt, and Robert N. Stavins. "Methane Abatement Costs in the Oil and Gas Industry: Survey and Synthesis." NBER Working Paper Series, March 2025.
Aldy, Joseph. "Important Economic Benefits of a Bipartisan Climate Change Policy." Environmental Forum, 42.1, January/February 2025, 15.
Aldy, Joseph. "How Big is the “Biggest Climate Spending Bill Ever?” Key Factors Influencing the Inflation Reduction Act’s Clean Energy Impacts." RWP24-007, November 2024.
Aldy, Joseph, Todd D. Gerarden, and Richard L. Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." Journal of the Association of Environmental and Resource Economists 10.4 (July 2023): 981-1018.
Nesser, Hannah, Daniel J. Jacob, Joannes D. Maasakkers, Alba Lorente, Zichong Chen, Xiao Lu, Lu Shen, Zhen Qu, Melissa P. Sulprizio, Margaux Winter, Shuang Ma, A. Anthony Bloom, John R. Worden, Robert N. Stavins, and Cynthia A. Randles. "High-resolution U.S. methane emissions inferred from an inversion of 2019 TROPOMI satellite data: contributions from individual states, urban areas, and landfills." EGUsphere [preprint] (June 13, 2023).
Aldy, Joseph, Patrick Bolton, Marcin Kacperczyk, and Zachery M. Halem. "Behind schedule: The corporate effort to fulfill climate obligations." Journal of Applied Corporate Finance 35.2 (Spring 2023): 26-34.
Chen, Zichong, Daniel J. Jacob, Ritesh Gautam, Mark Omara, Robert N. Stavins, Robert C. Stowe, Hannah Nesser, Melissa P. Sulprizio, Alba Lorente, Daniel J. Varon, Xiao Lu, Lu Shen, Zhen Qu, Drew C. Pendergrass, and Sarah Hancock. "Satellite quantification of methane emissions and oil–gas methane intensities from individual countries in the Middle East and North Africa: implications for climate action." Atmospheric Chemistry and Physics 23.10 (31 May 2023): 5945-5967.
Aldy, Joseph E., and Maximilian Auffhammer. "Localizing Environmental Regulation: The Case of Boutique Fuels." Resources for the Future, May 2023.
Aldy, Joseph, Patrick Bolton, Zachery Halem, Marcin T. Kacperczyk, and Peter R. Orszag. "Show and Tell: An Analysis of Corporate Climate Messaging and its Financial Impacts." April 22, 2023.
Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III & Maureen L. Cropper. "How Is the US Pricing Carbon? How Could We Price Carbon?" vlog Faculty Research Working Paper Series RWP22-018, October 2022.
Aldy, Joseph E., and Sarah Armitage. "The Welfare Implications of Carbon Price Certainty." Journal of the Association of Environmental and Resource Economists 9.5 (September 2022): 843-1046.
Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III, and Maureen L. Cropper. "How is the U.S. Pricing Carbon? How Could We Price Carbon?" Journal of Benefit-Cost Analysis 13.3 (Fall 2022): 310-334.
Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." vlog Faculty Research Working Paper Series RWP22-010, August 2022.
Meckling, Jonas, Joseph E. Aldy, and Matthew J. Kotchen, Sanya Carley, Daniel C. Esty, Peter A. Raymond, Bella Tonkonogy, Charles Harper, Gillian Sawyer, and Julia Sweatman. "Busting the myths around public investment in clean energy." Nature Energy 7 (July 2022): 563–565.
Sardonis, Amanda, and Henry Lee. "Partnerships under Pressure: Lessons on Adaptation and Overcoming Challenges." Partnerships for Sustainability in Contemporary Global Governance: Pathways to Effectiveness. Ed. Liliana B. Andonova, Moira V. Faul, and Dario Piselli. Routledge, 2022, 189-212.
Aldy, Joseph, and Armitage, Sarah. "The Welfare Implications of Carbon Price Certainty." vlog Faculty Research Working Paper Series RWP22-003, May 2022.
Stavins, Robert N. "What will happen with US climate policy under the Biden Administration?" Greening Europe's Post-COVID-19 Recovery. Ed. Simone Tagliapietra, Guntram B. Wolff, and Georg Zachmann. Bruegel, February 2022, 140-151.
Stavins, Robert N. "The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading." Review of Environmental Economics and Policy 16.1 (Winter 2022): 62-82.
Joseph E. Aldy, Tyler Felgenhauer, William A. Pizer, Massimo Tavoni, Mariia Belaia, Mark E. Borsuk, Arunabha Ghosh, Garth Heutel, Daniel Heyen, Joshua Horton, David Keith, Christine Merk, Juan Moreno-Cruz, Jesse L. Reynolds, Katharine Ricke, Wilfried Rickels, Soheil Shayegh, Wake Smith, Simone Tilmes, Gernot Wagner, and Jonathan B. Wiener. "Social science research to inform solar geoengineering." Science 374.6569 (2021): 815-818.
Aldy, Joseph et al. "Social Science Research to Inform Solar Geoengineering." Science 374.6569 (2021): 815-818.
Hahn, Robert and Robert Stavins. "Why cap-and-trade should (and does) have appeal to politicians." Combatting Climate Change: a CEPR Collection. Ed. Beatrice Weder di Mauro. CEPR Press, 2021, 259-264.
Stavins, Robert N., and Sheila M. Olmstead. "Environmental Insights: Conversations on policy and practice from the Harvard Environmental Economics Program." Harvard Environmental Economics Program, October 2021.
Aldy, Joseph. "Addressing the Leakage and Competitiveness Risks of Climate Policy." RFF Issue Briefs, October 2021.
Aldy, Joseph, Matthew L. Kotchen, Robert N. Stavins, and James H. Stock. "Keep Climate Policy Focused on the Social Cost of Carbon." Science 373.6557 (2021): 850-852.
Edmonds, James, Sha Yu, Haewon Mcjeon, Dirk Forrister, Joseph Aldy, Nathan Hultman, Ryna Cui, Stephanie Waldhoff, Leon Clarke, Stefano de Clara, and Clayton Munnings. "How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?" Climate Change Economics 12.2 (2021).
Bento, Nuno, Gianfranco Gianfrate, and Joseph E. Aldy. "National Climate Policies and Corporate Internal Carbon Pricing." The Energy Journal 42.5 (2021).
Aldy, Joseph. "Testimony on the Elimination of Fossil Fuel Subsidies to the US Subcommittee on the Environment." US House Oversight Committee, April 22, 2021.
Lee, Henry, and Abigail Mayer. "The Future of Carbon Offset Markets." Environment and Natural Resources Program, Belfer Center for Science and International Affairs, October 22, 2020.
Aldy, Joseph, and Robert N. Stavins. "Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy." vlog Faculty Research Working Paper Series RWP20-022, July 2020.
Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." Southern Economic Journal 87.1 (July 2020): 3-29.
Bilmes, Linda J., and John B. Loomis. Valuing U.S. National Parks and Programs: America's Best Investment, 1st edition. Routledge, 2020.
Aldy, Joseph, and Sarah Armitage. "The Cost-Effectiveness Implications of Carbon Price Certainty." American Economic Association Papers and Proceedings 110 (May 2020): 113-118.
Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." vlog Faculty Research Working Paper Series RWP20-009, April 2020.
Chen, Cuicui, and Henry Lee. "The Value of Carbon Capture, Utilization, and Sequestration." Environment and Natural Resources Program, Belfer Center for Science and International Affairs, March 4, 2020.
Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020): 76-94.
De Blasio, Nicola, and Henry Lee. "Saudi Arabia’s Energy Infrastructure Under Attack. What’s Next?" National Interest, October 6, 2019.
Hogan, William W., Chiara Lo Prete, Bingyuan Liu, and Jia Wang. "Cross-product Manipulation in Electricity Markets, Microstructure Models and Asymmetric Information." Energy Journal 40.5 (June 2019): 221-246.
Aldy, Joseph, and Gianfranco Gianfrate. "Future-Proof Your Climate Strategy." Harvard Business Review. May/June 2019, 91-101.
Qiao, Qinyu, and Henry Lee. "The Role of Electric Vehicles in Decarbonizing China’s Transportation Sector." Environment and Natural Resources Program, Belfer Center for Science and International Affairs, April 2019.
Lee, Henry. "Saving Natural Gas through Regulation." National Interest, March 31, 2019.
Hogan, William W. "Market Design Practices: Which Ones Are Best? [In My View]." IEEE Power and Energy 17.1 (January/February 2019).
Hogan, William W. "A Primer on Transmission Benefits and Cost Allocation." Economics of Energy & Environmental Policy 7.1 (March 2018).
Aldy, Joseph, and Sebastien Houde. "Consumers’ Response to State Energy Efficient Appliance Rebate Programs." American Economic Journal: Economic Policy 9.4 (November 2017): 227-225.
Hogan, William W. (committee member). The Power of Change: Innovation for Development and Deployment of Increasingly Clean Electric Power Technologies. National Academies of Science, Engineering, and Medicine, 2016.
Hogan, William W. "A Cleaner Energy System: Renewable Energy and Electricity Market Design [In My View]." IEEE Power & Energy Magazine. July 2015.
Hogan, William W. "Electricity Scarcity Pricing Through Operating Reserves." Economics of Energy & Environmental Policy 2.2 (September 2013).
Hogan, William W. "Financial Transmission Rights: Point-to-Point Formulations." Financial Transmission Rights: Analysis, Experiences, and Prospects. Ed. Juan Rosellon and Tarjei Kristiansen. Springer, 2013.