Energy Markets

Energy Markets

Supplying energy to homes and businesses requires a complex regulatory and commodity structure. In the face of challenges like population growth, increased urbanization and climate change, how energy is produced, dispersed, and used is changing rapidly. What will electricity generation and supply look like a decade from now? What are the most efficient regulations to cut emissions? And how can a price on carbon be realized?

Upcoming Events

Oct 28 2014
Development of Future Nuclear Energy Systems in Korea

12:00 PM
Harris School of Public Policy, Lecture Hall 142, University of Chicago, 1155 E 60th Street, Chicago, IL

Oct 29 2014
EPIC Seminar Series: Solomon M. Hsiang

3:30PM
Harris School of Public Policy, Lecture Hall 142

Oct 31 2014
Announcement of Dissertation Funding Awards in Energy

Deadline: October 31, 2014
Energy Policy Institute at Chicago

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EPIC in the News

Oct 23 2014
Biofuels Digest: 4 Minutes With Seth Snyder, Water Initiative Leader, Argonne National Lab

After a decade as the bioenergy technology leader at Argonne, Snyder is creating a new initiative in water. He explains his vision for the research program.

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Oct 17 2014
Michael Greenstone Comments on India’s New Air Quality Index

The Government of India announced on Friday, October 17, that it would make air quality data available to the public. Michael Greenstone gave his thoughts on this announcement. 

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Oct 16 2014
Greenstone Talks Energy with Harris Students

Michael Greenstone, director of the Energy Policy Institute at Chicago, discussed ways of meeting the world’s energy needs while limiting environmental and societal damages at a talk hosted by the Harris Energy Association on October 15. The talk was part of the student-led Association’s quarterly “Energy on Tap” series.

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New Report: Improving Air, Health, Climate in India Requires Public Action

New Report: Improving Air, Health, Climate in India Requires Public Action photo

Study shows the success of environmental policies is directly reliant on public demand and action, suggesting the creation of climate change policy is also dependent on citizen action.

Just weeks after the largest climate march in history descended upon the streets of New York City, new research shows that such public demand can have a direct impact on environmental improvements and associated health benefits. The study, published in the October issue of the American Economic Review, specifically looked at India and used the country as a baseline for similar developing economies that are dealing with extreme pollution concentrations and are significant greenhouse gas emitters.

In India, particulate matter concentrations – a deadly form of pollution – are five times that of the U.S. And according to a World Health Organization report released in May, Delhi’s particulates pollution was almost three times higher than Beijing’s between 2008 and 2013.

“Effective environmental regulations in India are vital for the hundreds of millions of Indians who are seeing their life expectancy cut short due to high air pollution.  And if India chooses to regulate greenhouse gases, it will be important for the world as India increasingly becomes a major emitter of greenhouse gases,” says University of Chicago economist Michael Greenstone, an author of the study and the director of the Energy Policy Institute at Chicago (EPIC). “We find that when it comes to enforcing its strong environmental regulations, India has a mixed track record.”

To perform the analysis, Greenstone and his co-author Rema Hanna, an associate professor at the Harvard Kennedy School, compiled first-of-its-kind city-level data in India on air and water pollution, environmental regulations and infant mortality over two decades – resulting in the most comprehensive developing country dataset ever gathered on the topic. They discovered from this data that environmental policies can be effective, but are not always.  The air regulations, for instance those requiring new cars to have catalytic converters, reduced air pollution. In contrast, water pollution regulations were not associated with improvements in any of the available measures of water quality.

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EPIC features publications from a researches on a variety of energy-related topics.

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