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?

EPIC in the News

Nov 25 2014
Marketplace: The hidden dangers of low oil prices

Marketplace's Dan Weissmann gets EPIC Director Michael Greenstone's take on the dangers to oil-producing states.

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Nov 25 2014
Star Tribune: Clean energy groups join N.D.-Minn. energy appeal

UChicago Law's Mark Templeton gives his take on a two-year legal battle over a state energy law’s effect on coal-burning utilities. 

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Nov 25 2014
EPIC’s November News Wrap-Up

Check out what we've been up to this month...

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EPA’s Clean Power Plan: Economic Strengths and Weaknesses

EPA’s Clean Power Plan: Economic Strengths and Weaknesses photo

Thirteen top economists analyze the Obama Administration’s main climate policy in Science.

An analysis of the Obama Administration’s plan for reducing carbon emissions from power plants suggests that while the plan provides flexibility, allowing emissions to be reduced in cost-effective ways, additional reforms could permit further emissions reduction for the least cost.

The Obama Administration’s Clean Power Plan, released in June 2014 and seeking public comments until December 1, aims to reduce carbon emissions from existing power plants by 30 percent (below 2005 levels) by 2030. Under the rule, states are required to develop plans to meet specific standards devised by the EPA. In the latest edition of Science, economists from the University of Chicago, Stanford, Yale, Harvard, MIT and the University of California-Berkeley and Davis have come together to give their take on the plan. Specifically, they assess whether the plan will achieve its intended emissions reductions, and how it can do so in the most cost-effective manner.

“The Clean Power Plan demonstrates that the United States is serious about confronting climate change. It will provide the U.S. with critical leverage in the international climate negotiations next year in Paris,” says Michael Greenstone, one of the authors of the Science analysis and the director of the University of Chicago’s Energy Policy Institute at Chicago (EPIC).

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Publications Database

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

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