Lower Emissions, Competitive Prices: Do Renewable Policies Deliver?
Featuring: Michael Greenstone, director of EPIC and Milton Friedman Distinguished Service Professor in Economics; Melanie Kenderdine, a principal at Energy Futures Initiative and former director of the U.S. Department of Energy (DOE) Office of Energy Policy and Systems Analysis; and McKie Campbell, managing partner of BlueWater Strategies LLC and former staff director of the U.S. Senate Energy and Natural Resources Committee. Moderated by: Amy Harder, energy reporter at Axios.
In the absence of a comprehensive, national climate policy, many state governments have implemented their own policies aimed at reducing emissions within their borders. Renewable portfolio standards (or RPS) are perhaps the best-known of these policies, requiring that a certain minimum percentage of a state’s electricity come from solar, wind, and other renewable sources. Advocates argue that such standards can reduce carbon emissions and offer consumers more choice. But there have been long-standing questions about the precise impact of these policies on electricity rates and their overall efficiency as a climate policy. Do portfolio standards increase electricity rates? By how much, and through what means? And how cost-effective are they as an emissions reduction strategy?
Join EPIC and our panel of experts as we announce new, cutting-edge research that sheds light on these and other questions and discuss the economic and climate impacts of renewable portfolio standards.
This event is part of EPIC’s Energy Inquiry & Impact Series, designed to explore the latest energy data coming out of the University of Chicago and their impacts on policy discussions. Cutting-edge findings will serve as the launching pad to frame these deep-dive conversations, as researchers and EPIC policy fellows navigate ways to translate research into solutions.
April 24, 2019 5:30 PM to 7:00 PM
Saieh Hall for Economics
5757 South University Avenue
Chicago, IL 60637
McKie Campbell is managing partner of BlueWater Strategies LLC, a bipartisan business and governmental affairs consulting firm specializing in energy, environment, and natural resources issues. He has more than 30 years of governmental and private sector energy and natural resource experience. Before joining BlueWater, Campbell was the staff director of the U.S. Senate Energy and Natural Resources Committee under Alaska Sen. Lisa Murkowski (R). In that role, Campbell worked with lawmakers from both parties in Congress and federal agencies on a wide variety of energy and natural resource issues and legislative efforts, including electric generation and transmission, hydropower, nuclear energy, oil and gas development, carbon capture and sequestration, mining development, land use and more. Prior to his tenure in Washington D.C., Campbell worked on natural resource policy in Alaska. Michael Greenstone is the Milton Friedman Distinguished Service Professor in Economics, the College and the Harris School, as well as the Director of EPIC and the Becker Friedman Institute at the University of Chicago. He previously served as the Chief Economist for President Obama’s Council of Economic Advisers, where he co-led the development of the United States Government’s social cost of carbon. Greenstone also directed The Hamilton Project, which studies policies to promote economic growth, and has since joined its Advisory Council. He is an elected member of the American Academy of Arts and Sciences, a fellow of the Econometric Society, and a former editor of the Journal of Political Economy. Before coming to the University of Chicago, Greenstone was the 3M Professor of Environmental Economics at MIT. Amy Harder (Moderator), who covers energy and climate change for Axios and writes a weekly column called Harder Line, is EPIC's inaugural Journalism Fellow. In her column and elsewhere, she reports on trends and exclusive scoops and analyzes the news driving the debate about energy and climate. Her coverage includes congressional legislation, regulations, lobbying and international policy actions affecting the United States. Previously, she covered similar issues for The Wall Street Journal, based out of its Washington, D.C., bureau. Melanie Kenderdine is a principal at Energy Future Initiatives, a non-profit founded by former U.S. Secretary of Energy Ernest Moniz that seeks to provide policymakers, industry leaders, NGOs and other leaders with analytically-based, unbiased policy options to advance a cleaner, safer, more affordable and more secure energy future. Kenderdine has held senior-level positions at the U.S. Department of Energy under two administrations, most recently, as the energy counselor to Sec. Moniz and director of the Office of Energy Policy and Systems Analysis. In this role, she wrote or edited two installments of the Quadrennial Energy Review, and provided key strategic advice on a broad range of issues across the department. Prior to that, Kenderdine was the Executive Director of the MIT Energy Initiative. She also held several posts in the Clinton administration, including senior policy advisor to the secretary, director of the Office of Policy, and deputy assistant secretary for Congressional and Intergovernmental Affairs. Prior to serving in the Clinton Administration, Kenderdine was chief of staff for New Mexico Congressman Bill Richardson. In 2014, she was named by the National Journal one of the top five women in Washington shaping energy policy and is the longest serving political appointee in DOE’s 40-year history.