Working Papers

Does Self-Reporting Measure Up? Environmental Misreporting in the Bakken

Self-reporting is a common public policy tool. In the US, polluters self-report under major environmental policies like the Clean Air Act and the Clean Water Act. However, reporting parties often have the incentive to misreport, for example, to avoid …

Detection and temperature estimation of gas flares with nocturnal Landsat OLI

Natural gas flaring is a worldwide polluting activity carried out during oil production. Satellite imagery has emerged as a low-cost, objective tool to measure and monitor gas flaring. Since 2012, hectometre-resolution infrared imagery from the Suomi …

How does the US Market Value Greenhouse Gas Emissions? Evidence from the Electricity Sector

How do US investors value greenhouse gas emissions of publicly listed firms? This paper quantifies the impact of power plants’ mandatory disclosure of greenhouse gas (GHG) emissions on the stock returns of firms that own the plants. Using a …

On-Bill Repayment: Repaying Clean Energy Investments on Utility Bills

Clean energy investing is a proven yet mostly untapped opportunity for improving Americas’ economic and environmental prospects. There is massive potential for profitable investment in energy efficiency (EE) and localized distributed generation (DG), …

The Rebound Effect in a More Fuel Efficient Transportation Sector

Energy efficiency measures are typically met with a small but often persistent 'rebound effect' that manifests itself across various spheres: Install a more efficient air conditioning unit, lose some of the savings by setting the temperature lower. …