University of California Energy Institute

Displaying 1-6 of 6 results

  • White Papers // Sep 2009

    Explaining The Price Of Voluntary Carbon Offsets

    This paper investigates factors that explain the large variability in the price of voluntary carbon offsets. The authors estimate hedonic price functions using a variety of provider- and project-level characteristics as explanatory variables. They find that providers located in Europe sell offsets at prices that are approximately 30 percent higher...

    Provided By University of California Energy Institute

  • White Papers // Sep 2009

    Do Americans Consume Too Little Natural Gas? An Empirical Test Of Marginal Cost Pricing

    A standard result in regulation is that efficiency requires that marginal prices be set equal to marginal costs. This paper performs an empirical test of marginal cost pricing in the natural gas distribution market in the United States during the period 1989-2008. For all 50 states the authors reject the...

    Provided By University of California Energy Institute

  • White Papers // Sep 2009

    Why Do Companies Rent Green? Real Property And Corporate Social Responsibility

    This paper provides the first systematic analysis of the choice by organizations to occupy green office space. They develop a framework of ecological responsiveness, and they formulate five propositions to explain why specific firms and industries may be more likely to lease green space. They test these propositions by analyzing...

    Provided By University of California Energy Institute

  • White Papers // Aug 2009

    Taxes And Trading Versus Intensity Standards: Second-Best Environmental Policies With Incomplete Regulation (Leakage) Or Market Power

    This paper investigates whether an emissions tax is the best policy in the presence of incomplete regulation (leakage) or market power by analyzing an intensity standard regulating emissions per unit of output. With no other market failures, an intensity standard is indeed inferior, although combining it with consumption tax eliminates...

    Provided By University of California Energy Institute

  • White Papers // Aug 2009

    When It comes To Demand Response, Is FERC Its Own Worst Enemy?

    The traditional approach to demand response of paying for a customer's electricity consumption reductions relative to an administratively set baseline is currently being advocated by the Federal Energy Regulatory Commission (FERC) as a way to foster the participation of final consumers in formal wholesale markets. Although these efforts may lead...

    Provided By University of California Energy Institute

  • White Papers // Aug 2009

    Doing Well By Doing Good? Green Office Buildings

    This paper provides the first credible evidence on the economic value of the certification of "Green buildings" - value derived from impersonal market transactions rather than engineering estimates. For some 10,000 subject and control buildings, the authors match publicly available information on the addresses of Energy Star and LEED-rated office...

    Provided By University of California Energy Institute

  • White Papers // Aug 2009

    When It comes To Demand Response, Is FERC Its Own Worst Enemy?

    The traditional approach to demand response of paying for a customer's electricity consumption reductions relative to an administratively set baseline is currently being advocated by the Federal Energy Regulatory Commission (FERC) as a way to foster the participation of final consumers in formal wholesale markets. Although these efforts may lead...

    Provided By University of California Energy Institute

  • White Papers // Aug 2009

    Taxes And Trading Versus Intensity Standards: Second-Best Environmental Policies With Incomplete Regulation (Leakage) Or Market Power

    This paper investigates whether an emissions tax is the best policy in the presence of incomplete regulation (leakage) or market power by analyzing an intensity standard regulating emissions per unit of output. With no other market failures, an intensity standard is indeed inferior, although combining it with consumption tax eliminates...

    Provided By University of California Energy Institute

  • White Papers // Sep 2009

    Explaining The Price Of Voluntary Carbon Offsets

    This paper investigates factors that explain the large variability in the price of voluntary carbon offsets. The authors estimate hedonic price functions using a variety of provider- and project-level characteristics as explanatory variables. They find that providers located in Europe sell offsets at prices that are approximately 30 percent higher...

    Provided By University of California Energy Institute

  • White Papers // Sep 2009

    Do Americans Consume Too Little Natural Gas? An Empirical Test Of Marginal Cost Pricing

    A standard result in regulation is that efficiency requires that marginal prices be set equal to marginal costs. This paper performs an empirical test of marginal cost pricing in the natural gas distribution market in the United States during the period 1989-2008. For all 50 states the authors reject the...

    Provided By University of California Energy Institute

  • White Papers // Aug 2009

    Doing Well By Doing Good? Green Office Buildings

    This paper provides the first credible evidence on the economic value of the certification of "Green buildings" - value derived from impersonal market transactions rather than engineering estimates. For some 10,000 subject and control buildings, the authors match publicly available information on the addresses of Energy Star and LEED-rated office...

    Provided By University of California Energy Institute

  • White Papers // Sep 2009

    Why Do Companies Rent Green? Real Property And Corporate Social Responsibility

    This paper provides the first systematic analysis of the choice by organizations to occupy green office space. They develop a framework of ecological responsiveness, and they formulate five propositions to explain why specific firms and industries may be more likely to lease green space. They test these propositions by analyzing...

    Provided By University of California Energy Institute