Green Mortgages
João F. Cocco (LBS, CEPR), Bernardo Mendes (LBS) and S. Lakshmi Naaraayanan (LBS, CEPR) examine the true drivers of green financing programs such as green mortgages. Are they real drivers of energy efficiency or marketing instruments?
Power Decarbonization in a Global Energy Market: The Climate Effect of U.S. LNG Exports
Costanza Abuin (Princeton University) asks if the United States can influence global electricity decarbonization through its liquified natural gas (LNG) export policy?
2023 E-axes Forum Research Prize: Honorable Mention
Mayank Kumar (University of Michigan) argues in his paper “Getting Dirty Before You Get Clean: Institutional Investment in Fossil Fuels and the Green Transition” that private investment in fossil fuel companies does not adversely affect climate outcomes but rather it can support the green transition by financing clean technologies. Specifically, the paper studies the effects of PE investment in fossil fuel on solar energy technologies.
Greenflation and implications for monetary policy
The recent experience with surging inflation, partly driven by supply shocks to the energy sector, has ampiflied concerns over “greenflation,” inflationary pressures resulting from the transition to sustainable energy sources. For this digest Conny Olovsson (ECB and Sveriges Riksbank) and David Vestin (Sveriges Riksbank) have curated the most recent literature on the theoretical and empirical findings on how greenflation arises and what central banks can do to curb it. They, and the papers they have chosen, highlight the central role for foresighted monetary policy as well as a smooth carbon taxation path.
Clean energy’s material dependencies
Hugh Miller (OECD) has selected the most recent literature looking at the consequences of a low-carbon global economy for mineral mining.
Efficient pricing of past and future CO2
Derek Lemoine (University of Arizona) introduces a novel market-based instrument that simultaneously measures and controls climate damages.