We need to put a price on carbon and hold corporate polluters accountable. RT if you're on board.

So it's not all bad news: BBB w/o CEPP gets us some significant reductions and they model CEPP under very generous terms (no gaming, all grant $'s going to new clean energy)

Me: how did your lego figures get up there? 6yo: I put them up there. Me: How? 6yo: I climbed up the wall. So I live w/ Spiderman

Of course my son’s school would have a snow day on the day I present at #ASSA2022. Et tu 2022

Saw a few posts on EPIC/RhG study. Low solar/wind costs make ben-to-cost of PTC/ITC quite high now. OTH, emiss reduction is small (13% below BaU). I suspect cost effectiveness of PTC/ITC falls as we get larger emiss cuts epic.uchicago.edu/area-of-focus/…

Hope they rollout in a way that allows estimates of how fixed pricing affects vmt. If my calc is right, the break-even annual miles one would have to go is pretty close to ⁦David Rapson⁩ est of avg annual vmt’s for EVs utilitydive.com/news/duke-may-…

Some important changes in the Market Stability Reserve of EU-ETS announced by EC yesterday. Specifically, the release of permits from the reserve will now be price-based instead of allowances-in-circulation based, a move Pierre Noël suggested: energypolicy.columbia.edu/research/comme…

This paper seems extremely timely given the analyses of the Inflation Reduction Act coming out that show significant reductions in transportation sector emissions

Not sure I buy Duke here either, but option value is real. W/ high price volatility it’s a bigger deal. Big energy system models don’t generally pick up uncert. that drives opt. val. Would be interesting to see if cost/effic. uncertainties will delay clean energy deployment

via The New York Times my son is really into parkour and I’m really into all things energy - finally our worlds collide nytimes.com/video/world/eu…

Getting a new waterheater (wh). 1st person suggests heatpump(hp) wh. 2nd guy says crawlspace is too small to install a hp wh that meets code. Both gave tankless quotes that r not eligible for IRA-tax credits. Punchline-I have no idea how much energy efficiency IRA will deliver.

There is a strong push for deliverability restrictions in H2 subsidies: canarymedia.com/articles/hydro… However, our new WP (w/ Stephen Holland and Andy Yates) presents some evidence for why we it's hard to justify our H2 subsidies if we do: nber.org/papers/w31902

The DOE is sticking to the “deliver ability” part of the 3 pillars: energy.gov/sites/default/… Despite claims of an overwhelming consensus backing the 3 pillars, deliverability makes the $3/kg subsidy hard to justify: nber.org/papers/w31902

I always looked at REPEAT/Rhodium analysis as best case scenario wrt clean cap additions. Lots of hard-to-model incentives and barriers that need to be overcome to reach those massive cap addn predictions