Policy Briefs

Aldy, J. E. (2021). The Role of Fossil Fuel Subsidies in Preventing Action on the Climate Crisis. Environment Subcommittee of the House Oversight and Reform Committee. Full Text.pdf
Aldy, J. E., Evans, M., Palmer, K., Fowlie, M., Levinson, A., & Kotchen, M. (2021). The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury and Air Toxics Standards. Review of Environmental Economics and Policy , 15 (1), 163-168. Full Text.pdf
Aldy, J. E. (2020). The Incredible Benefits of the Clean Air Act’s Half Century. The Environmental Forum , (Nov/Dec 2020), 13. Full Text.pdf
Aldy, J. E. (2020). Crafting a Climate-Oriented Stimulus Recovery Program. The Environmental Forum , (Sept/Oct 2020), 15. full_text.pdf
Aldy, J. E. (2020). Employing a Broader Policy Toolkit to Mitigate Climate Change Risks. The Environmental Forum , Jul/Aug 2020, 15. aldy_forum_2020_jul-aug.pdf
Aldy, J. E. (2020). Data from Expanded Surveillance Shows the Value of Information . The Environmental Forum , (May/June), 15. Full Text.pdf
Aldy, J. E. (2020). Markets Don't Deny the Existence or Risks of Climate Change. The Environmental Forum , (Mar/Apr 2020), 15. Full Text.pdf
Aldy, J. E. (2020). Managing the Environmental and Cost Uncertainties in Carbon Pricing. The Environmental Forum , (Jan/Feb 2020), 15. Full Text
Aldy, J., Kotchen, M., Evans, M., Fowlie, M., Levinson, A., & Palmer, K. (2019). Report on the Proposed Changes to the Federal Mercury and Air Toxics Standards (pp. 39) . External Environmental Economics Advisory Committee. Final Report
Aldy, J. E. (2019). Evaluating Development Given Our Obligation to Future Generations. The Environmental Forum , (Nov/Dec 2019), 17. Full Text
Aldy, J. E. (2019). More Study Needed of the Overall Impact of Rules on American Society. The Environmental Forum , (July/August 2019), 15. Full Text
Aldy, J. E., & Gianfrate, G. (2019). Future-Proof Your Climate Strategy. Harvard Business Review , (May/June 2019), 86-97. Full Text
Aldy, J. E. (2019). Benefits Are Benefits — Regardless of How They Are Legally Obtained. Environmental Law Forum , (May/June 2019), 15. Full Text
Aldy, J. E. (2019). A Few Keys to Saving the Planet Cost-effectively. The Environmental Forum , (March/April 2019), 50. Full Text
Aldy, J. E. (2018). Improving Regulatory Transparency Through Retrospective Analysis. The Regulatory Review. Full Text
Aldy, J. E. (2018). Trade Shifts Pollution More than Regs Shift Trade. The Environmental Forum , (Sept/Oct 2018), pp. 52. Full Text
Houde, S., & Aldy, J. E. (2018). Consumers' Response to State Energy Efficient Appliance Rebate Programs. Cato Research Briefs in Economic Policy. Full Paper.pdf
Aldy, J. E. (2017). Congressional Testimony to United States House Committee on Energy and Commerce, Subcommittee on Energy, hearing on "Federal Energy Related Tax Policy and Its Effects on Markets, Prices, and Consumers". Full Testimony.pdf
Aldy, J. E. (2017). How the United States could Benefit from Eliminating Ineffective Fossil Fuel Subsidies. Scholars Strategy Network. Full TextAbstract

For more than a century, the U.S. federal government has subsidized the production of fossil fuels through the tax code. These tax expenditures – amounting to de facto government spending – lower the cost of investment and increase the revenues from fossil fuel production. However, research shows that the subsidies do very little to increase U.S. fossil fuel production, because the impact of subsidy use on investment decisions depends on other factors such as technological improvements in oil and gas drilling, shifts in energy demand in the global energy market, production decisions by the Organization of the Petroleum Exporting Countries, and unsettling political events in the Middle East. Without achieving much, if any, useful economic impact, fossil fuel subsidies are transferring about $4 billion annually from the pockets of taxpayers into those of fossil fuel producers.

Aldy, J. E. (2017). Waiving Environmental Regulations in Response to Fuel Market Disruptions. Kleinman Center for Energy Policy. Full Text