Publications

2020
Aldy, J. E., Kotchen, M., Fowlie, M., Levinson, A., & Palmer, K. (2020). Deep Flaws in a Mercury Regulatory Analysis. Science . 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. E. (2020). Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy. Review of Environmental Economics and Policy , 14 (1), 76-94. Full Text
Konisky, D. (Ed.). (2020). Pricing Pollution through Market-based Instruments. In The Handbook on U.S. Environmental Policy . Edward Elgar Publishing. Full Text
2019
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). Can a Carbon Tax Be Designed to Benefit Low-Income Households? The Environmental Forum , (Sept/Oct 2019), 15. 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). Birds of a Feather: Estimating the Value of Statistical Life from dual-earner families. Journal of Risk and Uncertainty. Full Text
Aldy, J. E. (2019). A Few Keys to Saving the Planet Cost-effectively. The Environmental Forum , (March/April 2019), 50. Full Text
2018
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
2017
Aldy, J. E. (2017). Real world headwinds for Trump climate change policy. Bulletin of the Atomic Scientists , 1-6.Abstract
It has now been 12 months since Donald J. Trump was elected President of the United States, a man who as a candidate for the job called the scientific evidence for climate change “a hoax,” vowed to deregulate the American economy from what he considered to be onerous oversight, and bring back jobs that he claimed were lost as a result of the effort to combat the rise in global atmospheric temperatures. So, now is a good time to examine the president’s words and deeds regarding climate change – a sort of first-year job performance review or report card. What has he been able to accomplish? Has he laid a foundation for a successful agenda? And what are the most significant challenges to his energy and climate policy objectives?
Full_Paper.pdf
Aldy, J. E., Hafstead, M., Metcalf, G. E., Murray, B. C., Pizer, W. A., Reichert, C., & III., R. C. W. (2017). Resolving the Inherent Uncertainty of Carbon Taxes: Introduction. Harvard Environmental Law Review Forum , 41, 1-13. 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

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