Economics and Business Division Seminars
September 30, 2016 (3:15 EH 211)
Speaker: Mar Reguant, Northwestern University
Topic: Learning from Schools about Energy Efficiency
Abstract: This paper studies the impacts of energy efficiency investments at public K-12 schools in California. Schools provide a rare laboratory to analyze energy efficiency as there are thousands of them, all pursuing very similar economic activities but exposed to different outdoor temperatures and existing infrastructures. We make use of high frequency metering data to develop several approaches to estimating counterfactual energy consumption absent the energy efficiency investments. In particular, we use difference-in-difference approaches with rich sets of fixed effects. We also implement a novel machine-learning approach to predict counterfactual energy consumption at treated schools, and validate the approach with non-treated schools. Using both approaches, we find that the energy efficiency projects in our sample reduce electricity consumption between 2 to 4% on average, which can result in substantial savings to schools.
October 21, 2016 (3:15 EH 211)
Speaker: Nathan Wozny, U.S Air Force Academy
October 28, 2016 (3:15 EH 211)
Speaker: Louis Preonas, Berkeley
November 18, 2016 (3:15 EH 211)
Speaker: Elisa Belfiori, Colorado State University
September 12, 2016 (3:15 EH 211)
Speaker: Ivan Rudik, Iowa State University
Topic: External Impacts of Local Energy Policy: The Case of Renewable Portfolio Standards
Abstract: Renewable portfolio standards (RPSs) are state level policies that require in-state electricity providers to procure a minimum percentage of electricity from renewable sources. Using theoretical and empirical models, we show that RPSs induce out-of-state emissions reductions because states allow for inter state trade of the credits used for RPS compliance. When one state passes an RPS, it increases demand for credits sold by firms in other (potentially non-RPS) states. We find that increasing one state's RPS decreases coal generation and increases wind generation in outside states. The annual aggregate value of avoided criteria coal pollution ranges between $0.4-$2.0 billion.