Markets & Finance
Markets have a strong influence on how energy is bought, sold, traded, and forecasted. Paired with regulations—at the federal, state, and local levels—these forces shape our energy landscape.
Recent Work
Mitigating Climate Change Through Green Investments
In today’s financial markets, companies that claim to be "green" are rewarded. Empirical data shows that larger companies and companies in decline are prone to greenwashing. They don’t excel at reducing emissions; they excel at managing appearances.
Crisis to Cooperation: What Can Mineral Exporters Learn From OPEC?
This digest explores how resource-rich nations might draw lessons from OPEC in pursuing cooperative governance to enhance equity, stability, and strategic autonomy in critical mineral markets amid growing global reliance and geopolitical competition.
Carbon Pricing & Offsets
Has Europe’s Emissions Trading Scheme Taken Away a Country’s Ability to Reduce Emissions?
Many individual countries pursue climate policies yet are also covered by a broader, overlapping emissions trading system. We explore when such overlapping policies help mitigate climate change, and when they are ineffective or might backfire.
Plugging Carbon Leaks with the European Union’s New Policy
On the road to carbon neutrality in 2050, the European Union (EU) has recently adopted a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage from international trade. The CBAM raises new challenges. It should be appropriately designed to level the playing field within and outside the EU, and it has the potential to export decarbonization outside the EU’s borders.
Featured Researcher
Shelley Welton
Presidential Distinguished ProfessorShelley Welton is Presidential Distinguished Professor of Law and Energy Policy with the Kleinman Center and Penn Carey Law. Her research focuses on how climate change is transforming energy and environmental law and governance.
People
- Susanna Berkouwer
- William Burke-White
- Cary Coglianese
- Cornelia Colijn
- Danny Cullenward
- Francis X. Diebold
- Jesús Fernández-Villaverde
- Ben Keys
- Steven Kimbrough
- Shimon Kogan
- Carolyn Kousky
- Ken Kulak
- Sarah Light
- Ioana Marinescu
- Serguei Netessine
- Angela Pachon
- R. Jisung Park
- Nikolai Roussanov
- Benjamin Schmitt
- Andy Stone
- Arthur van Benthem
- Shelley Welton