Markets & Regulation
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
Report
The U.S. electric grid is under strain, with extreme weather and blackouts on the rise. Some say the cause is overreliance on renewables like wind and solar. This white paper argues that the primary threat to grid reliability is not the changing energy mix but rather failures in grid governance.
Digest
In the United States, there is no national electricity policy. Reaching nationally defined decarbonization targets in the electricity sector, without a national electricity policy, while maintaining grid reliability, is a growing challenge.
Carbon Pricing
Digest
Over the past decade, governments have finally started to combat climate change through policy interventions, but a constant fear has been how the economy and the markets will react to any new legislation. To what degree are such concerns warranted?
Report
Carbon offsets are increasingly becoming a strategy to reduce environmental impacts, but providers of credits will need to ensure quality, appropriate funding, and cooperation with local institutions.
Featured Researcher
Shelley Welton
Presidential Distinguished Professor
Shelley Welton is a 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.