"Expert views on carbon pricing in the developing world," Environmental Research Letters, Accepted, 2024 (with Lerner M, Genovese F, Gard-Murray A, Biedenkopf K, Kyriakopoulou D, Olarte-Pena A, Castro M, Gadde H.)
In designing carbon price mechanisms, experts from the developing world favor political feasibility of adoption (over technical effectiveness at emissions reductions). In particular, when imposing monetary costs, they favor feasibility over effectiveness but are indifferent between the two levers when allocating monetary benefits.
"Drivers and pass-through of the EU ETS price: evidence from the power sector," Energy Economics, 123 (2023), 10668 (with Yiyi Bai) [Journal, Journal2]
EU ETS allowance prices consistently reflect (i) demand for gas-coal fuel switching, (ii) the value of allowances in smoothing compliance costs, and (iii) are fully passed-through to wholesale markets in multiple European markets. These findings support the decision to fix the EU ETS price signal rather than overhaul the carbon pricing mechanism.
"(Bio-)Fuel mandating and the green paradox", Energy Economics, 95 (2021), 105014. (with Reynès F and Hofkes M. ) [Journal, Preprint, 2013 PhD thesis,]
Announced/Anticpated climate policy leads to an interim build of carbon-free capacity, enough to trump the so-called green paradox. Effective climate policy must be gradual rather than delayed and ambitious.
"Determining the social cost of carbon: under damage and climate sensitivity uncertainty, Environmental and Resource Economics, 76 (2020) 79 - 103 [Prepint, Journal]
Contrary to reported findings, the Social Cost of Carbon (SCC) is, in the presence of multiple sources of risk, quite responsive to risk aversion.
"Understanding crude oil scarcity through drilling activity," Energy Economics, 69 (2018) 261–269 (with Bai Y.). [Preprint, Journal]
A geological constraint's model of oil and gas exploitation implies that oil can become economically more abundant even as physical scarcity is increasing.
“Imperfect cartelization in OPEC,” Energy Economics, 60 (2016) 333-344 (with Reynès F.). [Journal, 2013 PhD thesis,] ---- best paper by a young economist SURED Ascona (2012).
Heterogeneity amongst OPEC members explain why it is an ineffective cartel
"Modeling peak oil and the geological constraints on oil production,” Resource and Energy Economics, 2015, 40 (2): 36-56. (with Reynès F. and Hofkes M.). [Preprint, Journal, 2013 PhD thesis, 2011 EAERE summer school ] ---- best research paper EAERE summer school, Venice (2011).
Geological constraints reconcile non-renewable resources economic theory to observed stylized facts of bell-shaped production and U-shaped prices,
"Can reserve additions in mature crude oil provinces attenuate peak oil?," Energy, 2011, 36 (9): 5755–5764. ( with Reynès F). [Preprint, Journal, 2013 PhD thesis,]
Realistic rates of reserve additions in mature crude oil producing lead to a temporary boost of global oil production
Committed to a de-carbonizing world (EAERE 2020), R&R, Journal of the Association of Environmental and Resource Economists, (with Gerlagh R.)
Evaluating the performance of the MSR (PIK WP), R&R, Journal of Economic Dynamics and Control (with Mauer E-M, and Pahle M.)
Cutting carbon through fuel switching due to the EU ETS, R&R Energy Economics, (SSRN WP) (with Bai Y.)
The Hotelling rule: maxim or fallacy? (SURED 2018)
Price and quantity policies to improve the EU ETS which is best? (EAERE 2020) (with Faure A. and Pahle M.)
The social cost of carbon in the presence of clean and dirty capital stocks (SURED 2020) (with Feindt S and Franks M)
The U-shaped oil price: a theory and some evidence (SSRN WP)
How does economic theory explain the Hubbert peak oil model? Technical report, Institute for Environmental Studies, 2010. [IVM access] (with Frédéric Reynès, and Marjan Hofkes)
The time path for oil prices: a simulation analysis of the impact of oil price shocks
Optimal OPEC cooperation
Subsidies for the transition to green technologies
Carbon abatement and the quasi-hyperbolic discounter
Selfish Altruism