New draft posted: The Collision of State Climate Tort Suits with Federal Deregulation, forthcoming in the Yale Law Journal Forum. This Essay examines the preemption arguments in the Suncor Energy v. Boulder case, which the Supreme Court will review in Oct. term 2026: papers.ssrn.com/sol3/papers....

Tried to create an interactive tool for this paper. Any thoughts would be very welcome. rmetcalfe.net/demand-turnu...

NBER@nber.org · 4d ago

Curtailing renewables wastes cheap, clean energy. In nationwide trials in Great Britian and Spain, letting prices go to zero for consumers captured welfare gains curtailment leaves behind, from Daniel Lopez Garcia, @rmetcalfe.bsky.social, Andrew R. Schein, and Yixin Sun www.nber.org/papers/w35530

Thank you to my state, California, for a sensible climate policy that is gradually shifting our energy system to less polluting, climate-friendly technologies all while returning funds to rate-payers. My chunk of the cap and invest program lowers my annual gas and electric bill by about 6%

New from me: Until recently, the gap between comfortably-off and just-getting-started could plausibly be crossed in a decade or two of hard work. Growth in asset prices means that’s no longer true: even a lifetime of striving doesn’t offer a realistic prospect of feeling you’ve “made it”.

Providing causal estimates of the global social returns to US public R&D. A shock equal to 1 percent of the federal R&D capital stock raises foreign total factor productivity by 1 percent within 12 years, from De Souza, Fieldhouse, Mertens, Nath, and Ramey www.nber.org/papers/w35517

To be fair to @richardtol.bsky.social - exactly the effects modeled in FUND 20+ years ago

Colin Carlson@colincarlson.bsky.social · last wk.

🚨 New today in Nature 🦟 After decades of debate, we show that climate change has probably made malaria worse in sub-Saharan Africa, causing about 1 extra case per 1,000 children. But: malaria eradication efforts have pulled the other direction 200 times harder. 🔓 www.nature.com/articles/s41...

"The EPA said if the power plants are not supplying electricity to the grid then they would not be subject to the federal Clean Air ​Act's Acid Rain Program, which has been key to the ​dramatic reduction of smog and soot pollution from industrial ⁠facilities." www.reuters.com/legal/litiga...

EPA says power for data centers can sidestep pollution laws

Power sources providing electricity only to data centers and not the public grid may not be subject to ​federal pollution laws, the U.S. Environmental Protection Agency said on ‌Monday.

reuters.com

We’re hiring a Research Associate to expand our work on climate risk. If you’re passionate about ensuring public access to high-quality climate risk data, and informing just and scientifically-grounded adaptation policy, please apply.

Research Associate - CarbonPlan

CarbonPlan is a nonprofit organization using science and data to accelerate climate action. Our team analyzes the design and implementation of climate programs across the public and private sector, an...

apply.workable.com

New GAO report examines how driver blind spots endanger pedestrians and cyclists—and asks why USDOT has done nothing about it. www.gao.gov/products/gao...

Wind and solar have just overtaken fossil-fuel power in Germany www.carbonbrief.org/...

In my view far more scarce goods in society not allocated through price - grants, elite university spots for instance - should be lotteried. Far more transparent and fair then pretending there is some unique quality ordering over disparate, non-commensurable attributes.

Econometrica@ecmaeditors.bsky.social · last wk.

Random Priority—a popular no-transfer allocation mechanism—is efficient, fair, & simple to participate in. Is it the only mechanism with these properties? Marek Pycia @econ.uzh.ch and Peter Troyan, UVA Economics, answer this long-standing question in the positive. buff.ly/zlSjmC0

Writing a paper introduction is more art than science, but a good formula gets you most of the way there. Today's blog post: a paragraph-by-paragraph template that is used pretty commonly, plus the mistakes I see most often. 🧵 #EconSky deryugina.com/a-two-for-on...

For more on IRA’s impacts, check out our review paper here: www.nature.com/articles/s44...

Impacts of the Inflation Reduction Act and One Big Beautiful Bill Act on the US energy system - Nature Reviews Clean Technology

The US Inflation Reduction Act aimed to enable clean energy development and reduce carbon emissions. This Review describes observed and projected impacts of this legislation and the potential impacts ...

nature.com

Applications are open for SFI's 2027 Complexity Postdoctoral Fellowships. SFI is looking for recent Ph.D. graduates with strong quantitative and computational skills who want to pursue independent, transdisciplinary research. Deadline: September 30, 2026 Apply: santafe.edu/sfifellowship

As the US industrialized, workers and businesses entered protracted labor disputes over what a fair pay increase would be to keep up with the cost of living. Workers thought businesses were gaslighting them about how much prices were going up...🧵

Lemondrop 👉 anime arbor! 📚@lipstick-lemondrop.bsky.social · 3w ago

holy moly @hausofdecline.bsky.social in @inthesetimes.com ???

New CBO paper: every $1 of federal R&D returns ~$3–$4 of GDP in present value over 30 years www.nber.org/papers/w35472

The headline result: every additional day above 80 degrees raises a zip code’s monthly Medicaid bill by a quarter of a percent. On the hottest days, above 100 degrees, the effect is 8x worse. More explanation below, link to paper here: papers.ssrn.com/sol3/papers....

Scrubs: Elliot's 'Yikes!' Professional Opinion

ALT: Scrubs: Elliot's 'Yikes!' Professional Opinion

static.klipy.com

Summary of how El Niño might affect the global economy, via Deutsche Bank Research

Cost of pollution per recent OMB guidance unfortunately zero: www.nbcnews.com/science/envi...

EPA to stop calculating deaths avoided and health care savings from air pollution rules

The change means the EPA will focus rules for two pollutants only on the cost to industry, part of a realignment under President Trump toward a business-friendly approach.

nbcnews.com

Michael McKee@mckonomy.bsky.social · 3w ago

Absolutely nothing is too ridiculous in Trump World: *TRUMP ON CANADA: COST OF POLLUTION MUST BE ADDED TO TARIFFS

Thank you Clean Air Act

Adam L@adam-lg.bsky.social · 3w ago

Crazy to think the bad AQI day we're having today in NYC was just "normal" for summer in the 80s-90s. (Note that 2001-5 overlap across the two plots). Data via www.epa.gov/outdoor-air-...

Just submitted my public comment on OMB’s proposed “Uniform Guidance” rule, and saw that as of 11:59pm yesterday there were 341,699 comments submitted. That’s gotta be a record…? Wonder how many, like mine, will come in on the last day…

Heat records are getting broken. Electricity prices are soaring. The administration's response? Let's gut energy efficiency rules for appliances.

Trump administration moves to gut energy efficiency rules for home appliances

The Energy Department wants to permanently restrict longstanding efficiency mandates, calling them a “scam.”

washingtonpost.com

This is a neat paper led by Indu Roychowdhury in my lab. Wetlands close to developed areas provide most flood protection but are also highest value targets for development. Market selection in mitigation banking could undermine flood protection by "moving" wetlands to areas of lower protective value

Kelly Hereid@kellyhereid.bsky.social · last mo.

If developers want to replace a wetland, they can buy mitigation credits to protect wetland somewhere else. Preserves total wetland area, but it means trading away the ones most effective at flood protection (esp Florida) Roychowdhury @climatefran.bsky.social - knocked my socks off at AGU this year

I also very much enjoyed this read. I felt that exposure to this broad array of economic thinkers helped round out my economics education and exposed me to the wide breadth of thought in the discipline and from outside.

laurentfranckx.bsky.social@laurentfranckx.bsky.social · last mo.

I have now read the first 4 chapters of John Cassidy's "Capitalism and Its Critics: A History: From the Industrial Revolution to AI" and it is indeed very good. One of the interesting aspects of Cassidy's approach is that he combines criticism of capitalism by authors who are usually assumed /

🗣️ Published today in @aeajournals.bsky.social. Ethan Lewis and I use a visa lottery, as a nationwide randomized experiment, to test the effects of foreign labor on US firms and workers. doi.org/10.1257/app.... A concise summary from @nber.org —> www.nber.org/digest/20221...

Gutted to hear of the passing of V. “Ram” Ramaswamy, who had led NOAA's influential climate lab, GFDL, since 2008. He had a truly American success story and lasting legacy. May his memory be a blessing to his friends and family.

Venkatachalam "Ram" Ramaswamy Obituary (1955 - 2026) - Lawrenceville, New Jersey

Ram was born on April 28th, 1955 and passed away on June 21st, 2026 at the age of 71

lestermemorialhome.com

It’s never been a secret that the MIT Joint Program on Global Change, the Stanford Energy Modeling Forum and the Princeton Carbon Mitigation Initiative received funding from and engaged intellectually with the fossil fuel industry.

Please circulate our Call for Papers for the POLITICAL ECONOMICS OF SUSTAINABILITY CONFERENCE @gsb.stanford.edu, Nov 11-12. Submission deadline: Aug 31. Jointly organized with @allanhsiao.bsky.social www.gsb.stanford.edu/events/polit...

The Political Economics of Sustainability

This conference focuses on the politics and the economics of environmental problems and regulation.

gsb.stanford.edu

The scale of devastation in Venezuela continues to unfold. Sadly, it is likely that the loss of life will notably increase in the coming days. The World Bank cites the country's GDP at ~$120 billion. If USGS PAGER estimates are close, damage costs could equal a notable percentage of the economy.