Real exchange rates evolve independently of money supply shocks in accordance with long-run monetary neutrality. However, the prolonged disequilibrium errors of the Korean won - US dollar real exchange rates in the 1990s prior to the Asian financial crisis and the hike subsequent to the crisis...

In recent years, the Center for Energy and EnvironmentalPolicy (CEEP), working with affiliated academic andresearch institutions in the U.S. and East Asia, hasinvestigated the technical and economic feasibility of usingdispatchable photovoltaic (DPV) systems in distributedpeak-shaving (PS)...

Electric utility business models are changing to integrate new technologies and distributed energy resources (DER). Diversifying energy mix and customer choices are both novel and useful in understanding key drivers of this transformation, including distribution system planning and...

The International Renewable Energy Agency (IRENA) has estimated that to reduce greenhouse gas emissions and limit global mean temperature rise to well below 2° Celsius, new forms of low-carbon investment must be unlocked and cost-effectively doubled by 2030. This level of deployment of...

The International Renewable Energy Agency (IRENA) has estimated that to reduce greenhouse gas emissions and limit global mean temperature rise to well below 2° Celsius, new forms of low-carbon investment must be unlocked and cost-effectively doubled by 2030. This level of deployment of...

The continuing upward climb of atmospheric CO2 symbolizes society’s apparent inability to redirect the ‘Keeling Curve’ despite more than two decades of international negotiation. The global economic crisis only temporarily slowed the global increase in greenhouse gas (GHG) emissions...

The concluding document of the climate change negotiation round in Durban, the Durban Agreement, has been hailed as a ‘historic breakthrough document. This appraisal is primarily based on the fact that the document outlines a negotiation process that realizes a climate regime in which all...

Current international negotiations to address climate change are marked by growing divergence between government proposals and those advanced by civil society. The Conference of the Parties (COP) process has promoted a set of market-based policy instruments as the primary means to facilitate...

To date, the international community’s response to the problem of global climate changehas been preoccupied with concerns of markets, profit and efficiency, rather than social andenvironmental justice. The absence of explicit operational commitments to justice ininternational efforts to...

Cities and states in the US are playing a leadership role in enacting innovative policies to promote energy sustainability. For example, twenty-nine states and the District of Columbia have passed renewable portfolio standards that require or encourage utilities to derive a percentage of their...