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Insights / Research BriefOct 03, 2023

Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure

Joshua Dean, Susanna B. Berkouwer
Improved cookstoves reduce exposure to peak cooking emissions by 42%, though impacts on overall pollution exposure are muted by high ambient pollution. The reduction in peak emissions reduces self-reported respiratory symptoms but does not improve more quantitative diagnoses such as blood pressure or blood oxygen.
Topics:  Development Economics, Energy & Environment, Health care
Insights / Research BriefJul 06, 2023

Carbon Prices and Forest preservation Over Space and Time in the Brazilian Amazon

Juliano J. Assunção, Lars Peter Hansen, Todd Munson, José A. Scheinkman
With modest transfers per ton of net CO2, Brazil would find it optimal to choose policies that produce substantial capture of greenhouse gasses in the next 30 years, suggesting that the management of tropical forests could play an important role on climate change mitigation in the near future.
Topics:  Energy & Environment, Financial Markets
Insights / Research BriefJun 22, 2023

Finance and Climate Resilience: Evidence From the Long 1950s US Drought

Raghuram G. Rajan, Rodney Ramcharan
Areas affected by the 1950s drought where access to credit was constrained experienced sharp declines in bank lending, net emigration, and population declines. In contrast, agricultural investment and long-run productivity increased in drought-exposed areas with access to credit, even allowing some of these areas to surpass similar areas that were unaffected by the drought.
Topics:  Energy & Environment, Financial Markets
Insights / Research BriefJun 20, 2023

When Cryptomining Comes to Town: High Electricity-Use Spillovers to the Local Economy

Matteo Benetton, Giovanni Compiani, Adair Morse
Households and small businesses paid an extra $204 million and $92 million annually, respectively, in Upstate New York because of increased electricity consumption from cryptominers; while in China, where electricity prices are fixed, rationing of electricity in cities with cryptomining deteriorates wages and investments.
Topics:  Energy & Environment, Financial Markets
Insights / Research BriefJun 08, 2023

Green Tilts

Lubos Pastor, Robert F. Stambaugh, Lucian A. Taylor
The total amount of ESG-related tilts in institutional equity portfolios is about 6% of the institutions’ assets under management, a fraction fairly steady from 2012 to 2021; the industry tilts increasingly toward green stocks, due to only the largest institutions, while other institutions and households tilt increasingly toward brown stocks.
Topics:  Energy & Environment, Financial Markets
Insights / Research BriefFeb 02, 2023

The Social Costs of Keystone Species Collapse: Evidence From The Decline of Vultures in India

Eyal G. Frank, Anant Sudarshan
Human death rates increased by more than 4% in vulture-suitable districts after these birds nearly went extinct; additionally, evidence points to an increase in feral dog populations and rabies, along with diminished water quality in affected regions.
Topics:  Energy & Environment

Here’s What Happens When A City in California Takes Up Automated Enforcement of Water Conservation Rules

Advances in remote sensing and real-time monitoring technology are rapidly and radically lowering the costs...
Topics:  Energy & Environment
Insights / Research BriefNov 18, 2022

On the Geographic Implications of Carbon Taxes

Bruno Conte, Klaus Desmet, Esteban Rossi-Hansberg
A carbon tax rebated locally can, if not too large, increase the size of an economy by concentrating economic activity in its high-productivity, non-agricultural core, and by incentivizing immigration; these predictions hold for the United States and the European Union.
Topics:  Energy & Environment