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Economic Studies

The Effects of Seemingly Nonbinding Price Floors

This study constructs a two-period model to show why the price of storable goods (commodities, bankable emissions permits, or currencies) may be determined by a price floor even though the price floor lies below the determined market price.

Effects of Direct Air Capture Technology Availability on Power Sector

This study shows how the availability of direct air capture (DAC) affects the quantity of stranded assets – fossil fuels and infrastructure that remains unused – created under the goal of limiting global warming to 1.5°-2°C.

Meeting China’s 2060 Carbon Neutrality Goal

This paper models the use of direct air capture and other negative transmission technologies (NETs) in China to understand the role of NETs in helping China and the international community achieve carbon neutrality by 2060.