Harvard Kennedy School faculty disseminate their research in working publications and papers that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Publications

Aldy, Joseph, Todd D. Gerarden, and Richard L. Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." Journal of the Association of Environmental and Resource Economists 10.4 (July 2023): 981-1018.
Aldy, Joseph, Patrick Bolton, Marcin Kacperczyk, and Zachery M. Halem. "Behind schedule: The corporate effort to fulfill climate obligations." Journal of Applied Corporate Finance 35.2 (Spring 2023): 26-34.
Aldy, Joseph E., and Maximilian Auffhammer. "Localizing Environmental Regulation: The Case of Boutique Fuels." Resources for the Future, May 2023.
Aldy, Joseph, Patrick Bolton, Zachery Halem, Marcin T. Kacperczyk, and Peter R. Orszag. "Show and Tell: An Analysis of Corporate Climate Messaging and its Financial Impacts." April 22, 2023.
Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III & Maureen L. Cropper. "How Is the US Pricing Carbon? How Could We Price Carbon?" HKS Faculty Research Working Paper Series RWP22-018, October 2022.
Aldy, Joseph E., and Sarah Armitage. "The Welfare Implications of Carbon Price Certainty." Journal of the Association of Environmental and Resource Economists 9.5 (September 2022): 843-1046.
Aldy, Joseph E., Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, Roberton C. Williams III, and Maureen L. Cropper. "How is the U.S. Pricing Carbon? How Could We Price Carbon?" Journal of Benefit-Cost Analysis 13.3 (Fall 2022): 310-334.
Aldy, Joseph E., and Zachery M. Halem. "The Evolving Role of Greenhouse Gas Emission Offsets in Combating Climate Change." HKS Faculty Research Working Paper Series RWP22-011, August 2022.
Aldy, Joseph. "Learning How to Build Back Better through Clean Energy Policy Evaluation." HKS Faculty Research Working Paper Series RWP22-010, August 2022.
Meckling, Jonas, Joseph E. Aldy, and Matthew J. Kotchen, Sanya Carley, Daniel C. Esty, Peter A. Raymond, Bella Tonkonogy, Charles Harper, Gillian Sawyer, and Julia Sweatman. "Busting the myths around public investment in clean energy." Nature Energy 7 (July 2022): 563–565.
Aldy, Joseph, and Armitage, Sarah. "The Welfare Implications of Carbon Price Certainty." HKS Faculty Research Working Paper Series RWP22-003, May 2022.
Aldy, Joseph, Max Auffhammer, Maureen Cropper, Art Fraas, and Dick Morgenstern. "Looking Back at 50 Years of the Clean Air Act." Journal of Economic Literature 60.1 (March 2022): 179-232.
Joseph E. Aldy, Tyler Felgenhauer, William A. Pizer, Massimo Tavoni, Mariia Belaia, Mark E. Borsuk, Arunabha Ghosh, Garth Heutel, Daniel Heyen, Joshua Horton, David Keith, Christine Merk, Juan Moreno-Cruz, Jesse L. Reynolds, Katharine Ricke, Wilfried Rickels, Soheil Shayegh, Wake Smith, Simone Tilmes, Gernot Wagner, and Jonathan B. Wiener. "Social science research to inform solar geoengineering." Science 374.6569 (2021): 815-818.
Aldy, Joseph et al. "Social Science Research to Inform Solar Geoengineering." Science 374.6569 (2021): 815-818.
Aldy, Joseph. "Addressing the Leakage and Competitiveness Risks of Climate Policy." RFF Issue Briefs, October 2021.
Aldy, Joseph, Matthew Kotchen, Robert N. Stavins, and James H. Stock. "Keep Climate Policy Focused on the Social Cost of Carbon." Science 373.6557 (August 2021): 850-852.
Aldy, Joseph, Matthew L. Kotchen, Robert N. Stavins, and James H. Stock. "Keep Climate Policy Focused on the Social Cost of Carbon." Science 373.6557 (2021): 850-852.
Edmonds, James, Sha Yu, Haewon Mcjeon, Dirk Forrister, Joseph Aldy, Nathan Hultman, Ryna Cui, Stephanie Waldhoff, Leon Clarke, Stefano de Clara, and Clayton Munnings. "How much could article 6 enhance nationally determined contribution ambition toward paris agreement goals through economic efficiency?" Climate Change Economics 12.2 (2021).
Bento, Nuno, Gianfranco Gianfrate, and Joseph E. Aldy. "National Climate Policies and Corporate Internal Carbon Pricing." The Energy Journal 42.5 (2021).
Aldy, Joseph. "Testimony on the Elimination of Fossil Fuel Subsidies to the US Subcommittee on the Environment." US House Oversight Committee, April 22, 2021.
Evans, Mary, Karen Palmer, Joseph Aldy, Meredith Fowlie, Matthew Kotchen, and Arik Levinson. "The Role of Retrospective Analysis in an Era of Deregulation: Lessons from the U.S. Mercury Air Toxic Standards." HKS Faculty Research Working Paper Series RWP21-010, March 2021.
Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Co-Benefits and Regulatory Impact Analysis: Theory and Evidence from Federal Air Quality Regulations." HKS Faculty Research Working Paper Series RWP21-009, March 2021.
Aldy, Joseph E., Giles Atkinson, and Matthew Kotchen. "Environmental Benefit-Cost Analysis: A Comparative Analysis Between the United States and the United Kingdom." HKS Faculty Research Working Paper Series RWP21-008, March 2021.
Aldy, Joseph, and Robert N. Stavins. "Rolling the Dice in the Corridors of Power: William Nordhaus’s Impacts on Climate Change Policy." HKS Faculty Research Working Paper Series RWP20-022, July 2020.
Aldy, Joseph E., and Richard J. Zeckhauser. "Three Prongs for Prudent Climate Policy." Southern Economic Journal 87 (2020): 3-29.
Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." Southern Economic Journal 87.1 (July 2020): 3-29.
Aldy, Joseph, and Sarah Armitage. "The Cost-Effectiveness Implications of Carbon Price Certainty." American Economic Association Papers and Proceedings 110 (May 2020): 113-118.
Aldy, Joseph E., and Sarah Armitage. "The Cost-Effectiveness Implications of Carbon Price Certainty." AEA Papers and Proceedings 110 (May 2020): 113-18.
Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Deep Flaws in a Mercury Regulatory Analysis." Science 368.6488 (April 2020): 247-248.
Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." HKS Faculty Research Working Paper Series RWP20-009, April 2020.
Aldy, Joseph, Maximillian Auffhammer, Maureen Cropper, Arthur Fraas, and Richard Morgenstern. "Looking Back at Fifty Years of the Clean Air Act." HKS Faculty Research Working Paper Series RWP20-003, February 2020.
Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020): 76-94.
Aldy, Joseph. "Evaluating Regulatory Performance: Learning from and Institutionalizing Retrospective Analysis of EPA Regulations." Case Western Reserve Law Review 70.4 (2020): 971-1006.
Aldy, Joseph. "Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act Approach to U.S. Climate Policy." Review of Environmental Economics and Policy 14.1 (Winter 2020).
Aldy, Joseph, Matthew Kotchen, Mary Evans, Meredith Fowlie, Arik Levinson, and Karen Palmer. "Report on the Proposed Changes to the Federal Mercury and Air Toxics Standards." External Environmental Economics Advisory Committee, December 2019.
Aldy, Joseph, and Gianfranco Gianfrate. "Future-Proof Your Climate Strategy." Harvard Business Review. May/June 2019, 91-101.
Aldy, Joseph. "Birds of a Feather: Estimating the Value of Statistical Life from Dual-Earner Families." HKS Faculty Research Working Paper Series RWP19-013, April 2019.
Aldy, Joseph. "A Few Keys to Saving the Planet Cost-Effectively." The Environmental Forum. March/April 2019.
Aldy, Joseph. "Policy Surveillance: Its Role in Monitoring, Reporting, Evaluating and Learning." Governing Climate Change: Polycentricity in Action? Ed. Harro van Asselt, Johanna Forster, David Huitema, and Andy Jordan. Cambridge University Press, 2018, 210-229.
Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." HKS Faculty Research Working Paper Series RWP18-012, March 2018.
Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." HKS Faculty Research Working Paper Series RWP17-047, December 2017.
Aldy, Joseph, and Sebastien Houde. "Consumers’ Response to State Energy Efficient Appliance Rebate Programs." American Economic Journal: Economic Policy 9.4 (November 2017): 227-225.
Aldy, Joseph. "Real World Headwinds for Trump Climate Change Policy." Bulletin of the Atomic Scientists 73.6 (October 2017): 376-381.
Aldy, Joseph. "The Political Economy of Carbon Pricing Policy Design." Harvard Project on Climate Agreements, October 2017.
Aldy, Joseph. "Policy Surveillance in the G20 Fossil Fuel Subsidies Agreement: Lessons for Climate Policy." Climatic Change 144.1 (September 2017 (first online September 2015)): 97-110.
Aldy, Joseph. "Designing and Updating a U.S. Carbon Tax in an Uncertain World." Harvard Environmental Law Review 41 (2017): 28-40.
Aldy, Joseph, Marc Hafstead, Gilbert E. Metcalf, Brian C. Murray, William A. Pizer, Christina Reichert, and Roberton C. Williams III. "Resolving the Inherent Uncertainty of Carbon Taxes: Introduction." Harvard Environmental Law Review 41 (2017): 1-13.
Aldy, Joseph. "Frameworks for Evaluating Policy Approaches to Address the Competitiveness Concerns of Mitigating Greenhouse Gas Emissions." National Tax Journal 70.2 (June 2017): 395-420.
Aldy, Joseph E., William A. Pizer, and Keigo Akimoto. "Comparing Emissions Mitigation Efforts Across Countries." Climate Policy 17.4 (May 2017): 501-515.
Aldy, Joseph. "Designing and Updating a US Carbon Tax in an Uncertain World." HKS Faculty Research Working Paper Series RWP17-001, January 2017.