"If you tax the oil going in, instead of the pollution, you actually don't give the refinery an incentive to produce in a cleaner way. You just give them an incentive to run less oil through it," @severinborenstein.bsky.social in Fox2 KTVU.
www.ktvu.com/news/activis...
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Lucas Davis's post today on the EI blog describes the new working paper he and I just put out on the distributional impacts of residential clean energy tax credits, updating work we did about a decade ago. Unfortunately, they haven't gotten less regressive. energyathaas.wordpress.com/2024/06/17/c...
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"Max Auffhammer Receives Prestigious Career Award" - June 18, 2024
haas.berkeley.edu/energy-insti...
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New Energy Institute Blog Post: Clean Energy Tax Credit Concerns - by Lucas Davis
energyathaas.wordpress.com/2024/06/17/c...
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“I think that as we get into the very low gasoline demand — and I hope we do — we’re also going to have very few refiners, because more and more of them are going to exit the market.” @severinborenstein.bsky.social in the San Francisco Examiner
tinyurl.com/mcn3bf2u
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"...I think this is a first step, and it is a critical step...This is not in the quiver of arrows for fighting climate change in the next 10-20 years, it is in the incubator stage for being part of the solution 30-40 years from now." @severinborenstein.bsky.social MSN tinyurl.com/mv6f95sm
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"Come October, OPEC could cause oil prices to drop" @severinborenstein.bsky.social on Audacy Podcast
www.audacy.com/podcast/kcbs...
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New Energy Institute Blog Post: The Global F-Gas Bomb is Ticking - by Meredith Fowlie
energyathaas.wordpress.com/2024/06/10/t...
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@severinborenstein.bsky.social "noted that Tu, the peak electricity demand was forecast to be about 33,000 megawatts. The state had 47,000 megawatts of power available..." - East Bay Times
tinyurl.com/3wuhvvy4
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"Rooftop solar is 4x more expensive in the U.S. than in other countries...Should we care about its high cost? Yes, says @severinborenstein.bsky.social...he argued that the high cost of rooftop solar will shift nearly $4 billion onto the bills of low/middle-income CA..." tinyurl.com/2yves3ny
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"The avg. price of an electric vehicle selling today is over $50,000. That does not work for most people. Obviously, there are some cheaper models. But China has gotten really, really good at making cars that are appealing to a part of the market..." Jim Sallee in Politico
tinyurl.com/2uu4mvyk
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New Energy Institute Blog Post - CBAM: The Other Border Crisis - by Jim Bushnell
energyathaas.wordpress.com/2024/06/03/c...
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Hadn't heard of Dr. Ayana Elizabeth Johnson, but NYT Interview podcast very thoughtful on the topic of "soft" climate denial that virtually all of us engage in. So easy to pat ourselves on the back for one change we make while ignoring all the other impacts we have. www.nytimes.com/2024/05/18/m...
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"Letters: Bill to limit PG&E fixed fees won't stop rising utility bills. Here's why" @severinborenstein.bsky.social @sfchronicle.bsky.social
www.sfchronicle.com/opinion/lett...
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"Borenstein coined the term 'mystery gasoline surcharge' in 2017 to describe the remaining difference between gas prices in CA and other states after accounting for..." - Politico politico.com/newsletters/california-climate/2024/05/24/the-friday-oil-issue-feat-severin-borenstein-00160004
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@severinborenstein.bsky.social's blog post referenced in Canary Media: "Many of those early-2023 buyers would most likely have been later-2023 buyers were it not for the rush to install before April 15 and lock in NEM 2.0 rules.”
www.canarymedia.com/articles/sol...
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“It takes costs that were in the per-kilowatt-hour charge and redistributes them to the fixed charge. By doing so, it’s very progressive for people on CARE because their savings on the volumetric rates will outweigh their $6/mo fixed charge.” S. Borenstein in The Daily Cal tinyurl.com/5y36jmnk
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How will President Biden's new tariffs on Chinese electric vehicles impact the US transition to EVs? James Sallee looks at risks and hopes for a more collaborative future.
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New Energy Institute Blog Post: On Tariffs and the EV Transition - by Jim Sallee
energyathaas.wordpress.com/2024/05/20/o...
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My blog post today digs into data to look at who will see bill increases and decreases under California's just-adopted income-graduated fixed charge and associated reduction in volumetric electricity price when/if it goes into effect in 2025 or 2026. energyathaas.wordpress.com/2024/05/13/r...
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New Energy Institute Blog Post: Reality Checking California’s Income-Graduated Fixed Charge - by @severinborenstein.bsky.social
berkeley.us13.list-manage.com/track/click?...
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"Big Changes Are Coming to the Way Californians are Charged for Utilities" - Severin Borenstein on Audacy
www.audacy.com/podcast/kcbs...
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"Californians Will See Lower Electricity Rates and a New Fee That Won’t Vary With Power Use" - Meredith Fowlie and Severin Borenstein in Cal Matters
calmatters.org/housing/2024...
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"Severin Borenstein discusses CA's residential solar energy policies and the challenge of balancing equity, solar growth, and the pace of electrification." - Kleinman Center for Energy Policy Podcast
kleinmanenergy.upenn.edu/podcast/cali...
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"High Electricity Rates And A Controversial Plan To ‘Fix’ Them" Severin Borenstein on LAist
laist.com/shows/airtal...
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“You don’t want to necessarily build a system where you’ve got batteries to suck up every last megawatt-hour, because that’s a pretty expensive system,” said Meredith Fowlie, an economist at the University of California, Berkeley.
www.nytimes.com/interactive/...
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“'There’s an incredible correlation with political ideology...But the proportion of those vehicles going to Democratic counties stayed nearly constant. 'It’s incredibly consistent across time,' Davis said."
www.washingtonpost.com/climate-envi...
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"Utilities in CA specifically have drawn controversy over plans to bury miles of overhead lines, which eliminates fire risk but costs $3M...said Meredith Fowlie..." - The Seattle Times seattletimes.com/seattle-news/climate-lab/pse-may-turn-off-power-in-parts-of-wa-to-prevent-wildfires-this-year/
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New Energy Institute Blog Post: Can Technology Solve Our Transmission Problems? - by Duncan Callaway (co-authored with Emilia Chojkiewicz and Amol Phadke)
energyathaas.wordpress.com/2024/05/06/c...
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“But crude oil prices are really very difficult to predict, anytime...And right now, they're extremely difficult to predict.” @severinborenstein.bsky.social in USA Today
ca.movies.yahoo.com/finance/news...
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Heat pump challenge. They continue to gain share when new HVAC is installed, despite climbing electricity rates and falling gas prices, but high interest rates and slowing housing starts are combining to reduce HVAC replacements and new installs.
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Congratulations Stephen! Excellent paper and well deserved award
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"Letters: PG&E’s proposed fixed fee is designed to benefit customers. Here’s how" - Severin Borenstein in the San Francisco Chronicle
www.sfchronicle.com/opinion/lett...
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The upward trend of heat pump sales was interrupted in 2023. Lucas Davis explores possible causes.
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“And so when you have a globally traded commodity like oil, then even if you’re producing more than you’re consuming, you’re still going to be exposed to international supply and demand disruptions because that affects a global price.” Andy Campbell in E&E News
www.eenews.net/articles/tru...
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New Energy Institute Blog Post: Why Are Heat Pump Sales Decreasing? - by Lucas Davis
energyathaas.wordpress.com/2024/04/29/w...
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"Opinion: No, California’s rooftop solar market isn’t dying" @severinborenstein.bsky.social in The Mercury News
www.mercurynews.com/2024/04/26/o...
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@severinborenstein.bsky.social's latest analysis on how much money California's rooftop solar rate policy is costing households without rooftop solar in 2024 - $2b for PG&E's customers, $1.3b for Southern California Edison's customers, $0.5 billion for SDG&E's customers.
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'..Providing energy through the state’s increasingly solar and wind saturated electric grid is not only cheaper, but vastly more environmentally friendly..' S. Borenstein on Jefferson Public Radio tinyurl.com/3ps5t5jb
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New Energy Institute Blog Post: California’s Exploding Rooftop Solar Cost Shift - Severin Borenstein
energyathaas.wordpress.com/2024/04/22/c...
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Nat gas prices below $2/MMBTU in most US, below $1 in a couple of places, including the NW. Sure, part of this is coproduction from oil, but part of it is reduced demand due to warm winter. And despite record exports
www.eia.gov/todayinenerg...
www.eia.gov/todayinenerg...
www.eia.gov/todayinenerg...
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"Save your advertising dollars, Big Oil. Californians already know gas ain’t cheap" @severinborenstein.bsky.social in The Sacramento Bee
sacbee.com/opinion/article287518925.html#storylink=cpy
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My new Energy Institute Blog post about the challenge of broken electric vehicle chargers.
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