National Bureau of Economic Research, Inc.
To advance research on energy system decarbonization, trade, and macroeconomics
Global factors play a major role in influencing which decarbonization policies are considered by US policymakers and how those policies are implemented. The last few years have seen a host of issues emerge on this front: the push for greater economic protectionism, wars and conflicts that have destabilized energy markets, and the growing recognition that the impacts from climate change will impact economic growth patterns for decades to come. These matters are highly timely and relevant for contemporary energy policymaking in the United States, and have spurred discussion, for example, of establishing a carbon border adjustment mechanism (CBAM) that would tax carbon-intensive goods entering the country or exploring how recent turbulence in oil and gas markets might influence investment in clean energy technologies. Funds from this grant support efforts at the National Bureau of Economic Research (NBER) to advance research on the interplay between energy system decarbonization, international trade, and macroeconomics. NBER will hold two open calls for papers on these topics: one in 2024 on energy and trade, and one in 2025 on energy and macroeconomics. Eight research papers are expected to be supported per call, for a total of sixteen. In addition to the calls, grant funds will support two conferences for each call, a pre-conference to share initial ideas, methodologies, and research design, and a second conference to share results and findings with scholars and policymakers. Participating faculty will be asked to nominate graduate students to participate in the conferences, as a way to more closely connect these early-career researchers with NBER.