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Newell, Richard G. 1965-

Overview
Works: 43 works in 114 publications in 1 language and 1,337 library holdings
Genres: History 
Roles: Editor
Classifications: HD9502.A2, 333.79
Publication Timeline
Key
Publications about Richard G Newell
Publications by Richard G Newell
Most widely held works by Richard G Newell
Accelerating energy innovation : insights from multiple sectors by Rebecca Henderson( Book )
13 editions published between 2010 and 2011 in English and held by 303 libraries worldwide
Re-orienting current energy systems toward a far greater reliance on technologies with low or no carbon dioxide emissions is an immense challenge. At the broadest level the histories presented here are very much consistent with widely held views within the energy innovation policy literature. In general, this literature has suggested that greatly increasing rates of energy innovation requires creating significant demand for low carbon technologies, substantially increased federal funding for "well-managed" research, and in at least some cases support for the initial deployment of new technologies. As the other markets explored in this volume do not face the same degree of unpriced environmental externality, there is no straightforward equivalent to a carbon price in the history of agriculture, chemicals, IT or biopharmaceuticals. Nonetheless, our authors outline a number of ways in which public policy has often stimulated demand, particularly in the early stages of a technology's evolution, and confirm that the expectation of rapidly growing demand appears to have been a major stimulus to private sector investment in innovation. Each history also confirms the centrality of publicly funded research to the generation of innovation, particularly in the early stages of an industry's history, and highlights a range of institutional mechanisms that have enabled it to be simultaneously path breaking and directly connected to industrial practice. Our histories depart somewhat from the bulk of the energy innovation policy literature in focusing attention on the role of vigorous competition -- particularly entry -- in stimulating innovation, suggesting that in several industries a mix of public policies -- including procurement, antitrust and intellectual property protection -- played an important role in stimulating innovation by encouraging extensive competition and entry by newly founded firms. Many of the most innovative industries profiled here have been characterized by a lively "innovation ecosystem" that both rapidly incorporated the results of publicly funded research and supports widespread private sector experimentation and rapid entry. There are, of course important differences between the industries profiled here and the energy sector, but we believe that exploring the potential of these kinds of innovation ecosystems in clean energy might be a fruitful avenue for future research
The induced innovation hypothesis and energy-saving technological change by Richard G Newell( Book )
11 editions published between 1998 and 1999 in English and held by 91 libraries worldwide
It follows from Hicks' induced innovation hypothesis that rising energy prices in the last two decades should have induced energy-saving innovation. We formulate the hypothesis concretely using a product-characteristics model of energy-using consumer durables, augmenting Hicks' hypothesis to allow for the possibility that government efficiency standards also induce innovation. Through estimation of characteristics transformation surfaces, we find that technological change reduced the total capital and operating costs of air air conditioning by half and water heating by about one-fifth. Although the rate of overall innovation in these products appears to be independent of energy prices and regulations, the evidence suggests that the direction of innovation has been responsive to energy price changes. In particular, energy price increases induced innovation in a direction that lowered the capital cost tradeoffs inherent in producing more energy-efficiency products. In addition, energy price changes induced changes in the subset of technically feasible models that were offered for sale. Our estimates indicate that about one-quarter to one-half of the improvements in mean energy-efficiency of the menu of new models for these products over the last two decades were associated with rising energy prices since 1973. We also find that this responsiveness to price changes increased substantially after product labeling requirements came into effect, and that minimum efficiency standards had a significant positive effect on average efficiency levels. Nonetheless, a sizeable portion of efficiency improvements in these technologies appears to have been autonomous
Technological change and the environment by Adam B Jaffe( Book )
12 editions published between 2000 and 2003 in English and Undetermined and held by 76 libraries worldwide
Environmental policy discussions increasingly focus on issues related to technological change. This is partly because the environmental consequences of social activity are frequently affected by the rate and direction of technological change, and partly because environmental policy interventions can themselves create constraints and incentives that have significant effects on the path of technological progress. This paper, prepared as a chapter draft for the forthcoming Handbook of Environmental Economics (North-Holland/Elsevier Science), summarizes for environmental economists current thinking on technological change in the broader economics literature, surveys the growing economic literature on the interaction between technology and the environment, and explores the normative implications of these analyses. We begin with a brief overview of the economics of technological change, and then examine three important areas where technology and the environment intersect: the theory and empirical evidence of induced innovation and the related literature on the effects of environmental policy on the creation of new, environmentally friendly technology; the theory and empirics of environmental issues related to technology diffusion; and analyses of the comparative technological impacts of alternative environmental policy instruments. We conclude with suggestions for further research on technological change and the environment
Energy efficiency economics and policy by Kenneth Gillingham( file )
7 editions published in 2009 in English and held by 42 libraries worldwide
Energy efficiency and conservation are considered key means for reducing greenhouse gas emissions and achieving other energy policy goals, but associated market behavior and policy responses have engendered debates in the economic literature. We review economic concepts underlying consumer decisionmaking in energy efficiency and conservation and examine related empirical literature. In particular, we provide an economic perspective on the range of market barriers, market failures, and behavioral failures that have been cited in the energy efficiency context. We assess the extent to which these conditions provide a motivation for policy intervention in energy-using product markets, including an examination of the evidence on policy effectiveness and cost. While theory and empirical evidence suggest there is potential for welfare-enhancing energy efficiency policies, many open questions remain, particularly relating to the extent of some of the key market and behavioral failures
Energy, the environment, and technological change by David Popp( file )
6 editions published in 2009 in English and held by 40 libraries worldwide
Within the field of environmental economics, the role of technological change has received much attention. The long-term nature of many environmental problems, such as climate change, makes understanding the evolution of technology an important part of projecting future impacts. Moreover, in many cases environmental problems cannot be addressed, or can only be addressed at great cost, using existing technologies. Providing incentives to develop new environmentally-friendly technologies then becomes a focus of environmental policy. This chapter reviews the literature on technological change and the environment. Our goals are to introduce technological change economists to how the lessons of the economics of technological change have been applied in the field of environmental economics, and suggest ways in which scholars of technological change could contribute to the field of environmental economics
Indexed regulation by Richard G Newell( Computer File )
5 editions published in 2008 in English and held by 39 libraries worldwide
Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional to an index, such as output. We find that policy preferences hinge on additional parameters describing the first and second moments of the index and the ex post optimal quantity level. When the ratio of these variables' coefficients of variation divided by their correlation is less than approximately two, indexed quantities are preferred to fixed quantities. A slightly more complex condition determines when indexed quantities are preferred to prices. Applied to climate change policy, we find that the range of variation and correlation in country-level carbon dioxide emissions and GDP suggests the ranking of an emissions intensity cap (indexed to GDP) compared to a fixed emission cap is not uniform across countries; neither policy clearly dominates the other
Where does energy R & D come from? examining crowding out from environmentally-friendly R & D by David Popp( Computer File )
3 editions published in 2009 in English and held by 32 libraries worldwide
Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R & D investments. Because the social returns to R & D investments are typically higher than the social returns to other types of investment, any new climate mitigation R & D that comes at the expense of other R & D investment may dampen the overall gains from induced technological change. Unfortunately, there has been little empirical work to guide modelers as to the potential magnitude of such crowding out effects. This paper considers both the private and social opportunity costs of climate R & D. Addressing private costs, we ask whether an increase in climate R & D represents new R & D spending, or whether some (or all) of the additional climate R & D comes at the expense of other R & D. Addressing social costs, we use patent citations to compare the social value of alternative energy research to other types of R & D that may be crowded out. Beginning at the industry level, we find some evidence of crowding out in sectors active in energy R & D, but not in sectors that do not perform energy R & D. This suggests that funds for energy R & D do not come from other sectors, but may come from a redistribution of research funds in sectors that are likely to perform energy R & D. Given this, we proceed with a detailed look at climate R & D in two sectors - alternative energy and automotive manufacturing. Linking patent data and financial data by firm, we ask whether an increase in alternative energy patents leads to a decrease in other types of patenting activity. We find crowding out for alternative energy firms, but no evidence of crowding out for automotive firms. Finally, we use patent citation data to compare the social value of alternative energy patents to other patents by these firms. Alternative energy patents are cited more frequently, and by a wider range of other technologies, than other patents by these firms, suggesting that their social value is higher
The global energy outlook by Richard G Newell( file )
3 editions published in 2013 in English and held by 30 libraries worldwide
We explore the principal trends that are shaping the future landscape of energy supply, demand, and trade. We take a long-term view, assessing trends on the time scale of a generation by looking 25 years into the past, taking stock of the current situation, and projecting 25 years into the future. We view these market, technology, and policy trends at a global scale, as well as assess the key regional dynamics that are substantially altering the energy scene. The shift from West to East in the locus of energy growth and the turnaround of North American gas and oil production are the most pronounced of these currents. Key uncertainties include the strength of economic and population growth in emerging economies, the stringency of future actions to reduce carbon emissions, the magnitude of unconventional natural gas and oil development in non-OPEC countries, and the stability of OPEC oil supplies
Balancing cost and emissions certainty an allowance reserve for cap-and-trade by Brian C Murray( file )
6 editions published in 2008 in English and held by 29 libraries worldwide
On efficiency grounds, the economics community has to date tended to emphasize price-based policies to address climate change -- such as taxes or a "safety-valve" price ceiling for cap-and-trade -- while environmental advocates have sought a more clear quantitative limit on emissions. This paper presents a simple modification to the idea of a safety valve: a quantitative limit that we call the allowance reserve. Importantly, this idea may bridge the gap between competing interests and potentially improve efficiency relative to tax or other price-based policies. The last point highlights the deficiencies in several previous studies of price and quantity controls for climate change that do not adequately capture the dynamic opportunities within a cap-and-trade system for allowance banking, borrowing, and intertemporal arbitrage in response to unfolding information
Carbon markets past, present, and future by Richard G Newell( Computer File )
2 editions published in 2012 in English and held by 29 libraries worldwide
Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market participants and market confidence. Moreover, the emerging international architecture features separate emissions trading systems serving distinct jurisdictions. These programs are complemented by a variety of other types of policies alongside the carbon markets. This sits in sharp contrast to the integrated global trading architecture envisioned 15 years ago by the designers of the Kyoto Protocol and raises a suite of new questions. In this new architecture, jurisdictions with emissions trading have to decide how, whether, and when to link with one another, and policymakers overseeing carbon markets must confront how to measure the comparability of efforts among markets as well as relative to a variety of other policy approaches
Nudging energy efficiency behavior the role of information labels by Richard G Newell( Computer File )
2 editions published in 2013 in English and held by 26 libraries worldwide
We evaluate the effectiveness of energy efficiency labeling in guiding household decisions. Using a carefully designed choice experiment with alternative labels, we disentangle the relative importance of different types of information and intertemporal behavior (i.e., discounting) in guiding energy efficiency behavior. We find that simple information on the economic value of saving energy was the most important element guiding more cost-efficient investments in energy efficiency, with information on physical energy use and carbon emissions having additional but lesser importance. The degree to which the current EnergyGuide label guided cost-efficient decisions depends importantly on the discount rate assumed. Using individual discount rates separately elicited in our study, we find that the current EnergyGuide label came very close to guiding cost-efficient decisions, on average. However, using a uniform five percent discount rate-which was much lower than the average elicited rate-the EnergyGuide label led to choices that result in a one-third undervaluation of energy efficiency. We find that labels that also endorsed a model (with Energy Star) or gave a suggestive grade to a model (EU-style label), encouraged substantially higher energy efficiency. Our results reinforce the centrality of views on intertemporal choice and discounting, both in terms of understanding individual behavior and in guiding policy
Evaluating the New Zealand individual transferable quota market for fisheries management by Suzi Kerr( Book )
1 edition published in 2003 in English and held by 8 libraries worldwide
Where does energy R&D come from? examining crowding out from environmentally-friendly R&D by David Popp( Book )
2 editions published in 2009 in English and held by 7 libraries worldwide
Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any new climate mitigation R&D that comes at the expense of other R&D investment may dampen the overall gains from induced technological change. Unfortunately, there has been little empirical work to guide modelers as to the potential magnitude of such crowding out effects. This paper considers both the private and social opportunity costs of climate R&D. Addressing private costs, we ask whether an increase in climate R&D represents new R&D spending, or whether some (or all) of the additional climate R&D comes at the expense of other R&D. Addressing social costs, we use patent citations to compare the social value of alternative energy research to other types of R&D that may be crowded out. Beginning at the industry level, we find some evidence of crowding out in sectors active in energy R&D, but not in sectors that do not perform energy R&D. This suggests that funds for energy R&D do not come from other sectors, but may come from a redistribution of research funds in sectors that are likely to perform energy R&D. Given this, we proceed with a detailed look at climate R&D in two sectors - alternative energy and automotive manufacturing. Linking patent data and financial data by firm, we ask whether an increase in alternative energy patents leads to a decrease in other types of patenting activity. We find crowding out for alternative energy firms, but no evidence of crowding out for automotive firms. Finally, we use patent citation data to compare the social value of alternative energy patents to other patents by these firms. Alternative energy patents are cited more frequently, and by a wider range of other technologies, than other patents by these firms, suggesting that their social value is higher
Designing climate mitigation policy by Joseph E Aldy( Book )
2 editions published in 2009 in English and held by 6 libraries worldwide
Abstract: This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling together key findings and controversies from diverse literatures on mitigation costs, damage valuation, policy instrument choice, technological innovation, and international climate policy. We begin with the broadest issue of how high assessments suggest the near and medium term price on greenhouse gases would need to be, both under cost-effective stabilization of global climate and under net benefit maximization or Pigouvian emissions pricing. The remainder of the paper focuses on the appropriate scope of regulation, issues in policy instrument choice, complementary technology policy, and international policy architectures
Environmental policy and technological change by Adam B Jaffe( Book )
3 editions published in 2002 in English and held by 5 libraries worldwide
Maximising value in multi-species fisheries / prepared by Richard G. Newell by Richard G Newell( Book )
1 edition published in 2004 in English and held by 4 libraries worldwide
A U.S. innovation strategy for climate change mitigation by Richard G Newell( file )
1 edition published in 2008 in English and held by 3 libraries worldwide
Environmental policy and technological change : the effects of economic incentives and direct regulation on energy-saving innovation by Richard G Newell( Book )
1 edition published in 1997 in English and held by 3 libraries worldwide
Climate change and forest sinks factors affecting the costs of carbon sequestration by Richard G Newell( Computer File )
3 editions published in 1999 in English and held by 3 libraries worldwide
Abatement-cost heterogeneity and anticipated savings from market-based environmental policies by Richard G Newell( Book )
3 editions published between 1999 and 2000 in English and held by 3 libraries worldwide
 
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Associated Subjects
Adult services in public libraries--Evaluation Carbon sequestration--Costs Climatic changes--Economic aspects Climatic changes--Environmental aspects Commercial products--Environmental aspects Consumer behavior--Econometric models Economic policy--Econometric models Economics Emissions trading--Econometric models Energy conservation--Econometric models Energy conservation--Economic aspects Energy conservation--Government policy Energy consumption--Econometric models Energy consumption--Economic aspects Energy consumption--Government policy Energy industries--Technological innovations Energy policy Energy Star (Program) Environmental economics Environmental policy Environmental policy--Econometric models Environmental policy--Economic aspects Environmental protection--Economic aspects Environmental protection--Technological innovations Fishery management Fishery policy Forest conservation Forest policy Global warming Greenhouse gas mitigation Greenhouse gas mitigation--Government policy Green technology Green technology--Economic aspects Green technology--Government policy Lewis, Wilma Antoinette, Management New Zealand Opportunity costs Power resources Power resources--Econometric models Power resources--Forecasting Technological innovations--Economic aspects Technological innovations--Environmental aspects Technological innovations--Government policy United States United States.--Bureau of Land Management United States.--Department of the Interior.--Office of the Secretary United States.--Energy Information Administration
Alternative Names
Newell, R. G. 1965-
Languages
English (90)
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