F&ES 618a / 2017-2018

Energy Policy in Practice

Credits: 3
Fall 2017: O, T/W - 2:30-3:50, Bowers

Energy is pervasive in our economy and our lives. How energy is supplied and consumed has implications for economic competitiveness, employment, household welfare, national security, and the environment. While U.S. energy markets are generally deep and established, without appropriate regulation energy markets cannot be relied on to protect consumers or the environment, or to supply a range of nonmarket benefits. As a result, the United States has a long history of government intervention in energy markets. Recent years have seen far-reaching energy policy interventions, such as the Clean Power Plan and the elimination of the crude oil export ban, alongside rapid changes in energy markets, such as strong growth in oil and natural gas production from shale and steep drops in the cost of renewable energy technologies. While energy markets are regulated at all levels of government and in service of a range of objectives, this course focuses primarily on federal energy policy intervention that seeks to correct for externalities associated with production and consumption of energy