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Richard G. Newell, Gendell Associate Professor of Energy and Environmental Economics and Associate Professor of Economics

Richard G. Newell is the Gendell Associate Professor of Energy and Environmental Economics at the Nicholas School of the Environment, Duke University. He is a Research Associate of the National Bureau of Economic Research and a University Fellow of Resources for the Future, where he was previously a Senior Fellow. He has served as the Senior Economist for energy and environment on the President’s Council of Economic Advisers. He currently serves on the boards of the Journal of Environmental Economics and Management, the journal Energy Economics, the Association of Environmental and Resource Economists, and the Automotive X-Prize. He has also been a member of expert committees including the National Academy of Sciences (NAS) committee on Energy R&D, NAS committee on Innovation Inducement Prizes, and NAS committee on Energy Efficiency, and the 2007 National Petroleum Council Global Oil and Gas Study. He has served as an independent expert reviewer and advisor for many governmental, non-governmental, international, and private institutions.

Professor Newell’s research centers on the economics of markets and policies for the environment, energy, and related technologies, particularly the cost and effectiveness of alternatives for reducing greenhouse gas emissions and achieving other environmental and energy goals. Economic analysis of market-based policies, technology policies, and the influence of markets and policy on technology innovation and adoption are important themes in his work. He has published in major economics journals, including the Quarterly Journal of Economics, the Journal of Environmental Economics and Management, the Journal of Industrial Economics, and the American Journal of Agricultural Economics, and has contributed articles for widely disseminated publications such as “Technological Change and the Environment” for the Handbook of Environmental Economics. He holds a Ph.D. from Harvard University, Master in Public Affairs (M.P.A.) from Princeton’s Woodrow Wilson School of Public and International Affairs, and a B.S. and B.A. from Rutgers University.

Contact Info:
Office Location:  103 Old Chemistry Building
Office Phone:  (919) 681-8663
Email Address: send me a message

Teaching (Fall 2012):

  • PUBPOL 635.01, POLITICS OF HEALTH CARE Synopsis
    Gross Hall 103, MW 03:05 PM-04:20 PM
    (also cross-listed as ENVIRON 635.01)
  • ENVIRON 898.09, PROGRAM AREA SYMPOSIUM Synopsis
    Gross Hall 103, F 03:05 PM-04:20 PM
Education:

PhDHarvard University
MPAPrinceton University
BS, BARutgers University
Specialties:

energy
environmental economics
global climate change
environmental policy
technological change
Research Interests: the economics of energy and environmental markets, policies, and technologies; climate change; energy efficiency; and market-based environmental policy.

Curriculum Vitae
Working Papers

  1. J. Reichman, A.K. Rai, R.G. Newell and J.B. Wiener, Intellectual Property and Alternatives: Strategies for Green Innovation, Energy, Environment and Development Programme Paper 08/03 (December, 2008), Chatham House, UK [PDF]
Representative Publications

  1. Arimura, T., S. Li, R.G. Newell, and K. Palmer, Cost-Effectiveness of Electricity Energy Efficiency Programs, The Energy Journal (Forthcoming) [PDF]
  2. Henderson, R.H and R.G. Newell, Accelerating Innovation in Energy: Insights from Multiple Sectors. Introduction and Summary (2011) (University of Chicago Press.) [PDF]
  3. B. Murray, R.G. Newell, and W.A. Pizer., Balancing cost and emissions certainty: An allowance reserve for cap-and-trade, Review of Environmental Economics and Policy, vol. 3 no. 1 (Winter, 2009), pp. 84-103 [PDF]
  4. Eccles, J.K., L. Pratson, R.G. Newell, and R.B. Jackson., Physical and economic potential of geological CO2 storage in saline aquifers, Environmental Science and Technology, vol. 43 (January, 2009), pp. 1962-1969 [PDF]
  5. R.G. Newell, The role of markets and policies in delivering innovation for climate change mitigation, Oxford Review of Economic Policy (2009)
  6. Aldy, J.E., A.J. Krupnick, R.G. Newell, I.W.H. Parry, and W.A. Pizer, Designing climate mitigation policy, Journal of Economic Literature (2009)
  7. Gillingham, K., R.G. Newell, and K. Palmer, Energy efficiency economics and policy, Annual Review of Resource Economics, vol. 1 (2009), pp. 597-619 [PDF]
  8. R.G. Newell and W.A Pizer, Carbon Mitigation Costs for the Commercial Building Sector: Discrete-continuous Choice Analysis of Multifuel Energy Demand, Resource and Energy Economics, vol. 30 no. 4 (December, 2008), pp. 527-539 [Article] [Supplementary Material]
  9. R.G. Newell, A U.S. Innovation Strategy for Climate Change Mitigation, Hamilton Project Discussion Paper 2008-15 (December, 2008), Brookings Institution [PDF]
  10. J. Reichman, A.K. Rai, R.G. Newell and J.B. Wiener, Intellectual Property and Alternatives: Strategies for Green Innovation, Energy, Environment and Development Programme Paper 08/03 (December, 2008), Chatham House, UK [PDF]
  11. Gillingham, K., R.G. Newell, and W.A. Pizer, Modeling endogenous technological change for climate policy analysis, Energy Economics, vol. 30 no. 6 (November, 2008), pp. 2734-2753 [PDF]
  12. C. Fisher and R.G. Newell, What’s the Best way to Promote Green Power?: Don’t Forget the Emissions Price, Resources, vol. 160 (Summer, 2008), pp. 10-13 [PDF]
  13. Fischer, C. and R.G. Newell, Environmental and Technology Policies for Climate Mitigation, Journal of Environmental Economics and Management, vol. 55 no. 2 (March, 2008), pp. 142-162 [pdf]
  14. Eccles, J.K., L. Pratson, R.G. Newell, E. Williams , and R.B. Jackson, Geosequestration Supply Distribution for U.S. Sedimentary Basins (Submitted, 2009)
  15. Popp, D., R.G. Newell, and A.B. Jaffe, Energy, the Environment, and Technological Change, in Handbook of Economics of Technical Change. (2009) (North Holland.) [PDF]
  16. de Coninck, H., C. Fischer, R.G. Newell, and T. Ueno, International technology-oriented agreements to address climate change, Energy Policy, vol. 36 (January, 2008), pp. 335-356 [pdf]
  17. R.G. Newell and W.A. Pizer, Indexed Regulation, J. Environ. Econ. and Management (2008) [PDF]
  18. Newell, R.G., K.L. Papps, and J.N. Sanchirico, Asset pricing in created markets, American Journal of Agricultural Economics, vol. 89 no. 2 (May, 2007), pp. 259-272 [pdf]
  19. R.G. Newell and D. Hall, U.S. Climate Mitigation in the Context of Global Stabilization, in Assessing U.S. Climate Policy Options (2007), Resources for the Future [PDF]
  20. R.G. Newell, Climate Technology Research, Development, and Demonstration: Funding Sources, Institutions, and Instruments, in Assessing U.S. Climate Policy Options (2007), Resources for the Future [PDF]
  21. R.G. Newell, Climate Technology Deployment Policy, in Assessing U.S. Climate Policy Options (2007), Resources for the Future [PDF]
  22. Gillingham, K., R.G. Newell, and K. Palmer, Energy efficiency policies: A retrospective examination, Annual Review of Environment and Resources, vol. 31 (2006), pp. 162-192 [pdf]
  23. R.G. Newell, International Climate Technology Strategies, in Post-Kyoto International Climate Policy: Implementing Architectures for Agreement (2009), Cambridge University Press (Edited by Joseph E. Aldy Resources for the Future Robert N. Stavins Harvard University, Massachusetts.) [PDF]
  24. R.G. Newell, What's the big deal about oil? How we can get oil policy right, Resources, vol. 163 (Fall, 2006), pp. 6-10 [PDF]
  25. Pizer, W.A., D. Burtraw, W. Harrington, R.G. Newell, and J.N. Sanchirico, Modeling costs of economy-wide versus sectoral climate policies using combined aggregate-sectoral models, Energy Journal, vol. 27 no. 3 (2006), pp. 135-168 [pdf]
  26. R.G. Newell, The Energy Innovation System: A Historical Perspective, in Accelerating Innovation in Energy: Insights from Multiple Sectors (R.H. Henderson and R.G. Newell, eds) (2009) (University of Chicago Press.) [PDF]
  27. Newell, R.G., A.B.Jaffe and R.N. Stavins, A Tale of Two Market Failures: Technology and Environmental Policy., Ecological Economics, vol. 54 (2005), pp. 164-174 [pdf]
  28. Gillingham, K., R.G. Newell and K. Palmer, The effectivenes and cost of energy efficiency programs, Resources, vol. 155 (2005), pp. 22-25 [pdf]
  29. Newell, R.G., W.A., Pizer and J. Zhang, Managing Permit Markets to Stabilize Prices, Environment and Resource Economics, vol. 31 no. 2 (2005), pp. 133-157 [pdf]
  30. Newell, R.G., The hydrogen economy: Laying out the groundwork, Resources, vol. 156 (2005), pp. 20-23 [pdf]
  31. R.G. Newell and K. Rogers, The market-based lead phasedown, in Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience, edited by J. Freeman and C. Kolstad (2007), pp. 173-193, Oxford University Press, ISBN 0-19-518965-5 [pdf]
  32. Newell, R.G., J.N. Sanchirico and S. Kerr., Fishing Quota Markets, Journal of Environmental Economics and Management, vol. 49 (2005), pp. 437-462 [pdf]
  33. Newell, R.G., Maximising Value in Multi-species Fisheries, Ian Axford Fellowship in Public Policy, New Zealand Fulbright Program (2004), Wellington, New Zealand [pdf]
  34. Anderson, S.T. and R.G. Newell, Prospects for Carbon Capture and Storage Technologies, Annual Review of Environment and Resources, vol. 29 (2004), pp. 109-142 [pdf]
  35. Jaffe, A.B., R.G. Newell, and R.N. Stavins, Technological change and the environment, in Handbook of Environmental Economics, Handbooks in Economics series, edited by K.-G. Mäler and J. Vincent, vol. 1 (2003), pp. 461-516, Amsterdam: North-Holland/Elsevier [PDF]
  36. Sanchirico, J.N. and R.G. Newell, Catching market Efficiencies, Spring, Resources, vol. 150 (2003), pp. 8-11 [pdf]
  37. Kerr, S. and R.G. Newell, Policy-Induced Technology Adoption: Evidence from the U.S. Lead Phasedown., Journal of Industrial Economics, vol. 51 no. 3 (2003), pp. 317-343 [pdf]
  38. Boyd, James, Dallas Burtraw, Alan Krupnick, Virginia McConnell, Richard G. Newell, Karen Palmer, James Sanchirico, and Margaret Walls, Trading Cases: Is trading credits in created markets a better way to reduce pollution and protect natural and protect natural resources?, Environmental Science and Technology, vol. 37 no. 11 (2003), pp. 217-223 [pdf]
  39. Newell, R.G., A.B. Jaffe, and R.N. Stavins, The Induced Innovation Hypothesis and Energy-Saving Technological Change, in Technological Change and the Environment, edited by A. Grubler, N. Nakicenovic, and W.D. Nordhaus, eds (2002), pp. 97-126, RFF Press, Washington, DC (Reprinted from Quarterly Journal of Economics, 114(3):941-975.) [pdf]
  40. Newell, R.G. and W.A. Pizer, Discounting the benefits of Climate Change Policies Using Uncertain Rates, Resources, vol. Winter no. 146 (2002), pp. 15-20 [PDF]
  41. Newell, R.G. and W.A. Pizer, Uncertain Discount Rates in Climate Policy Analysis, Energy Policy, vol. 32 no. 4 (2004), pp. 519-529 [pdf]
  42. Newell, R.G. and W.A. Pizer, Discounting the Benefits of Climate Change Mitigation: How much do Uncertain Rates Increase Valuations?, Economics Technical Series (2001), Pew Center on Blobal Climate Change, Washington, DC [PDF]
  43. Newell, R.G. and W.A. Pizer, Regulating Stock Externalities under Uncertainty, Journal of Environmental Economics and Management, vol. 45 (2003), pp. 416-432 [pdf]
  44. Anderson, S.T. and R.G. Newell, Information Programs for Technology Adoption: The Case of Energy-Efficiency Audits, Resource and Energy Economics, vol. 26 (2003), pp. 27-50 [pdf]
  45. Anderson, S.T. and R.G. Newell, Prospects for Carbon Capture and Storage Technologies, Discussion Paper 02-68, Resources for the Future , Washington, D.C. [pdf]
  46. R.G. Newell and W.A. Pizer, Discounting the Distant Future: How Much Do Uncertain Rates Increase Valuations?, Journal of Environmental Economics and Management, vol. 46 no. 1 (2003), pp. 52-71 [pdf]
  47. Newell, R.G. and R.N. Stavins, Cost Heterogeneity and Potential Savings from Market-based Policies, Journal of Regulatory Economics, vol. 23 no. 1 (2003), pp. 43-59 [pdf]
  48. Anderson, S.T. and R.G. Newell, Simplified Marginal Effects in Discrete Choice Models, Economics Letters, vol. 81 no. 3 (2003), pp. 321-326 [pdf]
  49. Jaffe, A.B, R.G. Newell, and R.N. Stavins, Environmental Policy and Technological Change, Environmental and Resource Economics, vol. 22 no. 1-2 (2002), pp. 41-69 [pdf]
  50. Newell, R.G. and R.N. Stavins, Climate Change and Forest Sinks: Factors Affecting the Costs of Carbon Sequestration, Journal of Environmental Economics and Management, vol. 40 no. 3 (2000), pp. 211-235 [pdf]
  51. Newell, R.G., A.B. Jaffe, and R.N. Stavins, The Induced Innovation Hypothesis and Energy-Saving Technological Change, Quarterly Journal of Economics, vol. 114 no. 3 (1999), pp. 941-975 [pdf]

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