Associate Professor of Economics Featured in Podcast on Carbon Emissions
Oct. 8, 2020
Eller College of Management Associate Professor of Economics Derek Lemoine was recently interviewed in an October 7 Reviewer 2 podcast episode (available on Spotify and Apple Podcasts), explaining his newest working paper on carbon shares.
The podcast episode discusses market mechanisms and negative emissions with Lemoine as well as his paper, “Incentivizing Negative Emissions Through Carbon Shares,” recently released in the National Bureau of Economic Research.
“The basic problem is that carbon emissions have real social costs that are not priced in markets. We use markets because they tend to do a good job of balancing costs and benefits and allocating resources,” explains Lemoine in the podcast. “But if the giant algorithm that is the market takes some bad data, it’s going to give a really bad output. So, the goal with carbon pricing is to solve that problem.”
Derek Lemoine joined the Eller College of Management in 2011 after earning his PhD in Energy and Resources from the University of California, Berkeley. His areas of expertise include environmental and energy economics, climate change, technological change and decision-making under uncertainty and over time. He is a member of the American Economic Association, the Association of Environmental and Resource Economists and the Econometric Society.