Joseph Aldy
Faculty Affiliate, Harvard Project on Climate Agreements
Contact:
Telephone: 617-496-7213
Email: joseph_aldy@hks.harvard.edu
Experience
Joe Aldy is an Assistant Professor of Public Policy at the Harvard Kennedy School, a Nonresident Fellow at Resources for the Future, and a Faculty Research Fellow at the National Bureau of Economic Research. His research focuses on climate change policy, energy policy, and mortality risk valuation. In 2009–2010, he served as the Special Assistant to the President for Energy and Environment, reporting through both the National Economic Council and the Office of Energy and Climate Change at the White House. Aldy was a Fellow at Resources for the Future from 2005–2008 and served on the staff of the President's Council of Economic Advisers from 1997–2000. He also served as the Co-Director of the Harvard Project on International Climate Agreements, Co-Director of the International Energy Workshop, and Treasurer for the Association of Environmental and Resource Economists before joining the Barack Obama Administration. He holds a Ph.D. in economics from Harvard University, a Master of Environmental Management degree from the Nicholas School of the Environment, and a B.A. from Duke University.
AP Photo
November 2011
The Promise and Problems of Pricing Carbon: Theory and Experience
Discussion Paper
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
Because of the global commons nature of climate change, international cooperation among nations will likely be necessary for meaningful action at the global level. At the same time, it will inevitably be up to the actions of sovereign nations to put in place policies that bring about meaningful reductions in the emissions of greenhouse gases. Due to the ubiquity and diversity of emissions of greenhouse gases in most economies, as well as the variation in abatement costs among individual sources, conventional environmental policy approaches, such as uniform technology and performance standards, are unlikely to be sufficient to the task. Therefore, attention has increasingly turned to market-based instruments in the form of carbon-pricing mechanisms. We examine the opportunities and challenges associated with the major options for carbon pricing: carbon taxes, cap-and-trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions.
October 2011
"The Promise and Problems of Pricing Carbon: Theory and Experience"
Discussion Paper
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
Market-approaches to reducing emissions of greenhouse gases lie at the heart of any cost-effective set of policies put forward in an international agreement—and will be considered at COP 17 in Durban in both the Kyoto and Long-term Cooperative Action discussions. Joseph Aldy and Robert Stavins "examine the opportunities and challenges associated with the major options for carbon pricing: carbon taxes, cap‐and‐trade, emission reduction credits, clean energy standards, and fossil fuel subsidy reductions."
AP Photo
Summer 2011
"What Next on Climate?"
Journal Article, Democracy: A Journal of Ideas, issue 21
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements, Vicki Arroyo, Alex Laskey, Manik Roy, Lexi Schultz and Bryan Walsh
The effort to address climate change stumbled with the failure to pass cap-and-trade. What should happen now? Five experts, including the Harvard Project's Joe Aldy, discuss the future of U.S. climate and energy policy.
September 2009
Post-Kyoto International Climate Policy: Summary for Policymakers
Book
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
This volume is a highly topical contribution to climate policy debates that offers options, based on cutting-edge social-science research, for an international climate change regime to succeed the Kyoto Protocol when it expires in 2012. It distils key findings from the Harvard Project into an easy reference for policymakers, journalists, and stakeholders.
AP Photo
November 24, 2008
Designing the Post-Kyoto Climate Regime: Lessons from the Harvard Project on International Climate Agreements
Report
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
A way forward is needed for the post-2012 period to address the threat of global climate change. The Harvard Project on International Climate Agreements is an international, multi-year, multi-disciplinary effort to help identify the key design elements of a scientifically sound, economically rational, and politically pragmatic post-2012 international policy architecture. Leading thinkers from academia, private industry, government, and non-governmental organizations around the world have contributed and will continue to contribute to this effort. The foundation for the Project is a book published in September 2007 by Cambridge University Press, Architectures for Agreement: Addressing Global Climate Change in the Post-Kyoto World (Aldy and Stavins 2007). From that starting point, the Harvard Project on International Climate Agreements aims to help forge a broad-based consensus on a potential successor to the Kyoto Protocol. The Project includes 28 research teams operating in Europe, the United States, China, India, Japan, and Australia.
Project Co-Directors Joseph E. Aldy and Robert N. Stavins have written an Interim Progress Report of the Harvard Project on International Climate Agreements for the 14th Conference of the Parties, Framework Convention on Climate Change.
AP Photo
September 3, 2008
"The Role of Technology Policies in an International Climate Agreement"
Paper
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
The Harvard Project on International Climate Agreements has agreed to help the Office of the Danish Prime Minister, in its role as incoming President of the 2009 Conference of the Parties, to prepare background papers and on-site briefings for a series of very high-level dialogues on climate change policy, hosted by the Prime Minister. These dialogues will each include about 25 participants, including CEOs of European and U.S. corporations, key officials from national governments and intergovernmental organizations, and leaders of major environmental NGOs. This paper on the subject of technology policies was prepared by the Harvard Project leadership for the second dialogue.
May 2008
Climate Change: Expert Opinion on the Economics of Policy Options to Address Climate Change
Report
By U.S. Government Accountability Office, Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
"...GAO was asked to elicit the opinions of experts on (1) actions the Congress might consider to address climate change and what is known about the potential benefits, costs, and uncertainties of these actions and (2) the key strengths and limitations of policies or actions to address climate change. GAO worked with the National Academy of Sciences to identify a panel of noted economists with expertise in analyzing the economic impacts of climate change policies and gathered their opinions through iterative, Web-based questionnaires. The findings reported here represent the views of the 18 economists who responded to both questionnaires."
Two of the 18 economists who participated were Harvard Project on International Climate Agreements Co-Directors Joseph Aldy and Robert Stavins. In addition, two other participating economists, James Edmonds of the Pacific Northwest National Laboratory and William Pizer of Resources for the Future, are members of Harvard Project research teams.
May 7, 2008
"Economic Incentives in a New Climate Agreement"
Paper
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
The Harvard Project on International Climate Agreements has agreed to help the Office of the Danish Prime Minister, in its role as incoming President of the 2009 Conference of the Parties, to prepare background papers and on-site briefings for a series of very high-level dialogues on climate change policy, hosted by the Prime Minister. These dialogues will each include about 25 participants, including CEOs of European and U.S. corporations, key officials from national governments and intergovernmental organizations, and leaders of major environmental NGOs. This paper on the subject of economic incentives was prepared by the Harvard Project leadership for the first dialogue.
May / June 2008
"Climate Policy Architectures for the Post-Kyoto World"
Journal Article, Environment, issue 3, volume 50
By Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements and Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
"The global climate has changed and will continue to change as a result of greenhouse gas emissions from a broad variety of human activities. In 2007, the Intergovernmental Panel on Climate Change determined that 'most of the observed increase in global average temperatures since the mid-20th century is very likely due to the observed increase in anthropogenic greenhouse gas concentrations.' If greenhouse gas emissions continue to grow unabated, the global average temperature will likely increase between 1.1°C and 6.4°C. This warming will unleash a myriad of impacts, the vast majority of which will adversely affect water availability, agricultural and forestry productivity, the spread of infectious diseases, extreme weather events, unique ecosystems and rare species, and the built environment in coastal areas. The risks of global climate change clearly necessitate an international effort."
AP Images
December 18, 2007
Bali Climate Change Conference: Key Takeaways
Summary Report
By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements and Joseph Aldy, Faculty Affiliate, Harvard Project on Climate Agreements
The Bali climate change conference was a qualified success. Before we went to Bali, we observed that it will be good news if there’s no bad news coming out of the negotiations. This was achieved, and then some.
