In this week’s episode, host Margaret Walls talks with economists Maximilian Auffhammer, Paul J. Ferraro, and John Whitehead. All three guests are recent recipients of the Association of Environmental and Resource Economists (AERE) Fellows Award. The AERE Fellows Program recognizes individuals who have made outstanding contributions to the field of environmental and resource economics, including research, mentorship, service in the AERE community, and policy advising. Auffhammer, Ferraro, and Whitehead reflect on their careers, discuss winning the award, and offer insights into the current state of environmental and resource economics and the evolution of the field.

References and recommendations:

Association of Environmental and Resource Economists; https://www.aere.org/

Berkeley/Sloan Summer School in Environmental and Energy Economics; https://www.auffhammer.com/summer-school

“Pricing the Priceless: A History of Environmental Economics” by Spencer Banzhaf; https://www.cambridge.org/core/books/pricing-the-priceless/417AAD8A445E8B64BAD6BC201D2F2163

“Letter from Birmingham Jail” by Martin Luther King Jr.; https://digitalcollections.libraries.ua.edu/digital/collection/p17336coll22/id/2681/

The Long View: Thoughts on the Economics Field from Three Environmental Economists

In this episode, Rob speaks with Nicholas Burns, the Roy and Barbara Goodman Family Professor of the Practice of Diplomacy and International Relations at Harvard Kennedy School about his time serving as U.S. Ambassador to China and on his perspectives about bilateral efforts to address climate change. 

Read a transcript of the podcast: https://www.belfercenter.org/sites/default/files/2025-06/nick-burns-podcast-transcript-june-2025.pdf.

Photo credit: Grace DuVal/Harvard University

Nicholas Burns on his time as U.S. Ambassador to China and on efforts to address climate change.

In this week’s episode, host Daniel Raimi talks with McKenna Peplinski, a senior research associate at Resources for the Future, about delays in building up the infrastructure that delivers electricity to the United States. Many electric power projects, such as bids for new generators and transmission lines, are waiting in long queues to connect to the grid. In a recent study she coauthored, Peplinski examines the consequences of these delays in building out power infrastructure by comparing two scenarios that the research team modeled: one in which projects move forward on schedule, and another in which projects get stalled. She shares the research findings, which reveal that these delays have negative consequences for energy costs, emissions from power plants, public health, and the feasibility of adding renewable energy sources to the grid.

References and recommendations:

“Power Delayed: Economic Effects of Electricity Transmission and Generation Development Delays” by Daniel Shawhan, McKenna Peplinski, Sally Robson, Ethan Russell, Ethan Ziegler, and Karen Palmer; https://www.rff.org/publications/working-papers/power-delayed-economic-effects-of-electricity-transmission-and-generation-development-delays/

“Clean Power Delayed: Effects of Infrastructure Delays on Health, Environment, and US Households” by Daniel Shawhan, McKenna Peplinski, Sally Robson, Ethan Russell, Ethan Ziegler, and Karen Palmer; https://www.rff.org/publications/working-papers/clean-power-delayed-effects-of-infrastructure-delays-on-health-environment-and-us-households/

“Decarbonize Your Life” from Heatmap News; https://heatmap.news/decarbonize-your-life

Power Delayed: The Hidden Costs of Postponing Power Projects, with McKenna Peplinski

In this week’s episode, host Daniel Raimi talks with Madeline Yozwiak, a PhD candidate at Indiana University Bloomington, about the potential of residential rooftop solar technology to address the growing problem of household energy insecurity in the United States. Energy insecurity—the inability to access or afford sufficient energy to meet basic household needs—affects about one in four US households. In a recent study she coauthored, Yozwiak evaluated whether rooftop solar can reduce energy burden by comparing the experiences and energy expenses of otherwise similar households, with and without rooftop solar. She shares findings from the study, which suggest that rooftop solar can lead to significant savings on energy bills and improve overall utility affordability.

References and recommendations:

“The effect of residential solar on energy insecurity among low- to moderate-income households” by Madeline Yozwiak, Galen Barbose, Sanya Carley, Sydney P. Forrester, David M. Konisky, Trevor Memmott, Cristina Crespo Montañés, and Eric O’Shaughnessy; https://www.nature.com/articles/s41560-025-01730-y

“Rooftop solar can reduce energy insecurity” by Madeline Yozwiak; https://www.nature.com/articles/s41560-025-01750-8

“Strangers in Their Own Land” by Arlie Russell Hochschild; https://thenewpress.org/books/9781620972250/

Who Benefits from Rooftop Solar—and How Much?, with Madeline Yozwiak

In this week’s episode, host Daniel Raimi talks with Varun Sivaram, senior fellow at the Council on Foreign Relations and founder and CEO of Emerald AI, about how “climate realism” could shape the future of US climate policy. In a recent article for the Council on Foreign Relations, Sivaram lays out the case for climate realism—an approach to US climate policy that both realistically prepares for the consequences of climate change and advances American foreign policy objectives. Sivaram explains and defends his arguments for climate realism, which include contentious claims about the feasibility of reaching global climate targets, US contributions to global emissions, and the economic benefits of the clean energy transition. Sivaram then outlines an alternative vision for US climate policy that promotes investments in clean technology and action in the international arena to mitigate the worst consequences of climate change.

References and recommendations:

“We Need a Fresh Approach to Climate Policy. It’s Time for Climate Realism” by Varun Sivaram; https://www.cfr.org/article/we-need-fresh-approach-climate-policy-its-time-climate-realism

“The Most Powerful People You’ve Never Heard Of” episode of the Freakonomics podcast; https://freakonomics.com/podcast/the-most-powerful-people-youve-never-heard-of/

“The World for Sale: Money, Power, and the Traders Who Barter the Earth’s Resources” by Javier Blas and Jack Farchy; https://global.oup.com/academic/product/the-world-for-sale-9780197651537

“Reflecting on Solar Geoengineering, with David Keith” from the Resources Radio podcast; https://www.resources.org/resources-radio/reflecting-solar-geoengineering-david-keith/

A New (and Controversial) Approach to Climate Policy, with Varun Sivaram

In this week’s episode, host Margaret Walls talks with Megan Lawson, an economist and researcher at Headwaters Economics, about how outdoor recreation economies support communities throughout the United States despite creating unique challenges for their residents. Many US communities that border public lands and scenic natural areas have recreation-dependent economies, meaning a majority of the local economy is driven by recreational activities and tourism. Lawson explains how recreation-dependent economies can be vulnerable to over-tourism, shortages in affordable housing, and increased risk of wildfires and floods. Lawson then unpacks the feasibility of public land sales to address challenges in making affordable housing available and describes ways to increase hazard resilience in recreation-dependent communities to protect full-time residents and visitors. 

References and recommendations:

“Housing on public lands will be limited by wildfire risk and development challenges” by Megan Lawson; https://headwaterseconomics.org/public-lands/wildfire-public-land-housing/

“If/Then: The Slippery Slope of Federal Land Sales” by Margaret Walls and Alexandra Thompson; https://www.resources.org/common-resources/if-then-the-slippery-slope-of-federal-land-sales/

“In Defense of Public Lands” by Steven Davis; http://tupress.temple.edu/books/in-defense-of-public-lands

“History of the Rain” by Niall Williams; https://www.bloomsbury.com/us/history-of-the-rain-9781620407707/


Recreation-Dependent Communities, Public Lands, and Housing Affordability, with Megan Lawson

In this episode, Rob speaks with Elaine Buckberg, Senior Fellow at Harvard's Salata Institute for Climate and Sustainability, about the future of the EV market, both domestic and international. 

Read the transcript of this episode: https://www.belfercenter.org/sites/default/files/2025-07/elaine-buckberg-podcast-transcript-july-2025.pdf

The Future of EVs: A Conversation with Elaine Buckberg

In this week’s episode, host Kristin Hayes talks with Ben Hertz-Shargel, global head of a research team at Wood Mackenzie that investigates the connections between energy consumers and the electric grid, about how the increasing energy demand from artificial intelligence (AI) is reshaping electricity markets in the United States. In a recent report for Wood Mackenzie, Hertz-Shargel investigates large-load tariffs—a new utility rate plan for large customers, like data centers, whose exceptionally high electricity demand necessitates constructing additional infrastructure. Hertz-Shargel outlines ongoing uncertainty around whether the existing electricity market can accommodate data centers, along with potential avenues for data centers to promote clean energy development and protect individual energy consumers and households from undue electricity price increases.

References and recommendations:

“Large load tariffs: a looming challenge for utilities” by Ben Hertz-Shargel; https://www.woodmac.com/news/opinion/large-load-tariffs-a-looming-challenge-for-utilities/

“Large load tariffs have a problem. Clean transition tariffs are the solution.” by Ben Hertz-Shargel; https://www.utilitydive.com/news/large-load-clean-transition-tariffs-wood-mackenzie/749722/

“Extracting Profits from the Public: How Utility Ratepayers Are Paying for Big Tech’s Power” by Ari Peskoe and Eliza Martin; https://eelp.law.harvard.edu/extracting-profits-from-the-public-how-utility-ratepayers-are-paying-for-big-techs-power/

Large Loads: Who Bears the Costs of Meeting a Growing Demand for Electricity, with Ben Hertz-Shargel

In this week’s episode, host Kristin Hayes talks with Danny Richter, director of the Pricing Carbon Initiative, about the existing suite of carbon pricing policies, a set of climate policy tools designed to reduce carbon dioxide emissions by requiring companies and other entities to pay for each ton of carbon dioxide they release into the atmosphere. Richter evaluates the international and domestic approaches to carbon pricing policies, explaining their history, uptake, and longevity. Richter highlights the flexibility of carbon pricing programs—which allows policymakers to tailor the sources and investment of revenues from carbon pricing to their unique policy priorities—as key to the long-term success of these programs. Richter then outlines shifting attitudes toward carbon pricing in the United States, highlighting how successful cap-and-invest initiatives emphasize the economic advantages of these policies while delivering climate benefits.

References and recommendations:

Pricing Carbon Initiative; https://pricingcarbon.org/

“Fourth Generation Carbon Prices” by Danny Richter; https://pricingcarbon.org/2024/11/fourth-generation-carbon-prices/

“Reserved: Carbon Pricing and the Dollar’s Special Status” by Danny Richter; https://pricingcarbon.org/2025/04/reserved-carbon-pricing-and-the-dollars-special-status/

Carbon Pricing Dashboard from the World Bank; https://carbonpricingdashboard.worldbank.org/

“How Carbon Border Adjustments Might Drive Global Climate Policy Momentum” by Kimberly Clausing, Milan Elkerbout, Katarina Nehrkorn, and Catherine Wolfram; https://www.rff.org/publications/reports/how-carbon-border-adjustments-might-drive-global-climate-policy-momentum/

“Our Dollar, Your Problem” by Kenneth Rogoff; https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/

Carbon Pricing Is Dead. Long Live Carbon Pricing!, with Danny Richter

In this week’s episode, host Daniel Raimi talks with Diana Hernández, an associate professor and codirector of the Energy Opportunity Lab at the Center on Global Energy Policy at Columbia University, about the struggles that ordinary Americans face in accessing affordable and reliable energy. In her recently released book, Powerless: The People’s Struggle for Energy, Hernández documents how energy insecurity affects people across the country and analyzes policy solutions that can help address the challenge. Hernández explains the interconnections among housing, public health, and poverty through stories which highlight the highly personal nature of energy insecurity and the difficult choices many Americans must make between essential expenses. Hernández then outlines potential improvements to existing energy-assistance programs, including increased support for year-round energy expenses and program adaptations to accommodate a changing climate.

References and recommendations:

“Powerless: The People’s Struggle for Energy” by Diana Hernández and Jennifer Laird, https://www.russellsage.org/publications/powerless

“Abundance” by Ezra Klein and Derek Thompson; https://www.simonandschuster.com/books/Abundance/Ezra-Klein/9781668023488

“Plundered” by Bernadette Atuahene; https://bernadetteatuahene.com/plundered/

“Debí Tirar Más Fotos” album by Bad Bunny; https://www.allmusic.com/album/deb%C3%AD-tirar-m%C3%A1s-fotos-mw0004451357

Energy Affordability Is Personal, with Diana Hernandez

In this week’s episode, host Daniel Rami talks with Heather Zichal, global head of sustainability at JPMorganChase, about the role of financial institutions in the energy transition. Zichal explains how she has advanced climate policy goals from positions in the United States Congress, the executive branch, nonprofits, and the financial sector. From these diverse perspectives, Zichal outlines the opportunities and challenges for climate-policy stakeholders as they navigate an uncertain political environment. Zichal highlights how financial institutions support the energy transition through green finance commitments, supporting clients’ sustainability goals, and investing in emerging technologies to support the world’s energy needs. Zichal underscores the importance of promoting climate solutions that focus on long-term value in the context of commercial and sustainability goals and that balance environmental and business priorities.

References and recommendations:

“Ocean” with David Attenborough; https://silverbackfilms.tv/shows/oceanwithdavidattenborough/

Financing the Energy Transition amid Unpredictable Climate Policy, with Heather Zichal

Resources Radio is a weekly podcast by Resources for the Future. Each week we talk to leading experts about climate change, electricity, ecosystems, and more, making the latest research accessible to everyone.

The Long View: Thoughts on the Economics Field from Three Environmental Economists

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