I always looked at REPEAT/Rhodium analysis as best case scenario wrt clean cap additions. Lots of hard-to-model incentives and barriers that need to be overcome to reach those massive cap addn predictions

It’s unfortunate that this Fed conf is on the same day as the Assoc of Enviro & Res Econ Summer Conf, where there will be (and have been for many years) many climate econ papers presented

The DOE is sticking to the “deliver ability” part of the 3 pillars: energy.gov/sites/default/fil… Despite claims of an overwhelming consensus backing the 3 pillars, deliverability makes the $3/kg subsidy hard to justify: nber.org/papers/w31902

There is a strong push for deliverability restrictions in H2 subsidies: canarymedia.com/articles/hyd… However, our new WP (w/ Stephen Holland and Andy Yates) presents some evidence for why we it's hard to justify our H2 subsidies if we do: nber.org/papers/w31902

Getting a new waterheater (wh). 1st person suggests heatpump(hp) wh. 2nd guy says crawlspace is too small to install a hp wh that meets code. Both gave tankless quotes that r not eligible for IRA-tax credits. Punchline-I have no idea how much energy efficiency IRA will deliver.

via @NYTimes my son is really into parkour and I’m really into all things energy - finally our worlds collide nytimes.com/video/world/euro…

Not sure I buy Duke here either, but option value is real. W/ high price volatility it’s a bigger deal. Big energy system models don’t generally pick up uncert. that drives opt. val. Would be interesting to see if cost/effic. uncertainties will delay clean energy deployment