Environment
Intergenerational equity with individual impatience in a model of optimal and sustainable growth
Among the ethical objections to intergenerational impartiality is the violation of consumer sovereignty given that individuals are impatient. We accommodate that concern by distinguishing intra- and inter-generational discounting in an overlapping generations model suitable for analyzing sustainability issues.
Read MoreManaging a Grid with Green Energy
By Michael Roberts The calculator in the last post shows that installing solar is an incredibly valuable investment for households and businesses with the physical and financial ability to do it. The gains are so large that some wonder why the state is nearly breaking its budget to subsidize what would still, even without the […]
Read MoreCost Implications of GHG Regulation in Hawai‘i
The State of Hawai‘i and the U.S. are developing greenhouse gas (GHG) emissions reduction regulations in parallel. The State requires that economy-wide GHG emissions be reduced to 1990 levels by the year 2020 and the U.S. Environmental Protection Agency is developing new source performance standards (NSPS) for new electricity generation units. The State Department of […]
Read MoreThe Costs and Benefits of Installing Solar PV
By Michael Roberts Renewable energy presents many new challenges at the system level. Before we get to that, it helps to first look at things from a homeowner’s perspective. The Homeowner’s Solar PV Decision If you’re a homeowner, and you haven’t already installed PV solar, you may want to look into doing it very soon. […]
Read MorePURPA and the Impact of Existing Avoided Cost Contracts on Hawai’i’s Electricity Sector
The United States has been trying to reduce its dependence on imported fossil fuel since the 1970s. Domestic fossil fuel supply initially peaked in 1970, and the oil crises of 1973 and 1979 accelerated domestic policy and investments to develop renewable sources of energy (Joskow, 1997). One such policy—passed in 1978 by the U.S. Congress—was […]
Read MoreIs Monopoly a Barrier to Hawai’i’s Ascent?
By Michael Roberts In 2012 Joseph Stiglitz, a Nobel Prize winning economist and Columbia University Business School Professor visited Hawaii to give the Stephen and Marylyn Pauley Seminar in Sustainability. Stiglitz discussed sustainability within the context of our depressed national economy and ongoing struggles with debt and unemployment. For our economy to fully recover, we […]
Read MoreWhy are Hawai’i’s Electricity Prices So High?
By Michael Roberts Excluding rooftop solar, Hawai’i residential consumers pay an average of about 37 cents for a kilowatt-hour of electricity. Taking refrigerators, water heaters, stoves, air conditioning and other uses into account, the average Hawai’i household uses about 18.5 kWh each day, for a monthly bill of about $205. That’s a lot, between three […]
Read MoreOptimal groundwater management when recharge is declining: a method for valuing the recharge benefits of watershed conservation
Demand for water will continue to increase as per capita income rises and the population grows, and climate change can exacerbate the problem through changes in precipitation patterns and quantities, evapotranspiration, and land cover—all of which directly or indirectly affect the amount of water that ultimately infiltrates back into groundwater aquifers. We develop a dynamic […]
Read MoreChanging climate conditions threaten groundwater recharge. The potential benefits of conserving it are substantial.
By Kim Burnett and Christopher Wada Results from a recent statistical exercise suggest that by the end of the 21st century, Hawaii will likely see a 5-10% reduction in precipitation during the wet season and a 5% increase during the dry season (Timm and Diaz 2009). Given that approximately 70% of normal precipitation falls during […]
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