Environment

Groundwater Economics without Equations

June 6, 2014

In many parts of the world, irrigation and groundwater consumption are largely dependent on groundwater. Minimizing the adverse effects of water scarcity requires optimal as well as sustainable groundwater management. A common recommendation is to limit groundwater extraction to maximum sustainable yield (MSY). Although the optimal welfare-maximizing path of groundwater extraction converges to MSY in […]

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Optimal Joint Management of Interdependent Resources: Groundwater vs. Kiawe (Prosopis pallida)

June 4, 2014

Local and global changes continue to influence interactions between groundwater and terrestrial ecosystems. Changes in precipitation, surface water, and land cover can affect the water balance of a given watershed, and thus affect both the quantity and quality of freshwater entering the ground. Groundwater management frameworks often abstract from such interactions. However, in some cases, […]

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The Good, Bad, and Ugly of Watershed Management

Efficient management of groundwater resource systems requires careful consideration of relationships — both positive and negative — with the surrounding environment. The removal of and protection against “bad” and “ugly” natural capital such as invasive plants and feral animals and the enhancement of “good” capital (e.g. protective fencing) are often viewed as distinct management problems. […]

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Liquefied Natural Gas: A cleaner fossil fuel that’s cheaper than oil and pairs well with renewable energy

May 21, 2014

By Sherilyn Wee and Michael Roberts Spurred by low natural gas prices and a maturing market for liquefied natural gas (LNG), Hawai‘i Gas received their first shipment of LNG in containers in early April. In phase one of the gas utility’s plan, LNG serves as a backup fuel for locally produced synthetic natural gas (SNG). […]

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Intergenerational equity with individual impatience in a model of optimal and sustainable growth

May 1, 2014

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.

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Managing a Grid with Green Energy

April 21, 2014

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 […]

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Cost Implications of GHG Regulation in Hawai‘i

April 16, 2014

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 […]

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The Costs and Benefits of Installing Solar PV

April 7, 2014

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. […]

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PURPA and the Impact of Existing Avoided Cost Contracts on Hawai’i’s Electricity Sector

March 13, 2014

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 […]

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