Derek Lemoine

Derek Lemoine joined the Eller College of Management in 2011 after earning his PhD in Energy and Resources from the University of California, Berkeley. In addition to teaching at Eller, he is also a research associate for the National Bureau of Economic Research and an associate fellow for the Centre for Economic Policy Research (CEPR) in the Climate Change Research and Policy Network. His research investigates the dynamics of optimal environmental policy and energy systems, the economic consequences of climate change, how uncertainty affects the value of avoiding climate change, how to design policies to control climate change, and the value of short- and long-run weather forecasts, among other topics.

Courses

• ECON 696V Environmental and Energy Economics: Applied Theory
• ECON 150 Energy and Environmental Challenges

Primary Publications

• Innovation-Led Transitions in Energy Supply, American Economic Journal: Macroeconomics, 2024, 16(1): 29-65.
• Designing Dynamic Subsidies to Spur Adoption of New Technologies, Journal of the Association of Environmental and Resource Economists, 2022, 9(6):1197-1234.
• The Climate Risk Premium: How Uncertainty Affects the Social Cost of Carbon, Journal of the Association of Environmental and Resource Economists, 2021, 8(1): 27-57.
• General Equilibrium Rebound from Energy Efficiency Innovation, European Economic Review, 2020, 125:103431
• Steering the Climate System: Using Inertia to Lower the Cost of Policy, American Economic Review, 2017, 107(10):2947-57, (with I. Rudik)
• Green Expectations: Current Effects of Anticipated Carbon Pricing, Review of Economics and Statistics, 2017, 99(3):499-513
• Age-Induced Acceleration of Time: Implications for Intertemporal Choice, Journal of Economic Behavior and Organization, 2018, 153: 143-152
• Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point, Annual Review of Resource Economics, 2017, 9:117-142, (with I. Rudik)
• Escape from Third-Best: Rating Emissions for Intensity Standards, Environmental and Resource Economics, 2017, 67(4):789-821
• A Top-Down Approach to Projecting Market Impacts of Climate Change, Nature Climate Change, 2016, (6):51-55, (with S. Kapnick)
• Watch Your Step: Optimal Policy in a Tipping Climate, American Economic Journal: Economic Policy, 2014, 6(1):137-166, (with C. Traeger)
• The Economics of Solar Electricity, Annual Review of Resource Economics, 2013, 5(1): 387-426, (with E. Baker, M. Fowlie and S. Reynolds)

Working Papers

• What Were the Odds? Estimating the Market's Probability of Uncertain Events (with Ashley Langer)
• Financial Markets Value Skillful Forecasts of Seasonal Climate (with Sarah Kapnick)
• Rationally Misplaced Confidence
• Incentivizing Negative Emissions Through Carbon Shares 
• Estimating the Consequences of Climate Change from Variation in Weather (free version)

Other Selected Publications

• Steering the climate system: Reply, American Economic Review, 2020, 110(4):1238-1241, (with I. Rudik)
• Ambiguous Tipping Points, Journal of Economic Behavior and Organization, 2016, 132:5-18, (with C. Traeger) 
• Economics of Tipping the Climate Dominoes, Nature Climate Change, 2016, 6(5):514-519, (with C. Traeger)
• Valuing Plug-In Hybrid Electric Vehicles' Battery Capacity Using a Real Options Framework, The Energy Journal, 2010, 31(2):113-143
• Trapped Between Two Tails: Trading Off Scientific Uncertainties via Climate Targets, 2013.  Environmental Research Letters 8:034019, (with H.C. McJeon)
• Climate Sensitivity Distributions Depend on the Possibility that Models Share Biases, Journal of Climate, 2010, 23(16):4395-4415
• Paleoclimatic Warming Increased Carbon Dioxide Concentrations, Journal of Geophysical Research, 2010, 115:D22122
• An Innovation and Policy Agenda for Commercially Competitive Plug-In Hybrid Electric Vehicles, Environmental Research Letters, 2008, 3(1):014003, (with D. Kammen and A. Farrell)