Aldy's research focuses on climate change policy, energy policy, and regulatory policy. Aldy is a University Fellow at Resources for the Future, a Faculty Research Fellow at the National Bureau of Economic Research, a Senior Adviser at the Center for Strategic and International Studies, and the Faculty Chair of the HKS M-RCBG Regulatory Policy Program. He has previously served as the Special Assistant to the President for Energy and Environment at the White House, a Fellow at Resources for the Future, and a Senior Economist at the Council of Economic Advisers.
In the News
Discusses critics having opposed clean energy public investment by claiming that governments must not pick winners, green subsidies enable rent-seeking behaviour, and failed companies means failed policy.
Proposes a carbon tax policy that accounts for new scientific, economic, and political information can both send necessary price signals to reduce US carbon dioxide emissions and leverage meaningful mitigation efforts by other countries.
Proposes a climate change deal that could abet tax and regulatory reform by swapping a market-based carbon tax for sectoral regulatory policies.
Uses four integrated assessment models to evaluate and compare mitigation effort among major economies under the UN Paris Agreement. Uses four integrated assessment models to evaluate and compare mitigation effort among major economies under the UN Paris Agreement.
Analyzes durable, successful public policies in U.S. history whose costs and benefits accrued to different groups – the 1935 Social Security Act, the 1956 Interstate Highway Act, and the 1970 Clean Air Act Amendments – and draws lessons for climate policy.