Aldy is a Visiting 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 Regulatory Policy Program. Aldy’s research focuses on climate change policy, energy policy, and mortality risk valuation. In 2009-2010, Aldy served as the Special Assistant to the President for Energy and Environment, reporting through both the National Economic Council and the Office of Energy and Climate Change at the White House. Aldy was a Fellow at Resources for the Future from 2005 to 2008 and served on the staff of the President’s Council of Economic Advisers from 1997 to 2000. He also served as the Co-Director of the Harvard Project on International Climate Agreements, Co-Director of the International Energy Workshop, and Treasurer for the Association of Environmental and Resource Economists before joining the Obama Administration.
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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.