Richard G. Newell

Adjunct Professor of Economics and of Public Policy, Duke University
President and CEO, Resources for the Future
Chapter Member: North Carolina SSN

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About Richard

Dr. Newell is an expert on climate change, energy, environmental economics and policy. His publications examine the economics of markets and policies for energy, the environment, and related technologies, particularly issues surrounding global climate change, energy efficiency, and energy innovation. Dr. Newell is President and CEO of Resources for the Future, an independent, nonprofit research organization that improves environmental, energy, and natural resource decision-making through rigorous economic analysis. 


How the States Manage Revenue from Growing Oil and Natural Gas Production

  • Richard G. Newell

In the News

Richard G. Newell quoted on the global impacts of carbon dioxide by Chelsea Harvey, "Scientists have a New Way to Calculate What Global Warming Costs" The Washington Post, January 12, 2017.
Richard G. Newell quoted on proposed modules for the social cost of carbon by Robert F. Service, "Here's How to Improve Controversial Carbon Accounting Tool that Trump Allies Want to Gut, Says U.S. Science Academy" Science Magazine, January 11, 2017.
Daniel Raimi quoted on how local governments in eight states fared in capturing tax dollars from oil and gas production by Bill Bishop, "Fracking Boom Helped Rural Economies, Studies Say" The Daily Yonder, October 21, 2015.
Daniel Raimi quoted on impact and government handling of revenue from oil and natural gas by Rebecca Martinez WUNC91.5: North Carolina Public Radio, November 4, 2014.
"Lessons from the U.S.: the Benefits of Fracking for Local Government," Daniel Raimi (with Richard G. Newell), Public Leaders Network, The Guardian, June 4, 2014.
Daniel Raimi's research on the use of natural gas instead of higher-emission energy sources discussed by Hannah Osborne, "Fracking: Shale Gas 'Will Not Alter Climate Change Projections'," International Business Times, May 15, 2014.


"Who Did the Ethanol Tax Credit Benefit? An Event Analysis of Subsidy Incidence," (with David A. Bielen, Richard G. Newell, and William A. Pizer), National Bureau of Economic Research, February 2016.

Estimates incidence of the U.S. ethanol subsidy accruing to corn farmers, ethanol producers, gasoline blenders, and gasoline consumers at expiration in 2011. Presents evidence that ethanol producers capture two-thirds of the subsidy, and that a small portion of this benefit accrued to corn farmers. The remaining one-third appears to have been captured by blenders, as we find no evidence that oil refiners or gasoline consumers captured any part of the subsidy. 

"Shale Public Finance: Government Revenues and Costs Associated with Oil and Gas Development," (with Richard G. Newell), National Bureau of Economic Research, September 2015.

Examines financial implications for local governments associated with increased domestic oil and gas production, largely from shale resources. Finds that most, but not all, county and municipal governments have experienced net financial benefits.