Richard G. Newell
Areas of Expertise & Civic Involvements
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.
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.
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.