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The Economist features energy research by Professors Jim Bushnell and Kevin Novan

The Economist magazine featured analysis by Professor Jim Bushnell (Economics) and Assistant Professor Kevin Novan (Agricultural Economics) examining how policy design can take into account varying availability of energy through the day to encourage use of renewables.

The Economist magazine featured analysis by Professor Jim Bushnell (Economics) and Assistant Professor Kevin Novan (Agricultural Economics) examining how policy design can take into account varying availability of energy through the day to encourage use of renewables:

"A working paper published last month by James Bushnell and Kevin Novan of the University of California, Davis, underscores the challenge... because additional solar capacity will produce power at times when there is already a glut, returns to further investment in solar capacity will decline. This points to a big flaw in state mandates, such as California’s, which assume that investment will pour into renewables even if market prices are low. The authors favour a price on carbon instead... which would help spur investment in clean-energy provision at times when the sun is not shining."