Michael Greenstone ! Ideas for India

Michael Greenstone
University of Chicago
Michael Greenstone is the Milton Friedman Professor in Economics at the University of Chicago and the Director of the Energy Policy Institute at Chicago (EPIC). His research largely focuses on environmental and energy economics. Prior to rejoining the faculty at Chicago, he was the 3M Professor of Economics at MIT. Among his many honours, he is an elected member of the American Academy of Arts and Sciences; Faculty Director of the E2e Project; Director of the Climate Change, Environment and Natural Resources Research Programme of the International Growth Centre; a Senior Fellow of the Brookings Institution; and Research Associate at the National Bureau of Economic Research.

He has worked extensively on the Clean Air Act and examined its impacts on air quality, manufacturing activity, housing prices, and infant mortality to assess its costs and benefits. He is currently engaged in a large scale project to estimate the economic costs of climate change. Other current projects include examinations of: the benefits of the Superfund program; the economic and health impacts of indoor air pollution in Orissa, India; individual’s revealed value of a statistical life; the impact of air pollution on life expectancies in China; the efficacy of environmental regulations in India; and the costs and benefits of an emissions trading market in India. Greenstone is also interested in the consequences of government regulation, more generally. He is conducting or has conducted research on: the effects of federal anti discrimination laws on black infant mortality rates; the impacts of mandated disclosure laws on equity markets; and the welfare consequences of state and local subsidies given to businesses that locate within their jurisdictions.

He served as the Chief Economist for President Obama’s Council of Economic Advisors in the first year of his Administration. He also served as a member of the EPA Science Advisory Board’s Environmental Economics Advisory Committee. His research has been funded by the NSF, NIH, and EPA, as well as private foundations. In 2004, Professor Greenstone received the 12th Annual Kenneth J. Arrow Award for Best Paper in the Field of Health Economics. Greenstone received a Ph.D. in economics from Princeton University and a B.A. in economics with High Honors from Swarthmore College.

Articles By Michael Greenstone
Star power: Rating industries in Maharashtra by emission levels
Posted On: 25 Jul 2017

Topics:   Environment

Maharashtra Pollution Control Board recently launched a programme to rate industries based on their emission levels – the first such initiative by a government regulator. An easy and accessible way to inform residents about industry emissions around where they live and work, Greenstone, Pande, Ryan and Sudarshan contend that the programme can infuse transparency and accountability into the system, and instil healthy competition among industries.
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Improved cooking stoves in India: Evaluating long-run impacts
Posted On: 13 Jul 2016

Topics:   Environment , Health

Improved cooking stoves are increasingly seen as an important technology to address indoor air pollution. While laboratory experiments have shown that they could have big effects on smoke exposure and emissions, this column finds limited long-run health and environmental impacts of an improved cooking stove programme in Odisha. This indicates the importance of testing interventions in real-world conditions taking into account willingness to pay, usage, and changes over time.
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Has environmental regulation been successful in India?
Posted On: 16 Jul 2012

Topics:   Environment

India has an impressive number of environmental regulations – but have they been a success? This column presents evidence that while initiatives such as catalytic converters for cars have reduced air pollution, there has been far less success in tackling water pollution. It argues that regulators will only be effective when they are given enough power and legitimacy.
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