From USA Today
In his State of the Union, President Obama set a goal to “cut in half the energy wasted by our homes and businesses over the next 20 years.”
Many Americans get nervous when we hear the government wants to step into our homes. We think we make prudent choices without conferring with Uncle Sam. We shop sales. We clip coupons. We refinance our mortgages. So is the president right? Do we systematically waste energy? And if so, can he help us save?Read More.
Christopher R. Knittel is a professor of energy economics and co-director of the Center for Energy and Environmental Policy Research at the MIT Sloan School of Management.