Billy Pizer

Professor in the Sanford School of Public Policy

Billy Pizer joined the faculty of the Sanford School of Public Policy at Duke University in the fall of 2011.  He also was appointed a faculty fellow in the Nicholas Institute for Environmental Policy Solutions, a nonpartisan institute at Duke that focuses on finding solutions to some of the nation's most pressing environmental challenges.  His current research examines how public policies to promote clean energy can effectively leverage private sector investments, how environmental regulation and climate policy can affect production costs and competitiveness, and how the design of market-based environmental policies can address the needs of different stakeholders.  From 2008 to 2011, Pizer was deputy assistant secretary for environment and energy in the U.S. Department of the Treasury, where he created and led a new office responsible for the department’s role in the domestic and international environment and energy agenda of the United States. Prior to that, Pizer was a researcher at Resources for the Future (RFF), a nonpartisan think tank, for more than a decade. He served as senior economist for the environment at the White House Council of Economic Advisers from 2001 to 2002.  Pizer's academic experience includes visiting professorships at The Johns Hopkins University (1997-1999) and Stanford University (2000-2001). He has published more than thirty peer-reviewed articles and books and holds a PhD and MA in economics from Harvard University and BS in physics from the University of North Carolina at Chapel Hill. (On leave, spring 2016)

Education

  • Ph.D., Harvard University 1996
  • B.S., University of North Carolina at Chapel Hill 1990

Aldy, JE, and Pizer, WA. "Comparing countries' climate mitigation efforts in a post-Kyoto world." In Implementing a US Carbon Tax: Challenges and Debates, 233-252. February 11, 2015.

Pizer, WA, Pizer, WA, Boyd, J, Burtraw, D, Krupnick, A, McConnell, V, Newell, RG, Palmer, K, Sanchirico, JN, Walls, M, Sanchirico, J, Newell, R, Gillingham, K, Newell, R, and Palmer, K. "Setting energy policy in the modern era: Tough challenges lie aheadChoosing price or quantity controls for greenhouse gasesTrading cases: Five examples of the use of markets in environmental and resource managementCatching market efficiencies: Quota-based fisheries managementThe effectiveness and cost of energy efficiency programs (PublishedPublishedPublishedPublishedPublished)." In The RFF Reader in Environmental and Resource Policy: Second Edition, 171-174. January 4, 2006. Full Text

Wiener, J. "Making Markets for Global Forests Conservation." In Painting the White House Green: Environmental Economics in the White House, 119-140. 2004. (Chapter)

Aldy, JE, and Pizer, WA. Comparability of Effort in International Climate Policy Architecture. February 13, 2014.

Arrow, KJ, Cropper, M, Gollier, C, Groom, B, Heal, GM, Newell, RG, Nordhaus, WD, Pindyck, RS, Pizer, WA, Portney, P, Sterner, T, Tol, RSJ, and Weitzman, M. How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel. December 19, 2013.

Pizer, WA. A U.S. Perspective on Future Climate Regimes. February 12, 2007.

Goulder, LH, and Pizer, WA. The Economics of Climate Change. June 21, 2006.

Goulder, LH, and Pizer, WA. The Economics of Climate Change..

Newell, R, and Pizer, WA. Indexed Regulation.. Open Access Copy

Pizer, WA, Shih, J-S, and Morgenstern, RD. Are We Overstating the Economic Costs of Environmental Protection?..

Pages

Aldy, J, Pizer, W, Tavoni, M, Reis, LA, Akimoto, K, Blanford, G, Carraro, C, Clarke, LE, Edmonds, J, Iyer, GC, McJeon, HC, Richels, R, Rose, S, and Sano, F. "Economic tools to promote transparency and comparability in the Paris Agreement." Nature Climate Change 6, no. 11 (August 22, 2016): 1000-1004. Full Text Open Access Copy

Dietz, S, Groom, B, and Pizer, WA. "Weighing the costs and benefits of climate change to our children." Future of Children 26, no. 1 (March 1, 2016): 133-155.

Aldy, JE, Pizer, WA, and Akimoto, K. "Comparing emissions mitigation efforts across countries." Climate Policy (January 11, 2016): 1-15. Full Text

Aldy, JE, and Pizer, WA. "Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture." Review of Environmental Economics and Policy 10, no. 1 (January 2016): 3-24. Full Text

Pizer, WA, and Yates, AJ. "Terminating links between emission trading programs." Journal of Environmental Economics and Management 71 (May 2015): 142-159. Full Text Open Access Copy

Buntaine, MT, and Pizer, WA. "Encouraging clean energy investment in developing countries: what role for aid?." Climate Policy 15, no. 5 (January 1, 2015): 543-564. Full Text

Newell, RG, Pizer, WA, and Raimi, D. "Carbon Markets: Past, Present, and Future." Annual Review of Resource Economics 6, no. 1 (November 10, 2014): 191-215. Full Text Open Access Copy

Arrow, KJ, Cropper, ML, Gollier, C, Groom, B, Heal, GM, Newell, RG, Nordhaus, WD, Pindyck, RS, Pizer, WA, Portney, PR, Sterner, T, Tol, RSJ, and Weitzman, ML. "Should Governments Use a Declining Discount Rate in Project Analysis?." Review of Environmental Economics and Policy 8, no. 2 (July 2014): 145-163. Full Text Open Access Copy

Newell, RG, Pizer, WA, and Raimi, D. "Carbon markets: effective policy?--Response." Science (New York, N.Y.) 344, no. 6191 (June 26, 2014): 1460-1461. Full Text Open Access Copy

Pages

Background Assessment of Options for Pricing Carbon awarded by World Resources Institute (Co-Principal Investigator). 2014 to 2015