PERC addresses an array of energy policies, from oil and gas leasing to urban energy infrastructure to tribal energy development. We also study the effects of energy taxes, subsidies, and other regulations, in which political whims often trump economic and environmental viability.
A key theme of PERC’s research is that where property rights to energy and environmental resources are well defined and enforced, individuals face the full costs of their actions and take into account the trade-offs between development and preservation. When rights are well defined, markets can effectively resolve conflicts over energy development and environmental protection. As the energy landscape evolves, PERC’s research continues to examine how innovations affects property rights at different levels of the energy sector.