About the Authors: The European Union's Emissions Trading System in Perspective

Dr. A. Denny Ellerman

A leading energy economist, Dr. Ellerman is a Senior Lecturer with the Sloan School of Management at the Massachusetts Institute of Technology, where he previously served as the Executive Director of the Center for Energy and Environmental Policy Research and of the Joint Program on the Science and Policy of Global Change. Dr. Ellerman is internationally recognized as an authority on emissions trading, and his current research interests focus on the U.S. and European emissions trading programs and on environmental regulations. He is co-author of the Pew Center report, The European Union’s Emissions Trading System in Perspective, and he coauthored the well-respected text, Markets for Clean Air: The U.S. Acid Rain Program with MIT Sloan colleagues. Dr. Ellerman has also worked for Charles River Associates, the National Coal Association, the U.S. Department of Energy, and the U.S. Executive Office of the President, and he served as President of the International Association for Energy Economics in 1990.

Dr. Ellerman received his undergraduate education at Princeton University and his Ph.D. in Political Economy and Government from Harvard University. His current research interests focus on emissions trading, climate change policy, and the economics of fuel choice, especially concerning coal and natural gas.

Paul L. Joskow

Paul L. Joskow became President of the Alfred P. Sloan Foundation on January 1, 2008. He is presently on leave from his position as Elizabeth and James Killian Professor of Economics and Management at MIT. He received a BA from Cornell University in 1968 and a PhD in Economics from Yale University in 1972. Professor Joskow has been on the MIT faculty since 1972 and served as Head of the MIT Department of Economics from 1994 to 1998. He was Director of the MIT Center for Energy and Environmental Policy Research from 1999 through 2007. At MIT he has been engaged in teaching and research in the areas of industrial organization, energy and environmental economics, competition policy, and government regulation of industry for over 35 years. Dr. Joskow has published six books and over 125 articles and papers in these areas. He serves as a Director of Exelon Corporation, as a Director of TransCanada Corporation, and as a Trustee of the Putnam Mutual Funds. He is a member of the Board of Overseers of the Boston Symphony Orchestra. Dr. Joskow is a Fellow of the Econometric Society and the American Academy of Arts and Sciences and a Distinguished Fellow of the Industrial Organization Society.