News & Events

Energy Economics Weekly Briefings

Energy Economics Weekly Briefings, by Senior Economist Dr. Ellen Hughes-Cromwick, will feature an economist’s look at the national transportation, energy, economic, and environmental landscape.

Hughes-Cromwick recently completed an appointment as Chief Economist of the U.S. Department of Commerce during the Obama Administration. At the Department of Commerce, Hughes-Cromwick worked on several administration initiatives to improve data quality, measure the digital economy, and expand manufacturing, trade and investment.  She assisted Commerce Secretary Penny Pritzker on global macroeconomic matters in support of her commercial diplomacy, trade, and foreign direct investment initiatives. Hughes-Cromwick also supported the development of the Obama Administration’s economic forecast.

Prior to joining the U.S. Department of Commerce, Hughes-Cromwick was chief global economist at Ford Motor Company and an Adjunct Professor at U-M’s Ross School of Business. She led Ford’s global corporate economics group with major responsibility for the Company’s global economic, financial, and automotive industry forecasts used to support business strategy, finance, and planning.

  • 07/12/19

    New Study Pegs Economic Losses From Climate Change at $69 Trillion

    Written by: Ellen Hughes-Cromwick

    Many studies of climate change impacts on the global economy emphasize the significant uncertainty it presents to the growth and prosperity of the people on this planet. Economists have worked diligently to examine risks and uncertainty. What may be surprising to noneconomists is that most studies on the topic find…

  • 06/06/19

    Looking Back: How Lobbying Impacted U.S. Climate Legislation

    Written by: Katie Parrish

    As presidential campaigns and our climate heat up, many candidates are thinking through their legislative approach to the principles laid out in the Green New Deal. Several presidential candidates have recently rolled out climate plans, including this week’s announcements from Senator Warren and former Vice President Biden. A forthcoming Weekly…

  • 05/31/19

    2030 Global Electrified Vehicle Outlook

    Written by: Ellen Hughes-Cromwick

    Electrified vehicle (plug-in electric and battery electric) sales continue to grow at a rapid rate. In the U.S., EV sales hit 361,000, up 81% from the prior year. Global EV sales were over 2 million units last year, with nearly one-half of this in China. Last week, the International Energy…

  • 05/24/19

    You Are What You Measure: Business Growth in Canada’s Clean Energy Sector

    Written by: Ellen Hughes-Cromwick

    Recently I co-authored an article which appeared in the Journal of Economic Perspectives entitled, “The Value of U.S. Government Data to U.S. Business Decisions.” One of the key points in the article was that firms use low-cost U.S. government data to help them optimize business decisions and to help them…

  • 04/12/19

    EV Tax Credits Are a Go But CAFE Past The Sell By Date

    Written by: Ellen Hughes-Cromwick

    Climate change is real and it is vital that we embrace solutions which mitigate its severe consequences on human activity.  Evidence based policy making would be ideal.  A commission with clout could break the gridlock.  This past week at the University of Michigan, partnering with Third Way, a group of…

  • 03/20/19

    2019 U.S. Energy Employment Report: “New Energy” Jobs Growing Faster Than National Average

    Written by: Ellen Hughes-Cromwick

    The National Association of State Energy Officials (NASEO) and Energy Futures Initiative (EFI) just released the 2019 U.S. Energy & Employment Report (USEER).   The report include five sectors of the U.S. economy that have energy-related activity: Fuels Electric Power Generation (EPG) Transmission, Distribution and Storage (TDS) Energy Efficiency Motor Vehicles…

  • 03/11/19

    Crude Oil Storage In China: Implications for Growth

    Written by: Ellen Hughes-Cromwick

    Orbital Insight uses satellite images of crude oil storage tanks worldwide to estimate volumes on a daily basis. Using these daily data may help to gain insight on whether this is a leading economic indicator for economic activity. There is ample reason to suspect that these data may provide advance…

  • 02/20/19

    Are There Any Economics In the Green New Deal?

    Written by: Ellen Hughes-Cromwick

    On February 7, 2019, Representative Alexandria Ocasio-Cortez and Senator Ed Markey issued a resolution “Recognizing the duty of the Federal government to create a Green New Deal.”  This document provides a series of goals and outcomes that are intended to achieve a reduction in greenhouse gas (GHG) emissions to near zero…

  • 01/18/19

    Economists’ Letter In Support of Carbon Tax

    Written by: Ellen Hughes-Cromwick

    On Wednesday, January 16, 2019, many famous economists signed a letter to the Wall Street Journal in support of a carbon tax.  To be sure, many proposals have been made in the past, to no avail here in the U.S.  If you want a concise look at the political economy…

  • 01/09/19

    Green Bonds Could Finance Transition Toward Electrified Vehicles

    Written by: Ellen Hughes-Cromwick

    As the cost of battery technology to power electrified vehicles (EVs) comes down to competitive levels, there will be an important opportunity to invest in commercial businesses in many mobility sectors.  Already, the case for investment is very clear and pronounced.  Lithium-ion battery pack costs for EVs have been declining,…