Alice Favero


Member Of:
  • School of Public Policy
  • Climate and Energy Policy Laboratory
Office Location:
DM Smith 318
Related Links:

Alice Favero is an environmental economist. She teaches and conducts research in the areas of environmental policy and economics and climate change policy and economics.

Since 2014, she has been a Visiting Assistant Professor and Lecturer at the School of Public Policy where she teaches Environmental Policy and Climate Change policy. From May 2011 to April 2013, she was a Visiting Research Assistant at the Yale School of Forestry and Environmental Studies. She has a Ph.D. in Science and Management of Climate Change from the Economics Department of Ca’ Foscari University, Venice, Italy.

Her research focuses on the use of economic models to study how the optimal technology mix and the optimal use of land are affected by climate mitigation policies and by climate change. She has published her work in the Journal of the Association of Environmental and Resource Economists (“Using Markets for Woody Biomass Energy to Sequester Carbon in Forests”), in Resource and Energy Economics (“Trade of woody biomass for electricity generation under climate mitigation policy”), and in Energy Economics (“Investments and Public Finance in a Green, Low Carbon Economy”). 

  • Ph.D. in Science and Management of Climate Change, Department of Economics, Ca’ Foscari University, Venice, Italy, 2009-2013.
  • Visiting Research Assistant, Yale School of Forestry and Environmental Studies, New Haven, CT, USA, 2011-2013.
  • M.Sc. Economics and Finance, Ca’ Foscari University, Venice, Italy, 2005-2007.
  • Visiting Student, Harvard Summer School, Cambridge, MA, USA, 2006.
  • B.A. Economics and Finance, Ca’ Foscari University, Venice, Italy, 2001-2004.
Awards and
  • Distinguished Teaching Award, Ivan Allen College, Georgia Tech, $1,000, 2017.
  • Honors Program Professor, Georgia Tech, $2,000 (2017), $1,250 (2016).
  • Food‐Energy‐Water Fellowship, Center for Serve‐Learn‐Sustain, Georgia Tech, $1,000, 2016.
  • FEEM Research Paper Award, $550, 2014.
  • Ph.D. Fellowship, European Social Fund, Veneto Region, Italy, $40,000, 2009‐2012.
Areas of
  • Environmental Economics, Energy Economics, Forestry Economics, Economics Of Climate Change.
Research Fields:
  • Energy, Climate and Environmental Policy
  • PUBP-3315: Environ Policy& Politics
  • PUBP-3320: Climate Policy
  • PUBP-8813: Special Topics
Recent Publications

Journal Articles

Working Papers

  • The Economics of Four Virginia Biomass Plants

    March 2018

    Global electricity generated from biomass more than tripled between 2000 and 2016, and it is forecast to grow at an increasing pace through the year 2040. Electricity generation from biomass is also expanding in the United States, particularly in the Southeast. Given the continued growth and policy support for biomass electricity generation, this paper assesses the economics of four Virginia biomass plants, three converted from coal plants in 2012 and one purchased and expanded in 2004. The goal is to estimate the levelized cost of electricity (LCOE) generated from the plants as a metric of their level of competitiveness with respect to alternative ways of meeting electricity demand in the region. The LCOE of the four plants range from $93 to $143/MWh, about 40-53% more expensive than new solar and wind today. Even with the inclusion of federal subsidies and environmental credits, Dominion’s biomass conversions are not competitive with several other established sources of electricity and affordable energy-efficiency options. Overall, our analysis underscores the risks associated with investing in large, long-lived generation assets at a time when technologies and markets are rapidly evolving.