Brian Murray, director of the Environmental Economics Program at Duke University’s Nicholas Institute for Environmental Policy Solutions and interim director of the Duke University Energy Initiative, is widely recognized for his work on the economics of climate change policy. This includes the design of cap-and-trade policy elements to address cost containment and inclusion of offsets from traditionally uncapped sectors such as agriculture and forestry. Murray is among the original designers of the allowance price reserve approach for containing prices in carbon markets that was adopted by California and the Regional Greenhouse Gas Initiative (RGGI) cap-and-trade programs. Throughout his 21-year research career, he has produced many peer-reviewed publications on topics ranging from the design of market-based environmental policies and the effectiveness of renewable energy subsidies to the evaluation of programs to protect natural habitats such as forests, coastal and marine ecosystems.
He holds both a doctoral and master's degree in resource economics and policy from Duke University and a bachelor's degree in economics and finance from the University of Delaware.