- The Global Energy and Growth Challenge: facts and directions for policyDate: Thursday 28 May 2015 Time: 6.30-8pm Venue: New Theatre, East Building Speaker: Professor Michael Greenstone Discussant: Lord Nicholas Stern Chair: Professor Robin Burgess Economic growth depends critically on access to reliable energy. However, in much of the world, access to energy remains low and supply is often unreliable.
28/5 @LSEEcon @The_IGC @GRI_LSE lecture on the global energy & growth challence by Michael Greenstone http://ln.is/www.lse.ac.uk/econom/DDt6O … #LSEGreenstone
The global energy & growth challenge: public lecture tomorrow with Prof Michael Greenstone http://www.lse.ac.uk/GranthamInstitute/event/public-lecture-the-global-energy-and-growth-challenge-facts-and-directions-for-policy/ … @The_IGC #LSEGreenstone
The energy challenge: http://theigc.org/?p=10494 . Michael Greenstone starting his lecture on facts & directions for energy policy #LSEGreenstone- Greenstone: energy is at the centre of growth & rising living standards, but is causing pollution that damages well-being #LSEGreenstone
- Fact 1 about energy & growth - energy is critical to growth. Clear correlation between energy access & GDP per person #LSEGreenstone
- Fact 2: Energy access is a problem for communities across the planet. US uses 13,000KWh per capita, India 684, Ghana just 344 #LSEGreenstone
- Fact 4: Fossil fuels are inexpensive & abundant. Clean energy can cost 3x as much as fossil fuel energy #LSEGreenstone
- Greenstone: Shale formations are all over the world. Leaving them alone is like leaving money under the ground #LSEGreenstone
- Greenstone: #Fracking is a game changer for energy & growth. Very reliable way to recover fossil fuels #LSEGreenstone
- Fact 5: Energy pollution damages life & health across the world #LSEGreenstone
- Fact 6: Energy access causes #ClimateChange. This damages farming yields & leads to lower mortality. #LSEGreenstone
- Using all fossil fuel reserves will cause a 2.8°F global temperature increase, all oil & gas 3.1°, all coal resources: 8.1° #LSEGreenstone
- Fact 7: Energy is mispriced serverely across the world. #LSEGreenstone
- Greenstone: Energy mispricing favours fossil fuels. #LSEGreenstone
- Critical research area: how can we make energy be seen as a private good? Rather than a public right #LSEGreenstone
- Critical research area: rural electrification - how can we bring electricity to rural communities across the world? #LSEGreenstone
- Lord Stern: Pollution that you see & pollution that you breathe are different. Unseen pollution is very damaging to health #LSEGreenstone.
- Lord Stern: Pollution is causing 15x more deaths in the UK than road deaths. #LSEGreenstone
Michael Greenstone: "There is a hunger to go from high-level policy recommendations to practical solutions" #LSEGreenstone @The_IGC- Lord Nicholas Stern: "There is no volatility in the price of sunshine" #lsegreenstone #renewableenergy @GRI_LSE @TheNickStern @IRENA
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