Associate Professor, GSPIA and Department of Economics
The Global Energy Policy course applies tools from economics, science, and policy analysis to address energy issues. First, we systematically examine various energy sources in the US/EU/developing countries including oil, gas, nuclear, hydro, biofuels, solar and wind. Specifically, we explore methods to estimate the benefits and costs (economic, environmental, health, political) from various energy sources. We discuss how market forces, market failures, lobbying, and government policies influence the gaps between private and social costs of energy. Second, we examine incentive policies for the adoption of renewable energy (e.g., cap & trade, carbon tax, renewable portfolio standards, pull-push innovation policies), barriers to their adoption (infrastructure, storage, and intermittency), and overall benefits from restructuring towards a greener economy. Third, we address incentive policies to increase energy efficiency (e.g., fuel economy standards, rebates, LEED certification). Fourth, we examine the role of international trade, investment, technology transfer and climate policy in increasing energy efficiency and renewable energy worldwide. Fifth, we examine the geopolitics of energy sources (e.g. US, EU/Russia, China/Africa, Central Asia & Middle East). We discuss the growing recognition that investment in energy efficiency and renewable energy can mitigate national security concerns stemming from fossil fuel dependency.
Open to masters-level and doctoral students and senior undergraduates
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