EPIC

Throughout history, access to energy has been critical for economic growth. This trend is expected to continue in the years to come—global energy demand is set to grow by almost 40 percent over the next two decades. All of this growth will occur in emerging economies, where 1.4 billion people currently lack access to reliable electricity, and nearly half of it will occur in China and India alone.

Yet for all of its benefits, today’s energy system comes with significant social costs. A changing climate is beginning to affect our lives in profound ways. High pollution levels are shortening lifespans, especially in emerging economies. And all of these impacts can hold back economic progress, often in areas where people are living on incomes that are too low.

This is the global energy challenge: How can we ensure that people around the world, today and in the future, have access to reliable, affordable energy needed for human development without putting our health, environment and climate at risk?

EPIC is confronting this challenge using a cross-cutting approach that links the University of Chicago’s renowned economists with leading thinkers in policy and law, business, big data, engineering and natural and physical sciences throughout the University and at partner institutes such as the Marine Biological Lab and Argonne National Lab. By leveraging these University partners and harnessing top talent with varied expertise, EPIC is tackling the world’s toughest energy problems. At the same time, the Institute is working directly with global leaders to help them make important decisions about our future, while also educating and mentoring the energy leaders of tomorrow.

Associated Working Papers

BFI Working Paper Sep 16, 2022

Choosing Who Chooses: Selection-Driven Targeting in Energy Rebate Programs

Takanori Ida, Takunori Ishihara, Koichiro Ito, Daido Kido, Toru Kitagawa, Shosei Sakaguchi, Shusaku Sasaki
Topics:  Energy & Environment
BFI Working Paper Jul 18, 2022

Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions

Severin Borenstein, Ryan Kellogg
Topics:  Energy & Environment
BFI Working Paper May 19, 2022

The Dynamic Impact of Market Integration: Evidence from Renewable Energy Expansion in Chile

Luis E. Gonzales, Koichiro Ito, Mar Reguant
Topics:  Energy & Environment

Associated Insights

Associated News

Media Mention May 19, 2022

Grid Expansion Boosts Renewables and Cuts Electricity Costs

Energy Policy Institute at the University of Chicago; Koichiro Ito
Topics:  Energy & Environment
Media Mention May 18, 2022

One in six killed by pollution worldwide, study finds

CNN; Energy Policy Institute at the University of Chicago
Topics:  Energy & Environment