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 Oct 29, 2019

Relinquishing Riches: Auctions vs Informal Negotiations in Texas Oil and Gas Leasing

Thomas Covert, Richard L. Sweeney
Topics:  Energy & Environment
BFI Working Paper Sep 9, 2019

Panel Data and Experimental Design

Fiona Burlig, Louis Preonas, Matt Woerman
Topics:  Energy & Environment
BFI Working Paper Aug 19, 2019

Output and Attribute-Based Carbon Regulation Under Uncertainty

Ryan Kellogg
Topics:  Energy & Environment

Associated News

Media Mention Mar 24, 2020

America’s Electricity is Safe From the Coronavirus—for Now

Wired; Steve Cicala
Topics:  Energy & Environment, COVID-19
Media Mention Mar 18, 2020

US Power Use Weakening After Plunging in Italy Amid Coronavirus

Wall Street Journal; Steve Cicala
Topics:  Energy & Environment, COVID-19
Media Mention Dec 27, 2019

Rise In Climate-Related Deaths Will Surpass All Infectious Diseases, Economist Testifies

Forbes; Michael Greenstone
Topics:  Energy & Environment