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. At the same time, the world’s energy choices are leading to levels of pollution that are substantially shortening people’s lives and causing climate change. The energy and growth challenge requires identifying solutions to these problems of access to inexpensive and reliable energy, while limiting environmental damage and guarding against disruptive climate change. In this Friedman Forum talk, Michael Greenstone explores key energy trends and outlines both the market and technology forces at play to meet this challenge.
Insights / Research Brief•Oct 03, 2023
Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure
Joshua Dean, Susanna B. Berkouwer
Improved cookstoves reduce exposure to peak cooking emissions by 42%, though impacts on overall pollution exposure are muted by high ambient pollution. The reduction in peak emissions reduces self-reported respiratory symptoms but does not improve more quantitative diagnoses such as blood pressure or blood oxygen.
Topics: Development Economics, Energy & Environment, Health care
Insights / Podcast episode•Sep 19, 2023
How Much Would it Cost to Save the Rainforest?
Tess Vigeland, Lars Peter Hansen
As a massive carbon sink, the Brazilian Amazon plays a crucial role in stabilizing the...
Topics: Energy & Environment
Insights / Research Brief•Jul 06, 2023
Carbon Prices and Forest preservation Over Space and Time in the Brazilian Amazon
Juliano J. Assunção, Lars Peter Hansen, Todd Munson, José A. Scheinkman
With modest transfers per ton of net CO2, Brazil would find it optimal to choose policies that produce substantial capture of greenhouse gasses in the next 30 years, suggesting that the management of tropical forests could play an important role on climate change mitigation in the near future.
Topics: Energy & Environment, Financial Markets