Organizers: Aleksandra Friedl and Christian Traeger
Energy is one of the most crucial input factors into economic production. It plays a vital role in meeting individuals’ basic needs. At the same time, it plays an important and undervalued role for economic growth. Relying predominantly on fossil fuels, energy production is responsible for over 70% of current carbon emissions and, thus, current, and future climate change.
The Paris Agreement on greenhouse gas mitigation requires nations to drastically cut back on emissions and transition away from fossil fuel use. Never have nations been challenged to abandon such a crucial input to economic production and growth at such a rapid speed.
Transitioning away from fossil fuels to green energy causes many challenges for energy production and the electric grid. Yet, the sheer cost and required level of innovation as well as the costs of such a restructuring also challenges macroeconomic production and growth.
Program
You may find the full program on CESifo's site.
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