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SUMMARY:The Long Run Demand for Energy Services and Energy Transitions - D
 r Roger Fouquet\, London School of Economics and Political Science
DTSTART:20181017T150000Z
DTEND:20181017T160000Z
UID:TALK111529@talks.cam.ac.uk
CONTACT:Ingrid Cizaite
DESCRIPTION:A better understanding of what drives energy services is essen
 tial because it drives the demand for energy and\, in the long run\, the r
 ole of efficiency (rather than energy price fluctuations) dominates the le
 vel of energy service prices. The paper presents evidence that income and 
 price elasticities (as well as rebound effects) vary with income levels\, 
 following an inverse U-shape as an economy develops. These led to dramatic
  increases in the net benefits to consumers associated with the transforma
 tions in society and lifestyles that mobility and illumination provided be
 tween 1850 and 1950\, and more recently for communication. Due to saturati
 on effects of the demand for certain energy services\, future technologica
 l developments and energy transitions may benefit consumers (though not ne
 cessarily society as a whole) less than those in the past.  \n\n \n\nRoger
  Fouquet is Associate Professorial Research Fellow at the Grantham Researc
 h Institute on Climate Change and the Environment at the London School of 
 Economics and Political Science (LSE). He investigates the changing relati
 onships between economic development\, energy use and its environmental im
 pacts\, with an emphasis on drawing lessons from economic history to provi
 de a long run perspective on energy and climate change issues. In 2006\, h
 is joint article was chosen for the Campbell Watkins Award for Best Paper 
 in The Energy Journal. In 2010\, his book\, 'Heat\, Power and Light'\, was
  selected by Choice Magazine as one of its Outstanding Academic Titles. He
  is the editor of the Handbook on Energy and Climate Change\, and the volu
 me of the International Library of Critical Writings on The Economics of R
 enewable Energy. 
LOCATION:Mill Lane Lecture Room 4
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