Planetary Economics and the three domains of sustainable development
The energy sector globally has entered an era of radical transition. Driven by combinations of technological change and environmental concerns from the local to the global, the change is most obvious in the electricity sector but will spread far more widely. Government policy may help or hinder the transition, but the momentum including from pro-active businesses and social movements make it ultimately unstoppable. Drawing on Professor Grubb’s book ‘Planetary Economics: energy, climate change and the three domains of sustainable development’, this talk maps out the theory, sketches emerging experiences, and offers some initial lessons for a transition which – if handled well – can leave the 21st Century cleaner, smarter, and wealthier.
Michael Grubb is Professor of International Energy and Climate Change Policy at University College London (Institute of Sustainable Resources) and Senior Advisor to the UK Office of Gas and Electricity Markets (the Energy Regulator OFGEM). His former positions include Senior Research Associate in Economics at Cambridge University; Chair of the international research organization Climate Strategies; Chief Economist at the Carbon Trust; Professor at Imperial College London; and head of Energy and Environment at Chatham House. Professor Grubb has also served on the UK Climate Change Committee, established under the UK Climate Change Act to advise the government on future carbon budgets and to report to Parliament on their implementation. He is author of eight books, fifty journal research articles and numerous other publications. He has held many advisory positions with governments, companies and international studies on climate change and energy policy. His book Planetary Economics presents a new approach to both the theoretical underpinnings and the practical policies for tackling energy and climate change challenges.