The wholesale electricity market will continue to improve its efficiency and competitiveness to integrate renewables and DERs. Local competitive energy markets (or retail pricing) will provide cost-benefit tradeoffs to prosumers by creating opportunities to bid for competing services. Carbon pricing, policies to facilitate the transition away from coal mining and combustion, technology-forcing regulations to accelerate the development of new technology are examples of actions that can be taken to accelerate the decarbonization of the grid.
Larry Goulder, Lawrence H. Goulder is the Shuzo Nishihara Professor in Environmental and Resource Economics at Stanford University and Director of the Stanford Center for Environmental and Energy Policy Analysis. He is also a Senior Fellow at the Stanford Institute for Economic Policy Research and at Stanford's Precourt Institute for Energy; a Research Associate at the National Bureau of Economic Research; and a University Fellow of Resources for the Future.
Richard J. Green: Richard Green is a Professor of Sustainable Energy Business at Imperial College Business School. He was previously Professor of Energy Economics and Director of the Institute for Energy Research and Policy at the University of Birmingham, and Professor of Economics at the University of Hull. He started his career at the Department of Applied Economics and Fitzwilliam College, Cambridge. He has spent time on secondment to the Office of Electricity Regulation and has held visiting appointments at the World Bank, the University of California Energy Institute and MIT
Christopher Knittel: Christopher Knittel is the George P. Shultz Professor of Applied Economics in the Sloan School of Management at the Massachusetts Institute of Technology. He is also the Director of MIT’s Center for Energy and Environmental Policy Research which has served as the hub for social science research on energy and the environmental since the late 1970s. Professor Knittel also co-directs of The E2e Project, a research initiative between MIT and UC Berkeley to undertake rigorous evaluation of energy efficiency investments.
Stephen W. Pacala is the Frederick D. Petrie Professor of Ecology and Evolutionary Biology at Princeton University. He directs the Carbon Mitigation Initiative, an effort to develop solutions to the greenhouse-warming problem. Steve is also on the Board of the Environmental Defense Fund, and is a founder and Chairman of the Board of Climate Central, a nonprofit media organization focusing on climate change. He chaired the National Academy of Sciences Committee on Carbon Dioxide Removal and Sequestration report, which was released in 2018. He most recently chaired the NASEM “Accelerating Decarbonization of the U.S. Energy System” report, released in February 2021.
Moderator: Charlie Kolstad - Co-Director Bits & Watts Initiative, Professor and Sr. Fellow at Stanford Institute for Economic Policy Research (SIEPR) Stanford University