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How Will Energy Demand Develop in the Developing World?
Thursday, April 19, 2012 at 12:30 PM (EDT)
The Georgetown Center for Business & Public Policy invites you to
featuring Catherine Wolfram, Associate Professor
Haas School of Business, University of California, Berkeley
Thursday, April 19th
Rafik B. Hariri Building
Lunch will be served.
Most of the medium-run growth in energy demand is forecast to come from the developing world, which consumed more total units of energy than the developed world in 2007. We argue that the main driver of the growth is likely to be increased incomes among the poor and near-poor. We document that as households come out of poverty and join the middle class, they acquire appliances, such as refrigerators, and vehicles for the first time. These new goods require energy to use and energy to manufacture. The current forecasts for energy demand in the developing world may be understated because they do not accurately capture the dramatic increase in demand associated with poverty reduction.
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Georgetown Center for Business & Public Policy
The Georgetown Center for Business and Public Policy is an academic, non-partisan research center whose mission is to engage scholars, business people and policymakers in relevant inquiries and dialogue to impact key business, economic and public policy issues confronting American and international businesses today. Housed at Georgetown University’s McDonough School of Business, the Georgetown Center was created in 2002 to encourage thoughtful discussion and to document and disseminate knowledge on a range of issues in the public interest.