New Economic Models of Energy Innovation and Transition

New Economic Models of Energy Innovation and Transition

A Webinar hosted by George Gray Molina, featuring Peter Barbrook-Johnson

On behalf of the Inclusive Growth and Strategic Innovation Unit, we would like to invite you to a conversation with the Economics of Energy Innovation and System Transitions (EEIST) team who works with governments across the world to radically change the way they do their modelling and planning – bringing systems perspective and complexity to bear on policy making choices and options when navigating large scale transitions. 
 
Through 15 case studies looking at sectors ranging from power, heating, zero emission vehicle adoption, carbon pricing and labor market implications of green transitions, the EEIST project challenges the more traditional economic modelling theories premised on equilibrium, efficient allocation of resources, marginal change, and cost-benefit analysis. Instead, they show that cases where leapfrogging and radically fast adaptation of green technologies took place it did despite not become of predominant economic analysis and advice.
 
Their work points to a need for a new generation of economic models necessary to inform just energy transition trajectories and provide multiple options for policy makers to engage and drive cost effective decarbonization. This discussion builds on last year's webinar with the EEIST team to improve our understanding and expertise around new economic models for transformation.

Learning Objectives:

🔍 Explore case studies showcasing innovative policy approaches to green transitions in sectors like power, heating, zero-emission vehicles, carbon pricing, and labor markets.
🚀 Learn how EEIST's groundbreaking research is informing energy and climate policy analysis in China, India, Brazil, the EU, and UK, and challenging traditional economic theories.
💡 Understand the importance of a new generation of economic models, offering policy makers multiple options to drive cost-effective decarbonization and a just energy transition.
🌱 Discover how you can apply these cutting-edge methods to your work and contribute to transforming key systems for a greener future.

📅  Friday, 2 June 2023

8:00-9:00 AM New York | 3:00-4:00 PM Addis Ababa/Amman/Istanbul | 7:00-8:00 Bangkok

Register here

Watch Recording-

🎥 The session will be recorded and uploaded to the Poverty & Inequality Community's and UNDP Innovation YouTube channels.

AGENDA AND SPEAKERS

Introduction to EEIST and the new modelling report: Pete Barbrook-Johnson (Oxford)

New economic modelling case studies presented by Pete Barbrook-Johnson, with individual studies authored by:

• Modelling labour market impacts of the transition: Study by Fernanda Senra de Moura (Oxford)
• Economic Impacts of Net Zero in India by 2070: Study by Michael McGovern (Cambridge Econometrics)
• Effective carbon pricing: Study by Simon Sharpe (World Resources Institute)

How to start using these methods: Pete Barbrook-Johnson (Oxford)

Discussion chaired by George Gray Molina (UNDP)

^{This event is brought to you by the Inclusive Growth Team and the Strategic Innovation Unit in collaboration with the UNDP Communities of Practices on Poverty & Inequality and Integration.}

<sup>Join the Poverty & Inequality CoP and Integration CoP if you would like to be invited to future events.

If you have questions about this event, please contact the Poverty & Inequality Community Manager  Davide Piga.</sup>