Energy Efficiency and Renewables:
Market and Behavioral Failures

Thursday, January 28, 2010, Noon
Building 50 Auditorium
Lawrence Berkeley National Laboratory

YouTube Video

Policies to promote renewable energy and energy efficiency have been gaining momentum throughout the world, often justified by environmental and energy security concerns. This presentation first talks about energy efficiency options, then delves into the economic motivation for energy efficiency and renewable energy policies by articulating the classes of relevant behavioral failures and market failures. Such behavioral and market failures may vary intertemporally or atemporally; the temporal structure and the extent of the failures are the critical considerations in the development of energy policies. The talk will discuss key policy instruments and assess the extent to which they are well-suited to correct for failures with different structures.

Jim Sweeney

Jim Sweeney

Director of the Precourt Institute for Energy Efficiency
Stanford University

James (Jim) Sweeney, is Director of the Precourt Institute for Energy Efficiency at Stanford University; Professor of Management Science and Engineering; Senior Fellow of the Stanford Institute for Economic Policy Research; Senior Fellow of the Hoover Institution on War, Revolution and Peace; and Senior Fellow of the Stanford Institute for International Studies. His professional activities focus on economic policy and analysis, particularly in energy, natural resources, and the environment.

He has focused his activities on the application of economics methods and mathematical modeling, particularly to natural resource issues, energy economics, environmental economics, competitive analysis, and policy analysis. He has conducted theoretical research on depletable and renewable resource use, environmental economics, gasoline market dynamics, energy tariff policy, and housing market dynamics. He has conducted empirical research on energy demand, electricity demand and financial forecasting, and geothermal energy market behavior.

At Stanford, he has served as the Director of the Energy Modeling Forum for seven years, the Chairman of the Institute for Energy Studies, and the Director of the Center for Economic Policy Research (now named the Stanford Institute for Economic Policy Research). He has served as coeditor of the Journal of Resource and Energy Economics and serves on the editorial board of The Energy Journal.