Energy Tradeoffs Podcast #20 – Carey King
Today’s EnergyTradeoffs.com podcast episode features David Spence interviewing Carey King, his colleague at the University of Texas, about Carey’s research on “Economic Growth, Inequality & Decarbonization.”
Carey and David discuss several ways that transitioning to cleaner energy sources will change the economy. In particular, Carey notes that “lower carbon infrastructure tends to be higher capital cost relative to operating cost, implying less labor and lower employment” and explains how this could affect economic growth and inequality.
NB: This increased emphasis on capital investment means that the cost of cleaner energy will increasingly depend on reducing the cost of capital, a challenging task in a time of legal uncertainty. I have recently published two pieces on this topic: “Energy Market and Policy Revolutions: Regulatory Process and the Cost of Capital” and “Pipelines & Power-Lines: Building the Energy Transport Future.”
The discussion builds on two of Carey’s recent articles: “Modeling the point of use EROI and its implications for economic growth in China” & “Delusions of grandeur in building a low-carbon future.”
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