Mary Nichols, Chairman, California Air Resources Board
Monday, May 18, 2015 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
Mary D. Nichols is Chairman of the California Air Resources Board, a post she has held since 2007.
Nichols has devoted her entire career in public and nonprofit service to advocating for the environment and public health. In addition to her work at the Air Board, she has served as Assistant Administrator for the U.S. Environmental Protection Agency's Air and Radiation program under President Clinton, Secretary for California's Resources Agency from 1999 to 2003 and Director of the Institute of the Environment at the University of California, Los Angeles.
Impacts of Gas on Global Economics and Climate/Pollution Impacts, Natural Gas mini-series three of three
Frank Wolak, Director, Program on Energy and Sustainable Development, Professor, Economics
Mark C. Thurber, Associate Director for Research
Monday, May 11, 2015 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
Bill Ritter, former Colorado Governor; Founder and Director of the Center for the New Energy Economy (CNEE), Colorado State University.
Monday, December 1, 2014 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
Today, 220 million Americans live in a state with a Renewable Portfolio Standard and 240 million live in states with a plan to reduce greenhouse gas emissions. When taken in aggregate, the population of those states with commitments to reduce greenhouse gas emissions would be the fifth largest country in the world. Despite the fact that climate is a global issue, states are really leading the U.S. forward. Governor Ritter will discuss the Colorado New Energy Economy story and examples of other states that have led the energy revolution.
Mark Jacobsen, professor, University of California, San Diego, research associate, National Bureau of Economic Research
Monday, November 17, 2014 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
The U.S. corporate average fuel economy (CAFE) standards place requirements on the efficiency of new vehicles sold and are a cornerstone of U.S. efforts to reduce gasoline use. They are currently slated for a sharp increase in stringency, nearly doubling the average fuel economy of new vehicles by 2025. I will present results from a set of three projects examining the economics behind these rules: First, I measure the overall costs of CAFE policy using detailed data on demand for new vehicles and a model of producer behavior. Second, I address the intertwined questions of vehicle size and accident safety in the context of CAFE. Finally, I will present results from a current working paper that measures the effects of CAFE on used vehicle scrappage.
Stefan Heck, consulting professor, Precourt Institute for Energy
Monday, October 27, 2014 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
The prophets of doom are wrong. They believe the rapid rise over the next two decades of a new 2.5-billion-person urban middle class—and the unprecedented demand this growth will generate for oil, gas, steel, land, food, water, cement, clean air, and other commodities—must inevitably spur a global economic and environmental crisis. This talk takes that challenge seriously—but comes to exactly the opposite conclusion.
Instead, I will make the case that we are on the cusp of a new industrial revolution, the Resource Revolution, and that that same order of magnitude change we saw in labor productivity is possible for resources. We can meet soaring demand in a sustainable way by transforming how companies and societies prosper represents nothing less than the biggest business opportunity in one hundred years. The combination of information technology, nanoscale materials, and biotech with traditional industrial technology can unleash a step-change in resource productivity and generate enormous new profit pools. However, capturing these business opportunities—and avoiding the disruption they bring—will require an entirely new approach to management.
Bob Litterman, Chairman of the Risk Committee and a founding partner, Kepos Capital LP
Monday, October 13, 2014 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
The appropriate time path for emissions prices, which economists call the "Social Cost of Carbon," should be thought of as the solution to an optimal control problem. The price of carbon is the brake that society uses to accelerate or decelerate the rate of usage of the atmosphere's unknown capacity to safely absorb emissions. Right now the incentive to reduce emissions is strongly negative, i.e. governments around the world heavily subsidize the creation of emissions. Potential climate-risk tail events, together with societal risk aversion (which is best observed in the equity risk premium) and expectations of technological change determine the appropriate time path for emissions prices. Societal understanding of this issue is at a tipping point. As expectations of incentives being created sooner and higher increase, the valuations of stranded assets, such as coal and coal fired power plants will decline. But understanding how forward expectations of carbon emission prices drive current valuations is complex. It is also important to understand that it is not the act of pricing emissions that destroys the value of these assets – it is the economic externality that has already destroyed their value. What the recognition of that externality will do is to reduce their current false valuations. Exxon and Shell have, in their public discussion of stranded assets, shown that they do not understand this issue. Paraphrasing Upton Sinclair, “It is difficult to get a company to understand something, when the valuation of its assets depends on it not understanding it.”
Sharareh Tavafrashti, Principal Engineer, San Francisco County Transportation Authority
Elkin Bello, Program Manager, Institute for Transportation and Development Policy
Monday, April 7, 2014 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
|Shari Tavafrashti||Elkin Bello|
As the cost of providing space and energy for personal transportation options have increased both on the capital side as well as its energy footprint and consequences, mass transportation is gaining priority for developing and developed countries. In this presentation, we will provide a few examples of the successful and not so successful implementations for the bus rapid transit system around the world. The lecture will compare key features of various BRT projects around the world and attempt to address their impact on sustainable development and transportation solutions in each environment.
Anshuman Sahoo, Ph.D. Candidate, Department of Management Science & Engineering at Stanford
Monday, February 24, 2014 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
This talk examines the economics of solar photovoltaic power both from the perspective of investors in solar installations and from the perspective of solar panel manufacturers. For investors, the key consideration is the cost competitiveness of solar PV relative to other electricity sources. The model calculations I present focus on commercial – and utility scale installations, highlighting the importance of geographic location and the role of federal tax subsidies.
To project the economics of solar PV in coming years, I will summarize some recent work that examines changes in the manufacturing costs of solar panel manufacturers. These findings suggest that the dramatic reductions in module prices over the past few years are partly attributable to cost reductions, but also to massive additions of manufacturing capacity that arguably left the industry with excess capacity. The talk will present a methodology for quantifying the magnitude of these two effects in order to make predictions about the future price trajectory of solar panels and, by implication, the competitiveness of solar power.
Ted Hesser, Independent Consultant
Monday, September 30, 2013 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
Poverty and profit tend not to mix. Yet, the alleviation of the former is creating a tremendous opportunity for the latter. Close to one billion people have risen above the poverty line over the past twenty years, entering the global consumer marketplace. The trend is anticipated to continue – potentially liberating the remaining one billion people from poverty over the next two decades. For investors, the implication is the emergence of the largest new market for global goods and services. An estimated three billion people now earn between $2 and $10 a day. Selling basic services to this market through micropayment schemes may enable technology access, development gains, environmental benefits, and profit opportunities that were unimaginable prior to mobile banking. Pay-as-you-go (PAYG) solar may become the largest opportunity in energy services, and business models positioned at the confluence of declining component costs, rising mobile money usage, and low cost financing are poised for explosive growth over the coming years. Efficient product distribution and working capital financing are the primary impediments to scale. Neither raw demand nor market size is a concern. Rural villagers can save money today and dramatically improve their quality of life as customers of PAYG solar. There are multiple companies successfully selling low cost solar power systems and services to homes and small shops across the developing world through multiple business models. These business models and their execution will determine the spoils of this enormous market opportunity.
Charles Kolstad, Stanford Institute for Economic Policy Research and the Precourt Institute for Energy, Stanford University
Monday, April 8, 2013 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
The threat of climate change has profound implications for the evolution of the world’s energy system over the coming decades. More than many environmental problems, uncertainty is a central characteristic of the problem – uncertainty regarding the physical science of climate but also uncertainty regarding the impacts, technologies (for mitigation, adaptation and geoengineering), costs, and human preferences.
The problem is larger than simple uncertainty. Some uncertainty is objective and fits into a probabilistic paradigm; other uncertainty is much more vague, with unknown probabilities (such as the likelihood of inventing a cheap way of storing electricity by 2020). Furthermore, uncertainty changes over time, either simply by acquiring more experience or through proactive measures to increase knowledge (eg, R&D). And further, some uncertainty is managed automatically by individuals and organizations seeking to reduce risk exposure (eg, with flood insurance). The bottom line is how to manage the risks of climate change in this complex and evolving environment? Insurance, financial markets, individual action and public policy can and should work in tandem to deal with this uncertainty. This talk provides a perspective on managing risk associated with climate change.