As U.S. and world energy challenges mount, public and political discussions frequently demonstrate disturbing misunderstandings of both the problems and the potential solutions. Three distinct problems — energy costs, geopolitical impacts of energy consumption, and the threat of extreme climate change — suggest different solutions that may not be well aligned with one another. Professor Borenstein will discuss the logic and fallacies behind existing and proposed public-policy responses. The energy challenges that the U.S. faces are serious, he argues, but by adhering to a few basic economic principles, the cost of meeting these challenges can be kept manageable.
Borenstein is E.T. Grether Professor of Business Economics and Public Policy at the Haas School of Business, director of the University of California Energy Institute, and a research associate of the National Bureau of Economic Research in Cambridge, MA. He is also an affiliated professor in the agricultural and resource economics department and the Energy and Resources Group at UC Berkeley. He received his B.A. from Berkeley in 1978 and Ph.D. from M.I.T. in 1983. His research focuses on business competition, strategy, and regulation.