Energy and Economy Chapter 6 Kurt Yeager GEA West Coast Launch – Stanford 21 May 2013

Lead Authors Felix Dayo Brian Fisher Roger Fouquet Asmeron Gilau Hans-Holger Rogner Contributing Authors Marianne Haug Richard Hosier Alan Miller Subine Schnitteger 2

© GEA Chapter 6, #3 Regional Disparities in Income and Energy Use per Capita in 2005 Energy and Economy

© GEA Chapter 6, #4 Capital-Energy Substitution Frontier Energy and Economy

© GEA Chapter 6, #5 Primary Energy Use per Capita versus GDP per Capita Energy and Economy

© GEA Chapter 6, #6 Annual Growth Rates of Indicators for Primary Energy Demand Energy and Economy

© GEA Chapter 6, #7 Primary Energy Intensities Across Regions in 2005 Energy and Economy

© GEA Chapter 6, #8 SME Contribution to Employment and GDP Energy and Economy

© GEA Chapter 6, #9 Average External Costs for the European Union Energy and Economy

© GEA Chapter 6, #10 The Role of Backstop Technologies in Capping Resource Prices Energy and Economy

© GEA Chapter 6, #11 Short and Long-Term Demand/Supply Responses to a Price Increase Due to a Loss of Supply Capacity Energy and Economy

© GEA Chapter 6, #12 Declining Investments in the US Electricity Sector Energy and Economy

© GEA Chapter 6, #13 Energy and Financing FINANCING Energy Investment Constraints Financial Sources & Mechanisms TECHNICAL INNOVATION The Role of Entrepreneurial Innovators

© GEA Chapter 6, #14 Conclusions Energy is an essential prerequisite for economic development Energy is crucial for achieving a more equitable and sustainable world Energy technology has expanded dramatically but it is not yet being adequatelyimplemented commercially Electricity is the essential key to energy access and innovation Energy transitions require robust public policy and institutional frameworks