Data and Code for: The Economics of the Global Energy Challenge

This lecture argues that, rather than facing an isolated climatechange challenge, the world must confront the Global EnergyChallenge (GEC) that requires all countries to make trade-offsbetween three often competing and interrelated goals: inexpensiveand reliable energy, clean air, and limiting damages fromclimate change. I present seven facts that help illuminate the contoursof the GEC and the interactions between the three goals.Finally, it concludes by outlining potential solutions: pricing energyat its full social cost, investing in technical and policy innovation,improving information on pollution and climate damages,and treating energy as a private good.