Energy

The attached document contains April 2022 updates to our database on U.S. government investments in energy research, development, demonstration, and deployment (ERD3) through the Department of Energy.

Unilateralism and isolationism are making a comeback in the United States. Are Trump and his America First approach to the world a cause or a symptom? What are the ideological sources of the intimate connection between isolationism and the American experience? Will the COVID-19 pandemic undercut or deepen globalization? What impact will it have on U.S. grand strategy? The United States seems headed for an inevitable pullback of its global commitments. What should retrenchment look like? Can Americans find the middle ground between doing too much and doing too little?

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The authors examine the impact of the US Advanced Research Projects Agency-Energy (ARPA-E) on two outcomes for startup companies: innovation (measured by patenting activity) and business success (measured by venture capital funding raised, survival, and acquisition or initial public offering).

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.

Nobel Prize–winning economist Joseph Stiglitz, University Professor at Columbia University, shared his thoughts on carbon pricing, the post-pandemic economic recovery, and green economy transition during a virtual forum on September 8 sponsored by the Harvard Project on Climate Agreements, and hosted by Robert Stavins, A.J. Meyer Professor of Energy and Economic Development at Harvard Kennedy School.

Robert Stavins, the A.J. Meyer Professor of Energy and Economic Development and Director of the Harvard Environmental Economics Program speaks with Vicky Bailey, former commissioner of the Indiana Utility Regulatory Commission, former member of the Federal Energy Regulatory Commission, and former president and CEO of PSI Energy Inc. The discussion ranges from energy and climate change policy to social and economic justice.

For months, the coronavirus has crawled across the globe. One person at a time, it has passed through millions, reaching every corner of the earth. And it has not only infected people, but every aspect of our human cultures. Policymakers and the public sector face their biggest test in generations—some say ever—as lives and livelihoods hang in a terrible, delicate balance. Facing health crises, economic collapse, social and political disruption, we try to take stock of what the pandemic has done and will do. We asked Harvard Kennedy School faculty, in fields ranging from climate change to international development, from democracy to big power relations, to tell us how this epochal event has changed the world.

Richard Schmalensee, the Howard W. Johnson Professor of Management Emeritus and Dean Emeritus at the MIT Sloan School of Management, reflected on his many years working on environmental policy in public service and academia in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.”