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Guest Lecture: Professor Geoffrey Heal - The Emerging Energy Revolution

Page updated Feb 02, 2018

Event Details


Presentation material for Professor Geoffrey Heal's lecture presented at the Treasury.


Energy markets will change more in the next decade than they have in the last century. Three factors are driving this – the development of hydraulic fracturing, the plummeting prices of renewable energy and the rapidly falling costs of flare-scale energy storage. This talk will review these factors and talk about their implications for the future of energy generation and distribution.

About the presenter

Geoffrey Heal, Donald C. Waite III Professor of Social Enterprise at Columbia Business School, is noted for contributions to economic theory and resource and environmental economics. Author of eighteen books and about two hundred articles, Professor Heal is a Fellow of the Econometric Society, past Managing Editor of the Review of Economic Studies, Past President of the Association of Environmental and Resource Economists, recipient of its prize for publications of enduring quality and a Life Fellow, recipient of the 2013 Best Publication Prize of the European Association of Environmental and Resource Economists, a Director of the Union of Concerned Scientists and a founder and Director and chairman of the Board of the Coalition for Rainforest Nations (developers of the policy for reducing deforestation by awarding carbon credits for forest conservation). Recent books include Nature and the Marketplace, Valuing the Future, When Principles Pay and Endangered Economies: How the Neglect of Nature Threatens Our Prosperity.

Professor Heal chaired a committee of the National Academy of Sciences on valuing ecosystem services, was a Commissioner of the Pew Oceans Commission, was a coordinating lead author of the IPCC's Fifth Assessment Report, was a member of President Sarkozy's Commission on the Measurement of Economic Performance and Social Progress, was a member of the advisory board for the World Bank's 2010 World Development Report and the United Nations Environment Program's 2011 Human Development Report, and acts as an advisor to the World Bank on its Green Growth project.

He has been a principal in two start-up companies, a consulting firm and a software and telecommunications company, and until recently was a member of the Investment Committee of a green private equity group. He teaches MBA courses on "Current Developments in Energy Markets," "Business and Society: Doing Well by Doing Good?" and "The Business of Sustainability," teaches a doctoral course on advanced microeconomic theory, and advises doctoral students interested in sustainability.

Note: Papers, presentation slides and any other material provided by the Guest Lecturer will be made available some time after the lecture at Publications > Media & Speeches > Guest Lectures by Visiting Academics.