ENERGY DEMAND IN THE DEVELOPING WORLD LECTURE

April 17, 2012

WHAT:         
The Georgetown Center for Business and Public Policy at Georgetown University’s McDonough School of Business will host Catherine Wolfram, associate professor and co-director of the Energy Institute at the University of California Berkeley’s Haas School of Business, to discuss her research on the growing demand for energy in the developing world.

WHEN:         
Thursday, April 19, 12:30 p.m.
Lunch will be served.

WHERE:       
Georgetown University McDonough School of Business
Rafik B. Hariri Building, Room 415
37th & O Streets, NW
Washington, DC

RSVP:  http://cbppbeppseminarenergy.eventbrite.com

Media who are interested in covering the event should contact Teresa Mannix, director of media relations, at (202) 687-4080 or tmm53@georgetown.edu.

PROGRAM:
Most of the medium-run growth in energy demand is forecast to come from the developing world, which consumed more total units of energy than the developed world in 2007. Wolfram’s research argues that the main driver of the growth is likely to be increased incomes among the poor and near-poor. She and her co-authors document that as households come out of poverty and join the middle class, they acquire appliances, such as refrigerators, and vehicles for the first time. These new goods require energy to use and energy to manufacture. The current forecasts for energy demand in the developing world may be understated because they do not accurately capture the dramatic increase in demand associated with poverty reduction. Read an abstract of the research here: http://www.nber.org/papers/w17747.

About the Georgetown Center for Business and Public Policy
The Georgetown Center for Business and Public Policy is an academic, non-partisan research center whose mission is to engage scholars, business people and policymakers in relevant inquiries and dialogue to impact key business, economic and public policy issues confronting American and international businesses today. Housed at Georgetown University's McDonough School of Business, the Georgetown Center was created in 2002 to encourage thoughtful discussion and to document and disseminate knowledge on a range of issues in the public interest.

About Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of Business is a premier business school located at the center of world politics and business in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. Founded in 1957, the business school today resides in the new Rafik B. Hariri Building, a state-of-the-art facility that blends the tradition of Georgetown University with forward-thinking functionality. For more information about Georgetown’s McDonough School of Business, visit http://msb.georgetown.edu.