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BC3 Seminar: Which fossil fuel prices promote innovation in electricity generation? Evidence before and after the shale gas revolution

October 16, 2019 @ 12:00 pm - 1:00 pm

BC3 Seminars
“Which fossil fuel prices promote innovation in electricity generation? Evidence before and after the shale gas revolution”

Associate Professor Itziar Lazkano

University of Wisconsin-Milwaukee


We evaluate the heterogeneous roles of fossil fuel prices on fossil fuel and renewable energy innovation in the electricity sector. Our analysis of a global firm-level electricity patent database from 1963 to 2016 suggests the relative impact of coal and natural gas prices on renewable innovation varies before and after the early 2000s’ shale gas revolution. Specifically, an increase in the coal-natural gas price ratio reduces renewable energy innovation before 2002, while increasing it after 2002. Therefore, policymakers must consider the coal-to-gas switch to effectively shift electricity-generating innovation away from carbon-intense technologies.

Personal webpage: www.itziarlazkano.com

About the Lecturer

I am an Associate Professor in the Department of Economics at the University of Wisconsin-Milwaukee. I received a PhD in Economics from the University of Calgary in 2011, a MPhil from the University of Portsmouth in 2005 and a BS in Economics and Econometrics from the University of the Basque Country in 2003. In 2012, my research received the FEEM award for the best paper by young economists by the European Economic Association.

I am interested in investigating the consequences of environmental and energy issues in macroeconomics. The broad goal of my research in environmental macroeconomics is to find solutions to reconcile economic growth and environmental concerns, which has important consequences for welfare and is critical from a policy perspective. In addition, I am interested in finding efficient solutions to other resource management problems.

My current research investigates technological change and its consequences for energy transitions and economic growth. Specifically, my research focuses on obtaining empirical estimates of a technological transition in the electricity sector using novel data. These estimates are important to understand technological change in electricity generation and to design policies to decarbonize the electricity sector.

Sede Building (Room Aketxe), Scientific Park of the University of the Basque Country, October 16 (2019), 12:00-13:00

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October 16, 2019
12:00 pm - 1:00 pm
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BC3-Basque Centre for Climate Change
Sede Building 1, 1st floor, Scientific Park of the University of the Basque Country
Leioa, Bizkaia 48940 Spain
+34 944 014 690