THE ECONOMICS OF ENERGETICS

One of the key inputs needed for the national economy to be able to produce goods and services necessary for the survival of its citizens is energy. The discovery of various forms of energy, from fire to electricity and nuclear energy, up to renewable energy sources, were often crucial for the development of mankind, and for advancements in the ways society and its manufacturing processes are organized.

The economics of energetics thus represents a diverse branch of economics that studies topics related to energy offer and utilization within the economy. Our researchers analyze the economic and broader social impacts of investing in energy efficiency, as well as the financial viability of such investments. Other research interests include the evaluation of various types of public policies aimed at encouraging investments in renewable energy sources and increasing energy efficiency, as well as developing the methodology to evaluate economic and broader social advantages and disadvantages of promoting renewable energy sources. Our researchers also focus on modeling and assessing the degree of convergence in fossil fuel consumption and renewable energy sources, to enable the design of public policies that promote a sustainable and balanced proliferation of preferred energy sources.