This year’s Nobel Prize winners in economics were two economists from Stanford University. Robert Wilson and Paul Milgrom improved upon the auction theory and developed new modalities of auctions, thereby opening novel options to improve market efficiency and appropriate resource allocation. Robert Wilson was the first to create a framework for analyzing auctions in order … [Read more...] about Auctions: From the 2020 Nobel Prize for Economics to the Success of Renewables’ Investment
Governments around the world have launched economic recovery packages in response to the recession brought on by the COVID-19 pandemic. Two key themes feature prominently: investments in digitalization and green technologies. Both China and the EU have established reactivation plans supporting 5G telecommunications networks, big data and artificial intelligence. The EU has … [Read more...] about COVID-19 Precipitated the Age of Copper: Are Producing Countries Prepared to Supply the World and Capture Greater Value?
Among the different impacts of COVID-19 on the energy sector, we have seen a strong impact on prices around the world. For instance, the European power market has experienced record negative prices. The electricity prices depend on the market design and also on structural and conjunctural variables. Understanding how prices are reacting is important for a better understanding … [Read more...] about Electricity prices: the heterogeneous impact of COVID-19 on LAC markets
Since the pandemic started the Energy division has been monitoring the evolution of the electricity demand and comparing it to the regular patters that were consumed the last year. After implementing different measures of social distancing in different countries, electricity consumption has reduced to different degrees. Monitoring this evolution is important both at sectorial … [Read more...] about Energy Consumption, a Gaze to the Industrial Production Reduction
How can we encourage girls and women to be interested, study and work in science, technology and engineering? Throughout history, the fields of Science, Technology, Engineering and Mathematics (STEM) have been shaped by gender biases that exclude women and girls. The unequal access to education, technology and leadership positions have alienated countless brilliant … [Read more...] about The energy sector needs more talent and diversity!