Energy Governance: Markets and Human Needs

This lecture discusses the limitations of using markets as a mechanism for energy governance. It begins with a recap of sustainability frameworks and the importance of understanding planetary boundaries. The instructor emphasizes that while markets can play a role, they cannot be the primary tool for energy governance due to fundamental limitations. Key issues such as energy poverty, inefficiency, and the need for universal access are highlighted. The lecture also explores the concept of synergistic satisfiers, which prioritize energy use that contributes to human well-being. The instructor argues for a hybrid approach that combines market mechanisms with regulatory frameworks to ensure equitable energy distribution and environmental sustainability. The discussion includes the challenges of transitioning from fossil fuels to clean energy and the necessity of addressing market failures. The lecture concludes with a call for innovative solutions that integrate market principles with social and environmental considerations, aiming for a sustainable energy future that meets human needs without compromising ecological integrity.