Limits to Market Governance of Energy in Societal Transitions

This lecture explores the limitations of market governance in societal transitions related to energy supply and economics. The instructor discusses the challenges of using markets as an energy allocation mechanism, the characteristics of market failures, and the fundamental limitations of markets in regulating energy use. The lecture also covers the theory of human needs, the matrix of needs and satisfiers, and the sufficiency in the Swiss habitat. Additionally, it delves into the global energy crisis, the theory of human need by Doyal & Gough, and the impact of fossil fuels on mortality and health. The presentation emphasizes the importance of transitioning to clean energy sources to mitigate the adverse effects of fossil fuel combustion.