SmarterMarkets™ Summer Playlist 2025 Episode 2 | Michael Greenstone, Director, Energy Policy Institute at the University of Chicago (EPIC)
Jul 5, 2025
Michael Greenstone, Director of the Energy Policy Institute at the University of Chicago, discusses groundbreaking policies to combat climate change. He shares insights on establishing cap-and-trade systems for air pollution in India, emphasizing the importance of engaging local stakeholders. Greenstone highlights the challenges of translating academic research into real-world solutions while promoting sustainable economic growth. His reflections on historical cooperation offer a thought-provoking lens on today's climate crises and the need for collaborative action.
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Balancing Growth and Climate
- Maximizing human well-being requires balancing economic growth with climate risk management.
- Both affordable energy and climate goals are essential and must be integrated in society's approach.
Academic Communication Challenges
- Michael Greenstone realized academic research often fails to influence policy because of poor communication.
- His White House experience showed the importance of speaking the policymaker's language to make research impactful.
Communicate by Listening First
- To influence policymakers, first listen carefully rather than pushing your agenda.
- Understand their problems and then tailor your expertise to their needs comprehensibly.