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HomeMIT 15.031J Energy Decisions, Markets, Policies, Spring 2012Lecture 5: Path Dependence in Energy Systems

Lecture 5: Path Dependence in Energy Systems

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Lecture 6: Climate Science and Policy

Description: This lecture focuses on path dependence and the obstacles discouraging changes in energy systems. Several examples of energy systems are given, including those unable to be changed as well as those that were changed in light of path dependence.

Instructor: Richard Schmalensee