36 min
Resources Radio Live: How COVID-19 Has Powered Down the US Economy, with Steve Cicala Resources Radio
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- Government
This is the first episode in an ongoing webinar series, which is providing Resources Radio listeners the chance to listen to a podcast recording live and ask guests their own questions about pressing energy issues.
In this episode, host Kristin Hayes talks with Professor Steve Cicala of the University of Chicago’s Harris School of Public Policy (soon to be moving to Tufts University’s Department of Economics). Expounding on research recently highlighted in the New York Times, in which he undertook one of the earliest looks at electricity demand during the peak of the pandemic lockdowns in the United States, Cicala details how electricity demand can serve as a valuable—if incomplete—tool to assess the health of the economy and the outlook for recovering from a recession. Cicala notes that the current crisis has shifted renewable penetration and affected energy consumption, but researchers remain uncertain about the duration of the pandemic and its long-term impacts on the electric grid.
References and recommendations:
"Another Way to See the Recession: Power Usage Is Way Down" by Quoctrung Bui and Justin Wolfers; https://www.nytimes.com/interactive/2020/04/08/upshot/electricity-usage-predict-coronavirus-recession.html
"Early Economic Impacts of COVID-19 in Europe: A View from the Grid" by Steve Cicala; https://home.uchicago.edu/~scicala/papers/real_time_EU/real_time_EU.pdf
"What Is Owed: It Is Time for Reparations" by Nikole Hannah-Jones; https://www.nytimes.com/interactive/2020/06/24/magazine/reparations-slavery.html
This is the first episode in an ongoing webinar series, which is providing Resources Radio listeners the chance to listen to a podcast recording live and ask guests their own questions about pressing energy issues.
In this episode, host Kristin Hayes talks with Professor Steve Cicala of the University of Chicago’s Harris School of Public Policy (soon to be moving to Tufts University’s Department of Economics). Expounding on research recently highlighted in the New York Times, in which he undertook one of the earliest looks at electricity demand during the peak of the pandemic lockdowns in the United States, Cicala details how electricity demand can serve as a valuable—if incomplete—tool to assess the health of the economy and the outlook for recovering from a recession. Cicala notes that the current crisis has shifted renewable penetration and affected energy consumption, but researchers remain uncertain about the duration of the pandemic and its long-term impacts on the electric grid.
References and recommendations:
"Another Way to See the Recession: Power Usage Is Way Down" by Quoctrung Bui and Justin Wolfers; https://www.nytimes.com/interactive/2020/04/08/upshot/electricity-usage-predict-coronavirus-recession.html
"Early Economic Impacts of COVID-19 in Europe: A View from the Grid" by Steve Cicala; https://home.uchicago.edu/~scicala/papers/real_time_EU/real_time_EU.pdf
"What Is Owed: It Is Time for Reparations" by Nikole Hannah-Jones; https://www.nytimes.com/interactive/2020/06/24/magazine/reparations-slavery.html
36 min