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ECA Talk: Clean Growth with Costas Arkolakis

March 28, 2024
Washington, D.C. /Live streaming

One of the most remarkable developments of our time is the rapid technological progress in renewable energy technologies. The recent study "Clean Growth" by Costas Arkolakis and Conor Walsh provides an economic framework to analyze the regional and aggregate economic impact of the cost reductions in solar and wind across the world. The investigation centers on the role of learning-by-doing in renewable energy and storage technologies, subsidies in renewables, and investments in the electricity grid. The authors find that adaption of renewables is rapid but its welfare impact depends heavily on how countries rely on the production and consumption of fossil fuels, and transmission grid investment.


  • DATE: March 28, 2024
  • TIME: 10:00 AM EDT
  • CHAIR: Asad Alam, Regional Director for Equitable Growth, Finance and Institutions, Europe and Central Asia, at the World Bank
  • CONTACT: Office of the Chief Economist Office in Europe and Central Asia