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UCL ISR Seminar: The Low Carbon Economy by Jaakko Kooroshy, Executive Direc...
Wed 15 June 2016, 17:30 – 19:00 BST
'The Low Carbon Economy'
By Jaakko Kooroshy, Executive Director, GS SUSTAIN, Goldman Sachs
The talk explores how key low carbon technologies – solar PV, onshore wind, LEDs and electric vehicles – are reshaping competitive dynamics across global industries. While policy debates often centre on 2030 forecasts and 2050 targets, we expect the greatest market dislocations to occur between 2015 and 2025. Between 2015 and 2020, solar and wind will add more to global energy supply than US shale oil did between 2010 and 2015. By 2020, six in ten lightbulbs will be LEDs; and carmakers could sell 25 million hybrid & electric vehicles by 2025, 10x more than today. We estimate that these technologies will save >5 Gt of CO2 emissions per annum by 2025 and could help global emissions to peak earlier than expected around 2020.
About the speaker
Jaakko Kooroshy joined the Global Investment Research Division of Goldman Sachs as an Executive Director in 2014. His work in the GS SUSTAIN team focuses on informing long-term and thematic investment in global equity markets. Prior to joining Goldman Sachs, Jaakko spent four years as a Research Fellow for Energy, Environment and Resources at Chatham House. He has also worked as analyst at The Hague Centre for Strategic Studies (HCSS) and a research consultant at the School of Business and Economics at Maastricht University. He holds an MSc in International Relations from the University of Amsterdam, and a BSc in International Economics and a BA in Social Sciences & History from Maastricht University.