Energy 2.0 Morning Keynote

Forget Energy 2.0, counsels Jeffrey Immelt-- “We never had Energy 1.0.” Unlike the health care business, he says, “we still sell some products in the energy sector that sold 25 years ago.” This relative torpor, Immelt explains, results from a lag between “market signals and time horizons,” as well as the “societal expectation that energy is a God-given right” –which makes reasonable pricing difficult – and the absence of rational energy policies worldwide. But with global warming upon us, the dynamics of the energy market are rapidly shifting, and GE, one of the globe’s biggest players, hopes to take advantage of new opportunities.

from http://mitworld.mit.edu/video/475

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Tags: energy, future, mit, policy
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