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Michael Greenstone |
May 19, 2011 3:49pm
Energy Consumption Central to Economic Growth
As gas prices continue to rise, the future of American energy policy is once again in the forefront of discussion. At a recent event, Michael Greenstone outlined the vital role that energy consumption and innovation play in driving economic growth in the United States and on a global scale.
He noted that in nations like India and China, which are growing at unprecedented rates, energy consumption has been a key driver of growth and has helped improve the standard of living in developing economies.