The British Institute of Energy Economics has awarded a prize for outstanding contribution to British Energy Economics over the last ten years, marking both its thirtieth anniversary and its tenth academic conference, both happening in 2014.
A Prize Committee of energy economists, chaired by Professor Yelena Kalyuzhnova, received nominations in May. The committee was unanimous in recommending that Professor Lord Stern of Brentford should receive the prize. His 2006 Review of the Economics of Climate Change has been the most influential single piece of energy economics published over the last decade, and had important implications for government policy and company strategies. The report is also firmly grounded in the academic literature and has provoked further research into the questions it addresses. Since the publication of his report, Lord Stern has been a very active advocate of the necessity to take action on climate change.
Receiving the award Lord Stern, who is Chair of the Grantham Research Institute on Climate Change and the Environment at LSE, said “It’s a tremendous honour to be given this award by the British Institute of Energy Economics. The Institute has played a leading role in public discussion of issues around energy and the economics of energy for a very long time. Indeed I think it has defined in many ways what a serious discussion on those issues should be”.
For further information and for a video of the acceptance speech of Professor Lord Nicholas Stern please visit the British Institute of Energy Economics website.
Professor Janet Hunter has written an insightful biographical piece on STICERD's founder Michio Morishima which will be published as part of the series Britain & Japan: Biographical Portraits (volume 9) by Renaissance Books. The book contains essays from several contributors relating to distinguished personalities who have been influential in political, economic and cultural relations between the two countries.
Michio Morishima was a renowned Japanese economist and mathematician, and according to Professor Hunter, "the closest Japan has yet come to having a Nobel prizewinner in economics". He was Sir John Hicks Professor of Economics at the LSE from 1970–88 and became an Honorary Fellow in 1991. He received honorary degrees from the universities of Paris (X), Siena and London, as well as emeritus professor status at both Ōsaka University and LSE. In 1976 he was awarded the Bunka Kunshō (Cultural Order of Japan).
Earlier this year, Janet Hunter, who is Saji Professor of Economic History at LSE and STICERD, was honoured by the Japanese gorvernement with the Order of the Rising Sun, Gold Rays with Neck Ribbon for her contribution to Japanese studies and promoting Japan-UK understanding.
Professor Maitreesh Ghatak, EOPP director, and Professor Debraj Ray from NYU published their analysis on the question of wealth in India. The country, poorer than the world average, has %3 of the world's multimillionaires and %17 of the world's population. The authors try to answer the "real question" of "whether the country has more than its expected share of multimillionaries" by looking at data on wealth distribution in the world. To read this article click here.