Boosting Household Investments in Energy Efficiency

by Matej Hodek, Hyojoo Kim, Douglas Miller (C’12) & Antonia Weitzer

Despite widespread political support for measures promoting investments in energy efficiency in the residential sector, there remains vast, unmet potential. In order to better understand the reasoning behind meager investments in energy efficiency, a study was conducted by four graduate students at Imperial College London – including one former member of the IGEL team – to investigate the role of financial and non-financial factors affecting household decisions to invest in energy efficiency.

The 2013 Wharton IGEL Conference Workshop

Thank you to all the speakers and participants of our 2013 Wharton IGEL Conference Workshop! Please make sure to visit the conference page for pictures and speaker presentations. In addition, a Knowledge@Wharton Special Report on the conference will be released soon, so stay tuned!

In the meantime please check out the following blog posts from Oikos Penn students Ruchi Shah and Leah Khaler, who covered our 2013 IGEL Conference:

Love Coca-Cola not for its taste but for its efforts

by Ruchi Shah
Businesses and brands are increasingly obliged to healthy communities and constituents for their bottom-line growth. On March 21, 2013 at the IGEL Conference-Workshop on The Nexus of Energy, Food and Water, Coca- Cola talked about their sustainability goals and accomplishments. Continue reading →

Local Economy in a Global World

by Leah Khaler
Entrepreneur, activist, and White Dog Café founder, Judy Wicks provided a different perspective at the 2013 IGEL conference at the Wharton School of the University of Pennsylvania. Continue reading →

Supply Chain Compliance: Addressing the Elephant in the Room

by Derek Newberry*

If events like Apple’s Foxconn debacle teach us anything, it is that even reputable companies with strong supplier codes of conduct can face serious compliance issues where regulatory mechanisms are lacking.  I reflected on this recently when leafing through the summary report from last year’s Wharton Initiative for Global Environmental Leadership (Wharton IGEL) Conference “Greening the Supply Chain”.  While I enjoyed reading about the participants’ experiences in sustainability management, I was struck by the short shrift they paid to the all-important question of compliance, despite acknowledging that when it comes to producing tangible results, this really is the “elephant in the room”.

Indeed, ensuring that suppliers adhere to social and environmental criteria and comply with applicable legislation is a thorny problem in settings where the boundaries of corporate responsibility are unclear and enforcement can be costly and onerous.  This is doubly true in production chains characterized by numerous small suppliers and sparse governmental regulations, as is the case in much of the global agricultural sector.  How can we create regulatory mechanisms that enable these sustainability programs to look as good in practice as they do on paper?

Water for Energy

by Iliana Sepulveda*

Water is essential for human life. It is also very useful for transportation, and agricultural and industrial production. Energy is also an essential ingredient. The relationship between these two resources has become an important topic for national security and for human development worldwide. With current available technology, vast quantities of water are required to produce energy (thermoelectric production as an example). Moreover, due to the geographical mismatch of water supply and demand, a significant amount of energy is needed to transport water where it is consumed, and to ensure that it has the proper quality for its different end uses (human consumption, agricultural uses, industrial production, and ecosystems protection).

Survey: Risk of Drought in the United States

by Sharon Muli*

Water covers 70.9% of the Earth’s surface. However, only 3% of the Earth’s water is freshwater, and 68.7% of this freshwater is in glaciers, 30% is ground water, and 0.3% is surface water.  Humans depend on freshwater for a wide variety of uses, and this finite amount of water must be properly managed and allocated.

The chart below shows the uses of freshwater in the U.S. The chart highlights the nexus between water, food, energy –the focus of the upcoming Wharton IGEL Conference on March 20-21, 2013.  The two leading uses of freshwater withdrawals in the U.S. are thermoelectric power and irrigation, and any significant change in water use in these sectors will likely have an impact on the other categories.

How do droughts affect our country?  As part of a group project for the Wharton course Risk Analysis and Environmental Management, Penn students Sharon Muli, Brent Ginsberg, Zenia Zelechiwsky, and Yaowen Ma are gathering data on how individuals perceive the risk of drought. The focus of this project is to investigate the likelihood of more droughts occurring in the United States in the future and to shed light on their associated impacts.

Please click here to take a survey to help us with our investigation.  The survey takes approximately 2-3 minutes to complete. Thank you for your participation.

*Sharon Muli is enrolled in Penn’s Master of Environmental Studies program with a concentration in Environmental Policy.  She has a background in Biology, is particularly interested in water issues and corporate sustainability, and currently works as a Product Sustainability Co-op at Johnson & Johnson.

A Portable Environmental Economics Lab

by Yixiu Zheng*

I started working on this project last semester, while taking a course in environmental economics.

As a subfield of economics, environmental economics draws on both microeconomics and macroeconomics[i], but it also has unique concepts of its own. I have seen that students who have never studied economics before can find terms like “property rights” and “marginal abatement cost” overwhelming. While scholars of economics often use historical data and experiments, environmental economics is a relatively recent discipline, developed first in 1950s in the U.S.[ii] There aren’t many experiments to build upon; for instance, the water rights trade doesn’t have a large scope of application, except for some arid areas like California and Australia. So how are students supposed to fully understand and apply these concepts in the real world?

I learn best through direct experience. This type of teaching doesn’t seem boring to me. And in fact, it is suggested that people do have a better memory when they put teachings into practice, for example, by trying to cook a meal rather than just reading its recipe. This is why I want to create a game about environmental economics.

Clean Energy Challenges and Opportunities for Investing in Sustainability

by Sharon Muli*

Jason Baxter of Drexel University

If the Earth had six massive solar installations measuring 200 miles long by 200 miles wide filled with 10% efficient solar cells, it could generate enough energy to meet global demand.  While this is a powerful vision that demonstrates the high potential of solar power, it sounds like a rather absurd thought. Yet this image raises a fundamental question; how can we take better advantage of solar power?

This issue was discussed during the Clean Energy and Sustainability Investing Workshop at the Wharton Social Impact Conference on November 16, 2012, organized by the Wharton Social Impact Initiative.  This year, the theme of the conference was “The Finance of Impact:  Innovative Approaches to Social Change”. The discussion of photovoltaics (PV) emerged as a clear example of how financial investments and technological development can lead to more sustainable change.

Household Energy Survey

Doug Miller, former Wharton IGEL Staff member, Penn alumnus, and now a Master’s student at Imperial College London, is currently working with three fellow graduate students on a project that investigates the factors affecting household investments in energy efficient technologies. Their survey aims to identify what determinants have the greatest impact on these investment decisions. They hope to receive responses from people living in the U.S., so that they can compare these to responses in Europe. The survey takes about 10 minutes on average to complete and will remain open until Friday.

Click here to begin the survey. Thank you for your participation.

 

Community Engagement through Penn’s Sprouting Athletics Eco-Reps Program

by Marissa Rosen

Collegiate athletics programs can provide experiential learning and engage a broad audience, thus serving as a particularly attractive educational vehicle. Athletic teams and their events can build a school’s community, appeal to donors, strengthen alumni connections, attract prospective students, and generate school pride. They can also send a message of environmental sustainability.

Wharton’s Initiative for Global Environmental Leadership (Wharton IGEL) sponsored last Tuesday’s official kick-off dinner for the University of Pennsylvania’s Athletics Eco-Reps program. Thirteen founding Varsity athletes, along with coaches and supporting staff, have been strategizing since last fall to reduce their teams’ environmental impact, addressing water and energy conservation issues, recycling rates, fan engagement, and responsible sourcing. Penn’s unique program is part of the Ivy League Conference’s collaboration with the Natural Resources Defense Council Green Sports group and the Green Sports Alliance.

Upcoming Competitions

The Nespresso’s AAA Sustainable Quality MBA Global Challenge 2013: This global MBA case study competition, managed by Latin America’s INCAE Business School, in partnership with Nespresso´s value chain advisor the Sustainable Markets Intelligence Center (CIMS), seeks to engage MBA students at leading management programs and tackle the most pressing strategic issue in Nespresso´s supply chain: the sustainable sourcing of coffee from hundreds and thousands of smallholder coffee farmers in Latin America and other parts of the world. To read more about the challenge, rules and more, visit http://sustainabilitymbachallenge.com/ The deadline for schools and teams to register (only one team of 4 students per school) is on January 30th.

Clean Tech Challenge 2013: This international business competition aims to develop clean technology ideas from concept to execution. Open to all undergraduate and postgraduate students, individually or in groups, with £10,000 to be won. You can join one of the groups even if you don’t have any novel ideas of your own. The Challenge is hosted by London Business School and University College London (United Kingdom). Last year’s winner and runner-up projects included: novel solar cell design, re-use of mechanical vibrational energy, technology enabling bacteria to pump out biofuels and fine chemicals along with innovative electricity storage -the ten finalist teams came from Denmark, Belgium, US, Italy, China, Netherlands and the UK. Please send your 200 word description by 27 January 2013. Visit http://www.cleantechnologychallenge.com/ for more information.

MIT Clean Energy Prize: This Enter your start-up in the MIT Clean Energy Prize for a chance to win between $20k and $150k! The MIT Clean Energy Prize is currently recruiting teams/start-ups from across the United States with innovative ideas in one of three categories: energy efficiency, renewable energy and deployment and infrastructure. Winners from each category receive $20k each and go on to compete for the $150k Grand Prize. Application deadline is February 28, 2013.  Apply online at:  http://cep.mit.edu/submit-entry/. Have an idea but not a company? No problem! The MIT Clean Energy Prize pairs teams of motivated students with great ideas with mentors from the start-up business communities to help turn their ideas into reality. To learn more, please visit: http://cep.mit.edu/