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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Today the Energy Club and the Laboratory for Energy and the
Environment are excited to co-host a talk by David Goldstein. Dr. Goldstein is
the Energy Program Director for the Natural Resources Defense Council and a
2002 MacArthur Fellowship recipient. Details are listed below.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Cheers,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Kristian Bodek<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Vice President, <font color=navy><span style='color:navy'><a
href="http://web.mit.edu/mit_energy/">MIT Energy Club</a></span></font><o:p></o:p></span></font></p>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'><o:p> </o:p></span></font></b></p>
<div style='border:none;border-top:solid windowtext 1.0pt;mso-border-top-alt:
solid windowtext .5pt;padding:1.0pt 0in 0in 0in'>
<p class=MsoNormal align=center style='text-align:center;border:none;
mso-border-top-alt:solid windowtext .5pt;padding:0in;mso-padding-alt:1.0pt 0in 0in 0in'><b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:
bold'><o:p> </o:p></span></font></b></p>
</div>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>How
Environmental Protection Policies </span></font></b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Promote
Economic Growth, Competition, and Innovation</span></font></b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'> </span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><i><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-style:italic'>David
B. Goldstein</span></font></i><font size=2 face=Arial><span style='font-size:
10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><i><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-style:italic'>Energy
Program Director</span></font></i><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><i><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-style:italic'>Natural
Resources Defense Council</span></font></i><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><st1:date Month="6"
Day="14" Year="2007"><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'>Thursday, June 14, 2007</span></font></b></st1:date><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><st1:time Hour="15"
Minute="30"><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'>3:30 - 5:00 pm</span></font></b></st1:time><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal align=center style='text-align:center'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><a
href="http://whereis.mit.edu/map-jpg?selection=E51&Buildings=go"><b><span
style='font-weight:bold'>E51-145</span></b></a><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><span class=apple-style-span><b><u><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Abstract</span></font></u></b></span><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>In his talk, David Goldstein examines the scientific
evidence that is available, supplemented with experiential evidence and
personal experience, on how environmental protection policy in general, and
greenhouse gas emissions limits in particular, can enhance economic
growth. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>There are widespread opportunities throughout the economy to
reduce pollution and preserve ecosystems in ways that increase profit. But
because of formidable and nearly universal failures of the marketplace, and
simple human tendencies towards risk aversion and loss aversion, most of these
opportunities are not exploited. Pollution reduction opportunities with rates
of return on investment of 30%, 50%, and even over 100% are going
unexploited. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Government policies have a demonstrated track record of
having overcome these failures. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The failure of current markets to take advantages of
opportunities to reduce emissions with very high return on investment creates
an even more powerful barrier to innovation indirectly than it does directly:
If existing products or services that could generate a 30% annual return by
saving energy don’t sell, why would anyone develop an even better
technology?<o:p></o:p></span></font></p>
<p style='margin:0in;margin-bottom:.0001pt'><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><span class=apple-style-span><b><u><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Biographical sketch</span></font></u></b></span><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>David B. Goldstein has worked on energy efficiency and
energy policy since the early 1970s. He currently co-directs NRDC's
Energy Program. Dr. Goldstein has been instrumental in the development of
energy efficiency standards for new buildings and appliances that are currently
in effect at the regional and national level in the </span></font><st1:country-region><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>United
States</span></font></st1:place></st1:country-region><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>, </span></font><st1:country-region><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Russia</span></font></st1:place></st1:country-region><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>, </span></font><st1:country-region><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Kazakhstan</span></font></st1:place></st1:country-region><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>, and </span></font><st1:country-region><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>China</span></font></st1:place></st1:country-region><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>. He
negotiated the agreement that led to the National Appliance Energy Conservation
Act of 1987, and has helped design energy efficiency programs with utilities
and state regulatory agencies. He initiated and coordinated the dialogue that
led to the adoption of tax incentives for efficient buildings in the </span></font><st1:country-region><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>U.S.</span></font></st1:place></st1:country-region><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> in the
Energy Policy Act of 2005 and was a founding director of the Consortium for
Energy Efficiency and the New Buildings Institute. Dr. Goldstein initiated
and directed research on how urban structure affects the usage of automobiles,
and originated the Location Efficient Mortgage to implement the
results. David B. Goldstein received a Ph.D. in Physics from the </span></font><st1:place><st1:PlaceType><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>University</span></font></st1:PlaceType><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> of </span></font><st1:PlaceName><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>California</span></font></st1:PlaceName></st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> at </span></font><st1:City><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Berkeley</span></font></st1:place></st1:City><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>, and is a
Fellow of the American Physical Society and the recipient of its Leo Szilard
Award for Physics in the Public Interest. He received a MacArthur Fellowship in
2002 and is the recipient of the California Alumni Association’s 2003
Award for Excellence in Achievement.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><i><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-style:italic'>Co-sponsored by the Laboratory for Energy
and the Environment and the MIT Energy Club</span></font></i><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
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