Energy and Investing

79 Pages Posted: 1 Apr 2019

See all articles by Bradford Cornell

Bradford Cornell

Anderson Graduate School of Management, UCLA

Date Written: February 27, 2019


This paper examines some of the investment implications of what is called the "great transformation" by which renewable sources of energy replace the current reliance on carbon-based fuels. To set the stage, the paper begins by presenting detailed data on past, current and forecast future energy usage. The data imply that the great transformation will be very expensive. The paper then turns to the question of how the transformation will be financed. It is argued that the political environment will be an important determinant of the financing form.

Keywords: renewable energy, finance

JEL Classification: G00, H00

Suggested Citation

Cornell, Bradford, Energy and Investing (February 27, 2019). Available at SSRN: or

Bradford Cornell (Contact Author)

Anderson Graduate School of Management, UCLA ( email )

Pasadena, CA 91125
United States
626 833-9978 (Phone)

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