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CERAWeek was an eye opener for me. In terms of growth, we economists tend to think of physical and human capital accumulation as the main factors driving the economy forward. As a result of this bias, in much of our analysis energy has been taken for granted and natural capital has been largely ignored. This is no longer satisfactory and has indeed begun to change. Given the enormity of the transition challenge before us, energy and natural capital should be central to our macroeconomic surveillance. In this blog I lay out my top ten takeaways from the conference.
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