UCL Institute for Sustainable Resources


Professor Michael Grubb wins IAEE’s Marcel Boiteux Best International Energy Economics Book Award

7 May 2021

Planet earth

Michael Grubb, Professor of Energy and Climate Change at University College London, Institute of Sustainable Resources and Energy Institute, (ISR), and Deputy Director for ISR, has been awarded this year’s Marcel Boiteux International award by the International Association for Energy Economics, for his outstanding book contributing to the field of energy economics and its literature.

The winning book, Planetary Economics: Energy, Climate Change and the Three Domains of Sustainable Development by Michael Grubb, with Jean-Charles Hourcade and Karsten Neuhoff, brings together insights from 25 years of research and implementation of energy and climate policies.  

A book advocating for change in thinking and policy, Planetary Economics provides a new perspective on how policymakers and academics can overcome the most fundamental problems and environmental challenges. It brings together the fields of energy, environment, innovation, behavioural economics and macroeconomics, to outline the future agenda for climate policy.

The 'Marcel Boiteux Best International Energy Economics Book Award' is named in recognition of Marcel Boiteux's contribution to fundamental energy economics theory and its application. The award was created during the IAEE Council chaired by Yukari Yamashita in 2020, and books reviewed in both the Energy Journal and the Economics of Energy & Environmental Policy are considered for this award.

The IAEE are an independent, non-profit, global membership organisation for business, government, academic and other professionals concerned with energy and related issues in the international community.

Commenting on his award, Professor Grubb said:

A book on the scale of Planetary Economics takes years to conceive and develop. The award is a wonderful testimony to the efforts of all three authors, and our colleagues. It combines diverse expertise across micro- and behavioural economics, macro-economics, and analysis of practical energy and environmental policy experience. I’m delighted to receive this award on behalf of all of us and the wider community of economists who know that the challenges of energy and climate change call on us to expand the usual boundaries of economics itself.”

The award will be presented by Christophe Bonnery, IAEE Past President, during the IAEE Annual Conference, at an Award Ceremony on June 10, 2021.