Encina Ground Floor Conference Room
Encina Ground Floor Conference Room
Encina Ground Floor Conference Room
The BP Foundation has awarded a five-year, $7.5 million grant to Stanford University's Program on Energy and Sustainable Development to support research on modern energy markets. The foundation is funded by BP, one of the world's largest energy companies.
The gift follows the BP Foundation's initial grant of $1.8 million over three years, which was pledged in 2004 in support of the program.
"BP's support has allowed our program to study the world's most pressing energy problems, such as global warming, energy poverty and the prospects for the world oil market," said program director and Stanford law Professor David G. Victor. "In addition to BP Foundation support, we learn from BP's experience as an energy company because they operate in all the markets where we do research--such as in China and India."
"BP Foundation believes the work undertaken at Stanford deals directly with global issues that are key to meeting the world's growing energy needs," said Steve Elbert, chairman of the BP Foundation. "The drive to research and implement strategies to further understand today's energy markets is important work, and we are proud to partner again with Stanford."
The Program on Energy and Sustainable Development, part of the Freeman Spogli Institute for International Studies, concentrates on the legal, political and institutional dimensions of how societies derive value from energy. The BP Foundation grant is part of a rapid expansion of Stanford's research and teaching on energy issues, much of which focuses on the technical aspects of energy systems.
All of the program's research is public and published openly, including on its website. The gift from the BP Foundation, as well as all similar gifts to support the program's research, includes special provisions that assure the research program's independence in setting its research agenda.
The agreement with Stanford is one in a series of BP partnerships with universities in the United Kingdom, the United States and China, representing a total commitment of more than $600 million. The program at Stanford complements work on similar topics at Princeton University, Tsinghua University and Imperial College, among others.
Founded in 2001, the Program on Energy and Sustainable Development focuses on the "political economy" of modern energy services--the interaction of political, institutional and economic forces that often dominate energy markets. It collaborates with the Stanford Law School and other university departments and schools, including economics, engineering and earth sciences. About half of the program's resources are devoted to research partnerships in key developing countries, including Brazil, China, India, Mexico and South Africa. Program researchers have examined the emergence of a global business in natural gas, reforms of electric power markets and the supply of modern energy services to low-income rural households in developing countries.
The program's other major sponsor is the Electric Power Research Institute in Palo Alto, Calif., a research consortium that includes most of the world's largest electric companies.
In the debates surrounding genetically modified organisms in the food supply, the issue of labeling has become ever more salient. The EU is developing regulations to require labeling and traceability for all foods containing or derived from GMOs. Other countries, including Australia, Brazil, Japan, New Zealand, Russia, South Korea and Thailand are also in the process of developing voluntary labeling guidelines. In January of 2000, 130 countries adopted the Cartagena Protocol on Bio-safety which calls for bulk shipments of GMO commodities, such as corn or soybeans that are intended to be used as food, feed or for processing, to be accompanied by documentation stating that such shipments "may contain" living modified organisms and are "not intended for intentional introduction into the environment." Will these labeling systems prevent trade disruptions and enhance the international trading system established by the WTO? Or will they act as non-tariff barriers that obfuscate consumer decisions and lead to greater expense, confusion and ultimately to new trade wars?
Any GMO labeling debate must take into consideration the political, economic, legal, operational and administrative aspects of such labeling. The political considerations include the maintenance of confidence in the food system and how policy makers balance the demands of domestic constituencies against their various international obligations, such as under WTO Technical Barriers to Trade Agreement. The economic questions focus on a cost/benefit analysis of segregation and identity-preservation and whether labels provide information or capture a premium for producers. The legal issues include the possible challenge of discrimination in trade and the extent of liability under domestic law for misleading or incorrect labels. Operational adn administrative questions center on whether to make labels mandatory, whether to take a product or process approach, how feasible and costly are particular approaches and whether it is necessary it is necessary to require full traceability.
The workshop will be hosted by the European Forum of the Institute for International Studies at Stanford University. The goal of the workshop is to make a significant contribution to the ongoing policy debate. Participants will include academic, government and private sector specialists and bring expertise in economics, law and political science.
Oksenberg Conference Room
Daniel and Nancy Okimoto Conference Room
Encina Ground Floor Conference Room
Daniel and Nancy Okimoto Conference Room
Encina Ground Floor Conference Room