Dr. Mahelet Fikru, associate professor of economics. Photo by Michael Pierce/Missouri S&T.
Dr. Mahelet Fikru, associate professor of economics, was invited as an expert participant in a one-day workshop hosted by Michigan State University on Tuesday, May 7. Fikru was among approximately 15 participants at the Economics of Energy Production workshop. The experts provide input on developing a comprehensive and practical framework for comparing the economic value and contribution of renewable and non-renewable energy resources using economic methods and tools.
Fikru’s talk focused on the need to understand stakeholders’ objectives and constraints in evaluating energy decisions, highlighting the diverse interests of private entities, governments, energy consumers and communities. She discussed different metrics that consider physical, economic and value-based aspects and highlighted the need to explore both unified and separate metrics for different stages of the energy value chain.