Part 1 (Econ of Energy Series) Many people may think that engineering and economics are two very different fields, and there is some truth to that statement; however, to succeed in either field, it is necessary that the two fields eventually interact. One example of the merging of these two fields is the electricity market, the market in which electricity for countries is bought and sold, an integral part of keeping any infrastructure running.

An introduction to Econ of Energy Series. Sharing with you why I was I interested in writing about this topic. The experience was one of the highlights of my summer this year. A summer program that made me combine two of my interests. Read this blog entry to learn more.

One thing that I feel we take for granted as a society, especially in a country like the United States, is our drinking water supply. Unfortunately, most people aren’t privileged enough to have access to clean drinking water or even fresh water; as a matter of fact, a staggering 1 in 4 people, 25% of the world's population, lack access to a clean water source. This is already a deeply challenging problem, which becomes more complex as we are currently facing an ongoing depletion of the world's freshwater supply. 

MIT wants to remove more carbon dioxide than they release. And the power source to drive this possible precedent in the fight against global warming is a miniature, portable version of a nuclear reactor. These are called Small Modular Reactors, otherwise known as SMRs.