Abstract
Let's talk about electrifying everything. Government and business leaders, policy makers, regulators, and many stakeholder groups alike are espousing the benefits of electrifying buildings, transportation, and industry. The concept is as interesting as it is controversial. As the United States and other countries develop plans for decarbonizing their economies, a host of issues arise that need airing. There will be some economic dislocation, with winners and losers. There will be new businesses formed, new technological innovations coming to market, and new business models for supplying and delivering energy services. From an options perspective, locking in a single path toward decarbonization too early can stress existing markets, foreclose innovations that might prove more cost‐effective with greater efficacy, and result in putting infrastructure in place that in a few years might prove obsolete.
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