UCL has launched a new business-funded research Centre for Net Zero Market Design, that brings academics together with industry and government to inform reform of the UK’s...
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Strategic Economics of Energy Transition #3: Dynamic determinants [and a coda on the UK coal mine ban].
Summary: Well-known dynamic characteristics of energy technologies and systems are important for climate policy. A new paper Dynamic determinants of optimal climate policy, just...
Strategic Economics of Energy Transition #2 (Global dimensions): the 2024 World Development Report
This year’s World Development Report: the Middle-Income Trap could be the most globally important economic report of any major institution, for many years. That is, in part,...
Strategic economics of energy transition #1: Energy Cost Constancy
A new publication demonstrate the historical capacity for energy systems to adapt to needs, and maintain costs within a relative narrow range
Climate change progress and Paradox
Despite scepticism, parts of the world have been making real progress on cutting emissions. But the latest push for carbon pricing has fallen flat. Its advocates need to learn from the accumulated evidence – and recalibrate fast.
COPped out? The Global Stocktake on Mitigation and and its implications
The Mitigation section of UEA Consensus on the Global Stocktake avoids the issue that should lie at the heart of a robust international agreement: what should be done if the “nationally determined” offers don’t add up to the agreed goals (they don’t – as acknowledged) and won’t (as is obvious). Understanding why is crucial for understanding what the COP can and cannot do – and hence the need to look beyond.
Discussions on REMA: Splitting the wholesale market
Following on from their first REMA seminar in May where Locational Marginal Pricing (LMP) was discussed, BIEE held a second seminar on Tuesday 26 September to discuss another of...
OIES Podcast – Electricity (re) Design and ‘Split Markets’ – Part 2
In this podcast, David Ledesma again talks to Professor Michael Grubb of UCL and Malcolm Keay of the OIES on the proposed dual market designs for electricity, focusing on split...
OIES Podcast – Electricity (re) Design and ‘Split Markets’ – Part 1
In this podcast, David Ledesma talks to Professor Michael Grubb of UCL and Malcolm Keay of the OIES on the proposed dual market designs for electricity. In recent months,...
The European energy crisis and electricity market (re)design
The European energy crisis was driven by gas, but amplified through electricity – where fossil fuels largely set the price, even though more than half the system is now...