Modelling Linked Carbon and Electricity Markets
This project developed a new analytical tool for assessing the effects of uncertainty in both carbon and electricity markets, taking account of the strong links between the two. The model includes an interface intended to allow companies to assess the performance of investment options available to them both in terms of generation capacity as well […]
Short-term carbon valuation
The UK Department of Energy and Climate Change (DECC) produces annual projections of carbon prices for use in appraisal of any government policy that might affect carbon emissions levels. The methodology for carrying out these projections has had to change as a result of structural changes in the EU emissions trading scheme, and Oxford Energy […]
Energy Intensity Reduction in Gulf Countries
Oil exports underpin the economic stability of gulf countries, but the ability to export is threatened by ballooning domestic energy demand in those countries. This Chatham House project, working with regional partners, develops a set of recommendations for improving energy efficiency in GCC countries, drawing on the experiences of utilities, policymakers, industry experts, and academics. […]
“Scaling-up Financing of Energy Efficiency through Provision of Targeted Risk Management Products”
A huge increase in investment in energy efficiency is required if global energy systems are to be transformed to a more sustainable basis. Energy efficiency has significant and well-documented economic and environmental benefits, especially in regions with a history of cheap energy and high energy intensity. Companies’ energy costs can often be similar to or even higher than their […]
“Interactions between Energy Security and Climate Change: A Focus on Developing Countries”
Abstract We briefly consider the tensions between climate change and energy security policy imperatives, and highlight some concepts that may bring additional clarity to decision-making at the nexus of the two areas. We focus on developing countries and use the case of the Medupi super-critical coal plant in South Africa to illustrate the issues. View pdf here
Impact of Climate Policy Uncertainty on Investment
Will has worked extensively over many years on the topic of investment under uncertainty, particularly in relation to investment options in the electricity sector, and how they are influenced by climate policy uncertainty as well as other risks such as fuel prices and technology costs. The publications section lists many publications related to this research, […]