Energy systems, policies and markets
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Research areas
Electricity markets
Transitions modelling
We develop energy models and use related analyses to better understand how we can transition towards net zero in a more sustainable way, both globally and in the UK.听Our lab has around 25 members spanning 香港六合彩中特网 Energy Institute and 香港六合彩中特网 Institute for Sustainable Resources.听We have a range of projects and are members of the听, the听听and听听hydrogen hubs, and the听听hub on greenhouse gas removal.
Sustainable finance
We study how financial, technology and policy elements interact to inform the design of policies that stimulate markets and enable sustainable energy development. Currently, our main research on sustainable finance is supported by the LINKS project, which focuses on the role of climate finance to meet the Paris climate goals and aims to produce guidance for a re-orientation of financial flows towards low-carbon and energy efficiency investments.
Research stories
Energy systems, policies and markets听in teaching
The research conducted within this theme feeds directly through to the teaching of students enrolled on the 香港六合彩中特网 Institute for Sustainable Resources'听masters programmes, notably听Economics and Policy of Energy and the Environment MSc, via three key modules:
Electricity Market Design for the Energy Transition听-听The electricity markets module focuses on how power markets have been evolving and could be further reformed to accommodate growing shares of renewables. Using a multi-disciplinary perspective, it reviews the basics of power market design, providing an overview of the most significant challenges faced by the sector and identifying a range of options for reform based on real-world experiences and innovative approaches found in the literature. Starting with the key concepts and the basics of power sector economics, the module introduces the temporal and spatial dimensions of markets while examining the different roles that actors and stakeholders play. The main techno-economic challenges (and opportunities) arising from the increased penetration of intermittent generation together with the decentralised architecture and the demand response paradigm, which alter the physical system and market dynamics, are considered from the perspective of the energy, balancing and ancillary services market design solutions for a high-renewable and deeply decarbonised future.
Planetary Economics and the Political Economy of Energy and Climate Change - Planetary Economics is a core module, based on the book 听written by Professor Michael Grubb. The module arms students with an integrated and interdisciplinary understanding of energy and climate change issues, starting by creating an understanding of the fundamentals of the global energy system, fossil fuels and renewable energy technologies. The module then develops students鈥 knowledge of the economic and political economy dimensions of tackling environmental problems. The rationale behind the traditional economic approach and instruments applied in attempt to decarbonise energy systems are explained, before introducing the 鈥榯hree pillars of policy鈥. The three pillars draw upon more diverse branches of economics to create a more comprehensive framework which may be leveraged to drive the transformation of energy generation, distribution and use across the world.
Introduction to Modelling Methods and Scenarios听- This core module focuses on the use of models for E3 (energy-economic-environmental) analyses. Such modelling approaches are critical, and at the sharp end of supporting decision makers on how we address some of the big energy-related questions, notably climate change but also energy affordability and security.听The module is designed to provide an overview of some of the key approaches to energy analysis, with a focus on modelling, and how such approaches are applied to real world problems.听 We aim to provide students with the necessary critical thinking skills to assess what are the appropriate use of models, their limitations and to what research questions they can be applied.
Doctoral research (PhD)
OThe breadth of this theme is reflected in the wide variety of energy-related research projects undertaken by our PhD students.
Current PhD students
- Seokyoung (Chris) Kim: 鈥淓xamining the competitiveness of synthetic jet fuel and high-value chemicals in a net zero energy system鈥澨
- : Sustainable Land Use: theory and Empirical Evidence from the UK
- Sumit Kothari: 鈥淪caling solar energy: an analysis of the structure and development of the investment system that powers growth鈥
- Jana Fakhreddine: Modelling global hydrogen and ammonia zero-carbon energy systems
- Giulia Ragosa: 鈥淭he political economy of electricity market reforms for the integration of renewables in Italy, California and the UK鈥
- Ramy Magdy Mahmoud
Recently completed PhDs
- Lilia Caiado Coelho Beltr茫o Couto: Socioeconomic Impacts of Long-Term Renewable Electricity Generation: a multi-regional analysis for Brazil
- Omran Al-Kuwari : The Future of Liquified Natural Gas (LNG) in the Energy Transition: options and implications for the LNG industry in a decarbonising world听
Researchers
Electricity markets researchers
Michael Grubb听
Professor
m.grubb@ucl.ac.uk
Paul Dodds听
Professor
p.dodds@ucl.ac.uk
Jim Watson听
Director, Professor
j.watson@ucl.ac.uk
Claudia Brown
Research Assistant
Transitions modelling researchers
Paul Dodds
Professor of Energy Systems
p.dodds@ucl.ac.uk
Isabela Butnar
Principal Research Fellow
i.butnar@ucl.ac.uk
Oliver Broad
Senior Research Fellow
o.broad@ucl.ac.uk
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Sustainable finance researchers
Nadia Ameli
Principal Research Fellow
n.ameli@ucl.ac.uk
Research Fellow
s.maximov@ucl.ac.uk
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