The power sector, the largest source of UK emissions, must be largely decarbonised by 2030 if the UK is to reduce emissions consistent with its statutory carbon budgets. A low-carbon power sector is also important to enable the decarbonisation of the transport and heating sectors (the second and third largest sources of UK emissions, respectively) through their electrification.
The Institute leads research on the policy regime, low-carbon technologies and grid upgrades required to facilitate electricity sector decarbonisation, and its potential to unlock growth and innovation opportunities.
Publications and commentaries:
Energy is needed for economic growth, and access to cheap, reliable energy is an essential development objective. However, in the future access to fossil fuel-based energy will need to be … read more »
When evaluating policy treatments that are persistent and endogenous, available instrumental variables often exhibit more variation over time than the treatment variable. This leads to a weak instrumental variable problem, … read more »
Using household-level data from the American Housing Survey, this paper assesses the cost of adapting housing to temperature increases. The authors account for both energy use adjustments and capital adjustments through investments in weatherization and heating and cooling equipment. read more »
It is vitally important that the public debate about the UK’s options for managing the risks of climate change is based on reliable and authoritative information about the costs. Unfortunately, … read more »
Data Set on the Consumption of Energy and Energy Services (1300-2008). Fouquet, R. (2014) Review of Environmental Economics and Policy 8(2).
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The British Feed-in Tariff (FiT) scheme, which launched in April 2010, pays £500 million each year to the owners of small scale renewable energy installations for the clean … read more »
Fouquet, R. 2013. Edward Elgar Publications. Cheltenham, UK, and Northampton, MA, USA.
Shifting from coal to natural gas for electricity generation can help the UK power sector to decarbonise in the near term. With good planning and investment, natural gas can support the development of a low-carbon power sector by providing essential backup for intermittent renewables, but could only play a bigger role longer-term if fitted with carbon capture and storage (CCS) technology.
However, a new UK ‘dash’ for gas on the assumption of low prices is a risky economic and environmental option. A lower risk option is a ‘dash’ for smart gas; using natural gas in those areas where it offers the greatest value in decarbonising the power sector. read more »
The economics of wind power: submission to the inquiry by the House of Commons Select Committee on Energy and Climate Change
Samuela Bassi and Sam Fankhauser
The long run demand for lighting: elasticities and rebound effects in different phases of economic development.
Fouquet, R., and P.J.G. Pearson. 2012. Economics of Energy and Environmental Policy, v.1, pp.83-100.
Fouquet, R. 2012. Energy Policy 50 (Special Issue on Past and Prospective Energy Transitions), pp.130-41.
This policy brief investigates the extent to which onshore wind can contribute to future electricity generation, whether there are technological constraints, what the economic costs are and what the … read more »
This paper identifies practical lessons for policy makers that seek to decarbonise their economies, drawing primarily on the UK experience. There are five main conclusions. First, decarbonisation needs a … read more »
Fouquet, R. 2012. Energy Policy 50 (Special Issue on Past and Prospective Energy Transitions), pp.62-71.
Fouquet, R. 2011. Ecological Economics, v.70, pp.2380-9
Mattia Romani, Nicholas Stern and Dimitri Zenghelis
Fouquet, R. 2010. Energy Policy, v.38, pp.6586-96.
In: Hunt, L. and J. Evans (eds.). 2009. International Handbook of the Economics of Energy. Edward Elgar Publications. Cheltenham, UK, and Northampton, MA, USA.
Fouquet, R. 2008. Edward Elgar Publications. Cheltenham, UK, and Northampton, MA, USA.
Seven centuries of energy services: the price and use of lighting in the United Kingdom (1300-2000).
Fouquet, R., and Pearson, P.J.G. 2006. The Energy Journal, v.27, pp.139-77.