Publications
Historical energy transitions: Speed, prices and system transformation
The relatively rare and protracted nature of energy transitions implies that it is vital to look at historical experiences for lessons about how they might unfold in the future. … read more »
Lessons from energy history for climate policy: Technological change, demand and economic development
This paper draws lessons from long run trends in energy markets for energy and climate policy. An important lesson is that consumer responses to energy markets change with economic … read more »
Asset accounting, fiscal policy and the UK’s oil and gas resources, past and future
Evidence that the UK may possess sizable resources of shale gas and oil has instigated a debate about whether a sovereign wealth fund would be an effective way to use tax revenues from their exploitation. Analysis in this paper explores the implications the sovereign wealth fund model for managing past and future UK oil and gas resources. read more »
Reserves and trade jointly determine exposure to food supply shocks
While a growing proportion of global food consumption is obtained through international trade, there is an ongoing debate on whether this increased reliance on trade benefits or hinders food security, and specifically, the ability of global food systems to absorb shocks due to local or regional losses of production. This paper introduces a model that simulates the short-term response to a food supply shock originating in a single country.
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Renewables, allowances markets, and capacity expansion in energy-only markets
We investigate the combined effect of an Emission Trading System (ETS) and renewable energy sources on electricity generation investment in energy-only markets. We propose a simple representation of the capacity … read more »
Path dependence in energy systems and economic development
Energy systems are subject to strong and long-lived path dependence, owing to technological, infrastructural, institutional and behavioural lock-ins. Yet, with the prospect of providing accessible cheap energy to stimulate economic … read more »
Energy services
Fouquet, Roger (2016). In: Durlauf, Steven N. and Blume, Lawrence E., (eds.) The New Palgrave Dictionary of Economics. Palgrave Macmillan.
Energy efficiency gains from trade in intermediate inputs: firm-level evidence from Indonesia
This paper investigates whether importing intermediate goods improves firm-level environmental performance in a developing country, using data from the Indonesian manufacturing sector. read more »
Climate policy confidence indicator: final report to CCCEP
The CCCEP Policy Innovation fund supported a project to explore the feasibility and perceived usefulness of an indicator of confidence in climate change policies. This final report presents the analysis … read more »
Do tax incentives for research increase firm innovation? An RD design for R&D
We present the first evidence showing causal impact of research and development (R&D) tax incentives on innovation outcomes. We exploit a change in the asset-based size thresholds for eligibility for … read more »
