Doctoral Seminar

The aim of this two day seminar was to give PhD students an overview of key economic and policy issues surrounding the
transition to low-carbon electricity in market-based systems and the economics of climate policy.

The seminar was given by Professor Richard Green from the Imperial College Business School in the United Kingdom.

Seminar day 1

Economics of Climate Policy

Lecture 1: What is at stake with the EU ETS?
The excess cost of limited where-flexibility
Lecture 2: Promotion of RES-E and climate policies
Effects of overlapping regulation: green serves the dirtiest
Lecture 3: Border carbon adjustment I
Carbon leakage and border carbon adjustment
Lecture 4: Border carbon adjustment II
Strategic carbon tariffs

Seminar day 2

Energy Transition & Power Markets

Lecture 1: Fundamentals of electricity
The key technical features of the industry
Wholesale market designs: “European” and “US”
Lecture 2: Renewable generation
Economics of variable renewables (wind and solar)
Policy measures to support renewable generators
Lecture 3: Transmission and storage
Understanding transmission constraints
The impacts of storage on the electricity market
Lecture 4: Emissions savings
Estimating past emissions savings from renewable generators
Modelling future savings