Related papers: Strategic Investment to Mitigate Transition Risks

The energy transition potentially poses an existential risk for major international oil companies (IOCs) if they fail to adapt to low-carbon business models. Projections of energy futures, however, are met with diverging assumptions on its…

Low-carbon liquid fuels play a key role in energy system decarbonization scenarios. This study uses a multi-sector capacity expansion model of the contiguous United States to examine fuels production in deeply decarbonized energy systems.…

This study investigates the efficient strategies for supply chain network optimization, specifically aimed at reducing industrial carbon emissions. Amidst escalating concerns about global climate change, industry sectors are motivated to…

While wind and solar power contribute to sustainability, their intermittent nature poses challenges when integrated into the grid. To mitigate these issues, renewable energy can be combined with coal fired power and hydropower sources to…

I study the dynamic, general equilibrium implications of climate-change-linked transition risk on macroeconomic outcomes and asset prices. Climate-change-linked expectations of fossil fuel restrictions can produce a ``run on fossil fuels''…

In this paper, we compare different mitigation policies when housing investments are irreversible. We use a general equilibrium model with non-homothetic preferences and an elaborate setup of the residential housing and energy production…

The spotlight is on the intertwined nature of sustainability and energy transition. As the world grapples with environmental challenges, the push for a green approach to energy is more crucial than ever. This transition promises not just a…

In this paper, we present an adaptive investment strategy for environments with periodic returns on investment. In our approach, we consider an investment model where the agent decides at every time step the proportion of wealth to invest…

Multi-energy systems can provide a constant level of service to end-use energy demands, while deriving delivered energy from a variety of primary/secondary energy sources. This fuel-switching capability can be used to reduce operating…

We examine a green transition policy involving a tax on brown goods in an economy where preferences for green consumption consist of a constant intrinsic individual component and an evolving social component. We analyse equilibrium dynamics…

There is great uncertainty about future climate conditions and the appropriate policies for managing interactions between the climate and the economy. We develop a multidimensional computational model to examine how uncertainties and risks…

Climate risk assessment is becoming increasingly important. For organisations, identifying and assessing climate-related risks is challenging, as they can come from multiple sources. This study identifies and assesses the main climate…

Increasing the adoption of alternative technologies is vital to ensure a successful transition to net-zero emissions in the manufacturing sector. Yet there is no model to analyse technology adoption and the impact of policy interventions in…

Addressing the urgency of climate change necessitates a coordinated and inclusive effort from all relevant stakeholders. Critical to this effort is the modeling, analysis, control, and integration of technological innovations within the…

The most serious threat to ecosystems is the global climate change fueled by the uncontrolled increase in carbon emissions. In this project, we use mean field control and mean field game models to analyze and inform the decisions of…

The transition to a deeply decarbonized energy system requires coordinated planning of infrastructure investments and operations serving multiple end-uses while considering technology and policy-enabled interactions across sectors.…

Wildfires pose a growing risk to public safety in regions like the western United States, and, historically, electric power systems have ignited some of the most destructive wildfires. To reduce wildfire ignition risks, power system…

We study the problem of a profit maximizing electricity producer who has to pay carbon taxes and who decides on investments into technologies for the abatement of carbon emissions in an environment where carbon tax policy is random and…

A modeling framework is presented to investigate trade-offs among decarbonization from increased low-carbon electricity generation and electrification of heating and vehicles. The model is broadly applicable but relies on high-fidelity…

Disruptions in energy imports, backlash in social acceptance, and novel technologies failing to develop are unexpected events that are often overlooked in energy planning, despite their ability to jeopardize the energy transition. We…