Related papers: Strategic Investment to Mitigate Transition Risks
The issue of climate change has become increasingly noteworthy in the past years, the transition towards a renewable energy system is a priority in the transition to a sustainable society. In this document, we explore the definition of…
Existing quadrupedal locomotion learning paradigms usually rely on extensive domain randomization to alleviate the sim2real gap and enhance robustness. It trains policies with a wide range of environment parameters and sensor noises to…
Conditional risk minimization arises in high-stakes decisions where risk must be assessed in light of side information, such as stressed economic conditions, specific customer profiles, or other contextual covariates. Constructing reliable…
To decarbonize the economy, many governments have set targets for the use of renewable energy sources. These are often formulated as relative shares of electricity demand or supply. Implementing respective constraints in energy models is a…
In power systems, the risk of wildfire ignition has increased significantly in recent years. The impact and severity of these events on energy dispatch, as well as their societal ramifications, make wildfire prevention critical for power…
In recent years, the economic policy of privatization, which is defined as the transfer of property or responsibility from public sector to private sector, is one of the global phenomenon that increases use of markets to allocate resources.…
Transitioning from coal to clean energy, such as nuclear and renewables, is essential for mitigating climate change, improving air quality, and ensuring sustainable energy security. Reducing reliance on coal lowers greenhouse gas emissions…
Distributed energy trading and carbon asset management involve high-frequency, small-value settlements with strong audit requirements. Fully on-chain designs incur excessive cost, while purely off-chain approaches lack verifiable…
In recent years economics agents and systems have became more and more interacting and juxtaposed, therefore the social sciences need to rely on the studies of physical sciences to analyze this complexity in the relationships. According to…
In this study, we will discuss recent developments in risk management of the global financial and insurance business with respect to sustainable development. So far climate change aspects have been the dominant aspect in managing…
Emissions markets play a vital role in emissions reduction by incentivizing firms to minimize costs. However, their effectiveness heavily depends on the decisions of policymakers, future economic activity, and the availability of abatement…
Social tipping points are promising levers to achieve net-zero greenhouse gas emission targets. They describe how social, political, economic or technological systems can move rapidly into a new state if cascading positive feedback…
Planning the defossilization of energy systems by facilitating high penetration of renewables and maintaining access to abundant and affordable primary energy resources is a nontrivial multi-objective problem. However, so far, most…
Firms should keep capital to offer sufficient protection against the risks they are facing. In the insurance context methods have been developed to determine the minimum capital level required, but less so in the context of firms with…
This study develops a multi-factor framework where not only market risk is considered but also potential changes in the investment opportunity set. Although previous studies find no clear evidence about a positive and significant relation…
Assessing provincial carbon budgets for residential building operations is a crucial strategy for advancing China's net-zero ambitions. This study develops an advanced assessment framework that integrates static and dynamic modeling to…
The decarbonisation of the energy system is crucial for achieving climate goals and is inherently linked to the decarbonisation of industry. Despite this, few studies explore the simultaneous impacts of decarbonising both sectors. This…
An increasing number of electric loads, such as hydrogen producers or data centers, can be characterized as carbon-sensitive, meaning that they are willing to adapt the timing and/or location of their electricity usage in order to minimize…
California has committed to ambitious decarbonization targets across multiple sectors, including decarbonizing the electrical grid by 2045. In addition, the medium- and heavy-duty truck fleets are expected to see rapid electrification over…
Intermittent renewable energies are increasingly dominating electricity grids and are forecasted to be the main force driving out fossil fuels from the grid in most major economies until 2040. However, grids based on intermittent renewables…