The Policy, Economics and Risk theme encompasses research in the Faculty of Economics, Judge Business School, Department of Land Economy, Department of Geography and the Faculty of Law, among other institutions and focuses on the following areas:
Economics and policy includes the analysis of decarbonisation, energy security and affordability of energy with particular reference to the operation of gas and electricity markets. The Energy Policy Research Group is particularly active in this area and their key areas of work include regulation and markets , technology and innovation, governance and politics, and climate change policy.
The Cambridge Centre for Climate Change Mitigation Research (4CMR) undertakes interdisciplinary work directed towards the scholarly study of the interactions between energy, environmental and economic systems as these relate to the challenge of reducing the risks from climate change, primarily through mitigation.
The study of risk includes energy infrastructure investments, energy security and regulation, and how to embed these risks into project planning and market structures.
Please visit individual faculty profiles to learn more about their research in the Policy, Economics and Risk theme. The Energy Lead for Policy, Economics and Risk is Professor Michael Pollitt.
People specializing in this area
Research focuses on secondary health benefits of low carbon energy trajetcories; climate change risk mitigation policy assessment; risk-based decision making; decisions under uncertainty.
Analysing the impact of different types of policies (including public R&D investments, specific R&D funding mechanisms, national laboratories, public procurement, public-private partnerships) on energy technology improvements and firm outcomes, with emphasis on startups. Incorporating technology uncertainty into different types of energy policy decision-making.
Estimating the value of different energy technologies. Understanding the relationship between expert survey design and expert background on technical expert’s expectations about the future of energy technologies—improving expert elicitation techniques.
Sustainable Development in European and International Law
European Environmental Law
Peter Guthrie's research includes decision making towards sustainable development in infrastaructure, and energy efficiency in the built environment.
Integrated Assessment Modelling of Climate Change
Environmental Law, Climate Change Policy
Electricity market design, transmission pricing, carbon pricing and markets
Economics of energy and climate policy; competition in energy services; competition in and across energy networks
Investment risk in electricity generation capacity
Modelling security of supply
energy prices and politics; national climate change policies, policy design; public perceptions of energy technologies, regulatory policy; competition policy; science policy and communicating science and technology.
Role of science and technology in environmental policy
Sustainable building policies, a comparative analysis of European countries
Working through and implementing government policies, funding and risk (along with navigating corruption, in some instances) in effecting new energy technologies and strategies comprise a good deal of the architect and planner's research focus.
The risk assessment for the energy transition to more competitive markets at the distribution level and the implications new market constructs could have on energy security issues.