Project Leader / Primary Investigator

Prof Cameron Hepburn

This project considers how to build portfolios of clean energy technologies, with the aim of accelerating the transition to a zero carbon economy. We have obtained a quantitative understanding of the degree to which some technologies improve much faster than others, and how exploiting these differences to properly take technological progress into account can accelerate the green energy transition. This work uses techniques from quantitative finance and statistics to characterise this exploration/exploitation trade-off and find the optimal technically feasible energy technology mix for a fast, low cost transition to a sustainable system. This project is supported by Partners For a New Economy (P4NE)

People: J. Doyne Farmer, François Lafond, Rupert Way, Cameron Hepburn

Recent Publications

Nov 2023
Sensitive intervention points: a strategic approach to climate action
in Oxford Review of Economic Policy
Penny Mealy, Peter Barbrook-Johnson, Matthew Ives, Sugandha Srivastav, Cameron Hepburn
Nov 2023
How are climate policies assessed in emerging economies? A study of ex-ante policy appraisal in Brazil, China, and India
in Climate Policy
Jin Qin, Cormac Lynch, Peter Barbrook-Johnson, Pablo Salas, Guanyu Yang, Michel Ferreira Cardia Haddad, Roberto Pasqualino, Jean-Francois Mercure