Accelerating The Energy Transition

Description

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

Project Leader / Primary Investigator

Prof Cameron Hepburn

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