News Item
Multidisciplinary Sciences
Holly Else
Summary: Researchers are preparing for tense weeks ahead as Europe intensifies research negotiations.
News Item
Multidisciplinary Sciences
Lilly Tozer, Katharine Sanderson, Nisha Gaind, Layal Liverpool, Miryam Naddaf, Emma Stoye
Summary: The article explores the research agreements between the United Kingdom and European Union, which were brokered through seven years of rollercoaster negotiations.
News Item
Multidisciplinary Sciences
Holly Else
Summary: This article examines the possibility of the United Kingdom leaving the European Union's science-funding programmes and explores alternative options.
Article
Economics
Swati Dhingra, Thomas Sampson
Summary: This article reviews the realized economic effects of Brexit and finds that the Brexit referendum had large negative effects on the UK economy, including higher import and consumer prices, lower investment, and slower real wage and GDP growth. However, at the aggregate level, there was little or no trade diversion away from the European Union due to Brexit.
ANNUAL REVIEW OF ECONOMICS
(2022)
Article
Multidisciplinary Sciences
Stephen P. Holland, Matthew J. Kotchen, Erin T. Mansur, Andrew J. Yates
Summary: This paper provides estimates of marginal CO2 emissions from US electricity generation using the most comprehensive data, showing that while average emissions have decreased, marginal emissions have increased due to a shift toward greater reliance on coal. The research also highlights that the increase in electric vehicles may be offset by the emissions from the electricity sector if not significantly transformed.
PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA
(2022)
Article
Economics
Jean McHale, Elizabeth M. Speakman, Tamara Hervey, Mark Flear
Summary: Brexit has significant implications for UK healthcare, requiring a multilevel governance approach to address the challenges. Understanding the diverse impacts on healthcare in devolved nations and various aspects of health governance is crucial in navigating the post-Brexit landscape.
Article
Economics
Alejandro G. Graziano, Kyle Handley, Nuno Limao
Summary: The study found that an increase in the probability of Brexit reduces bilateral export values between EU and UK. Exporters from both sides did not believe a trade war was likely to occur.
Article
Business, Finance
Tarek A. Hassan, Stephan Hollander, Laurence Van Lent, Ahmed Tahoun
Summary: This study proposes a text-based method to measure the cross-border propagation of large shocks at the firm level. Applying this method to examine the impacts of Brexit, it finds widespread reverberations in listed firms across 81 countries. International firms, particularly those outside the UK, experienced significant market value loss and reduced hiring and investment due to Brexit uncertainty. These firms also anticipated negative effects from the UK's decision to leave the European Union, primarily related to regulation, asset prices, and labor market impacts.
JOURNAL OF FINANCE
(2023)
Article
Economics
Michael G. Pollitt
Summary: This paper discusses the changes in the UK energy sector since the Brexit referendum in 2016, as well as the impact of Brexit on the UK electricity and gas systems. The author points out that the impact on electricity is likely to be larger than that on gas, but the overall economic impact appears to be moderate.
OXFORD REVIEW OF ECONOMIC POLICY
(2022)
Editorial Material
Political Science
Geoffrey Dudley, Andrew Gamble
Summary: The Westminster Model (WM) is still the dominant force in UK post-Brexit policy-making, with little willingness from the UK Government to share power with devolved administrations and external interests. Brexit implementation has faced challenges due to the complications within the WM and numerous crises within the governing Conservative Party. The case studies show that the complexity of tracking EU legislation while portraying the UK as having "taken back control" and pursuing a "Global Britain" strategy has led to ad hoc and unpredictable Brexit policy-making.
JOURNAL OF EUROPEAN PUBLIC POLICY
(2023)
Article
Political Science
Neil Dooley
Summary: This paper discusses the significance of Ireland and Northern Ireland in Brexit negotiations and explores how conflicting policy styles impacted the outcome of the negotiations. The paper suggests that Ireland's deliberative approach contributed to its negotiating success, while British approaches to Ireland were relatively ineffective.
JOURNAL OF EUROPEAN PUBLIC POLICY
(2023)
Article
Multidisciplinary Sciences
Vassilis M. Charitopoulos, Mathilde Fajardy, Chi Kong Chyong, David M. Reiner
Summary: Britain has made progress in reducing emissions, but has lagged behind in decarbonizing the heat sector. With domestic heat accounting for a significant portion of emissions, achieving net-zero by 2050 requires urgent action. Electrification has been identified as one of the main pathways, and an optimization model shows that a 100% electrification pathway can be achieved with minimal increase in generation capacity by utilizing thermal energy storage technologies.
Article
Economics
Nicholas Crafts
Summary: This article reviews the implications of the EU-UK Trade and Cooperation Agreement (TCA) on subsidy control. The controls will be less strict than under the EU state aid regime, but tighter than with no deal and WTO rules. The UK will establish a subsidy control authority to oversee the application of broad principles set out in the TCA. However, the government has chosen to adopt a politicized approach to subsidy policy.
OXFORD REVIEW OF ECONOMIC POLICY
(2022)
Article
Agricultural Economics & Policy
Hyung Sik Choi, Torbjorn Jansson, Alan Matthews, Klaus Mittenzwei
Summary: This study examines four different future trade scenarios, indicating that regardless of the form of future trade relationship, disruptions will occur in agricultural markets. Food prices in the UK will increase while the EU benefits from declining food prices, however, the loss in farmers' incomes and the UK's EU CAP contribution will outweigh the gains for consumers.
JOURNAL OF AGRICULTURAL ECONOMICS
(2021)
Article
Economics
Paul Simshauser
Summary: The restructuring of Australia's electricity supply industry in the 1990s resulted in the emergence of two distinct business lines, namely regulated utilities and merchant utilities. Over the past decade, the Australian Energy Regulator tightened regulations on Opex and Capex allowances, with regulated utilities arguing that their rates of return were sub-optimal. This article analyzes the earnings, dividends, and market valuations of Australia's ASX-listed regulated and merchant utilities from 2007 to 2021 and finds that regulated utilities have shown more stable earnings and outcomes consistent with the lifecycle theory of dividend policy.
ECONOMIC ANALYSIS AND POLICY
(2023)
Article
Economics
Matthew Lockwood
Article
Environmental Sciences
Matthew Lockwood
ENVIRONMENTAL INNOVATION AND SOCIETAL TRANSITIONS
(2016)
Article
Economics
Joseph Dutton, Matthew Lockwood
Article
Energy & Fuels
Matthew Lockwood, Catherine Mitchell, Richard Hoggett, Caroline Kuzemko
Article
Economics
Matthew Lockwood, Catherine Mitchell, Richard Hoggett
Article
Environmental Studies
Matthew Lockwood
Summary: This article analyzes the origins and effects of UK climate governance, emphasizing the relationships between politics and climate institutions. Three key themes are discussed: the importance of recognizing the parallel climate governance architecture provided by the European Union, understanding UK climate governance within a broader political and institutional context, and the implications of the design and evolution of the UK climate governance framework on addressing governance challenges.
ENVIRONMENTAL POLITICS
(2021)
Article
Environmental Studies
Matthew Lockwood
Summary: This paper discusses the solutions to the credible commitment problem in climate change policy. It suggests that while legislation and delegation work well in countries with majoritarian electoral systems, countries with proportional representation may benefit more from political agreements between parties. Both approaches have been effective, but with different mechanisms for resolving conflicts.
Article
Environmental Studies
Matthew Lockwood, Catherine Mitchell, Richard Hoggett
ENERGY RESEARCH & SOCIAL SCIENCE
(2019)
Article
Political Science
Matthew Lockwood, Antony Froggatt
POLITICAL QUARTERLY
(2019)
Review
Environmental Studies
Cameron Roberts, Frank W. Geels, Matthew Lockwood, Peter Newell, Hubert Schmitz, Bruno Turnheim, Andy Jordan
ENERGY RESEARCH & SOCIAL SCIENCE
(2018)
Article
Environmental Studies
Caroline Kuzemko, Catherine Mitchell, Matthew Lockwood, Richard Hoggett
ENERGY RESEARCH & SOCIAL SCIENCE
(2017)
Article
Environmental Studies
Matthew Lockwood, Caroline Kuzemko, Catherine Mitchell, Richard Hoggett
ENVIRONMENT AND PLANNING C-POLITICS AND SPACE
(2017)
Article
Environmental Studies
Caroline Kuzemko, Matthew Lockwood, Catherine Mitchell, Richard Hoggett
ENERGY RESEARCH & SOCIAL SCIENCE
(2016)
Article
Environmental Studies
Matthew Lockwood
ENVIRONMENTAL POLITICS
(2018)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.
