Energy

On 24 and 25 November 2016 experts from politics and academia, including FDP Executive director Cathryn Clüver, discussed the impact of Brexit on several policy areas in a series of workshops at the Hertie School of Governance in Berlin. All events took place under Chatham House rules.

Many energy consumers, and even analysts and policymakers, confront and frame energy and climate risks in a moral vacuum, rarely incorporating broader social justice concerns. Here, to remedy this gap, we investigate how concepts from justice and ethics can inform energy decision-making by reframing five energy problems — nuclear waste, involuntary resettlement, energy pollution, energy poverty and climate change — as pressing justice concerns.

"Given the existing low-cost competition in a no-growth market, renewable developers face tough investment challenges absent new policies. A carbon tax could substantially increase market demand for renewable power and encourage the retirement of pollution-intensive coal-fired power plants."

The authors examine the effect of real energy prices and a simulated carbon price on production and net imports. They find modest adverse competitiveness effects for energy-intensive industries.

The international agreement on greenhouse gas emissions and climate change to be determined in Paris in December 2015 is “the greatest opportunity the world has had in 20 years to make meaningful progress on this exceptionally challenging issue,” Harvard Project on Climate Agreements (HPCA) Director Robert Stavins said in a Boston Globe op-ed in September. Stavins was in New York City during the week of the United Nations Climate Summit, which included numerous side events and a march that attracted several hundred thousand Americans calling for serious climate actions.

Characterizing the future performance of energy technologies can improve the development of energy policies that have net benefits under a broad set of future conditions. In particular, decisions about public investments in research, development, and demonstration (RD&D) that promote technological change can benefit from (1) an explicit consideration of the uncertainty inherent in the innovation process and (2) a systematic evaluation of the tradeoffs in investment allocations across different technologies. To shed light on these questions, over the past five years several groups in the United States and Europe have conducted expert elicitations and modeled the resulting societal benefits. In this paper, the authors discuss the lessons learned from the design and implementation of these initiatives.