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Stranded fossil-fuel assets translate into major losses for investors in advanced economies
The distribution of ownership of transition risk associated with stranded fossil-fuel assets remains poorly understood. We calculate that global stranded assets as present value of future lost profits in the upstream oil and gas...
Environmental and health impacts of atmospheric CO2 removal by enhanced rock weathering depend on nations’ energy mix
AbstractEnhanced Rock Weathering is a proposed Carbon Dioxide Removal technology involving the application of crushed silicate rocks, such as basalt, to agricultural soils with potential...
Stranded fossil-fuel assets translate into major losses for investors in advanced economies
The distribution of ownership of transition risk associated with stranded fossil-fuel assets remains poorly understood. We calculate that global stranded assets as present value of future lost profits in the upstream oil and gas...
The economic consequences of Brexit
MG Pollitt
Apr 06, 2017
In this paper we raise a number of issues that are important for the UK to consider in the light of its decision to leave the European Union (EU). The first of these is the nature of the EU Single Market in Electricity and Gas...
A global carbon market?
Michael G. Pollitt
Jul 11, 2020
Abstract: This paper explores the prospects for a global carbon market as the centerpiece of any serious attempt to reach the ambitious goal for greenhouse gas (GHG) reductions set by climate scientists. My aim is to clarify the...
Why and how to subsidise energy R+D
T Jamasb, MG Pollitt
Apr 28, 2015
The UK electricity sector liberalisation was a pioneer in the worldwide reform trend and its reform model and outcomes have been the subject of many studies. However, lesser known are the effects of privatisation, market based...
The Role of Regulators in Promoting the Procurement of Flexibility Services within the Electricity Distribution System
This paper identifies and explores regulatory issues that may have an impact on the use of flexibility services by distribution utilities to solve grid constraints. This can be done by flexible distributed energy resources which...
Cost trajectories of low carbon electricity generation technologies in the UK
PG Levi, MG Pollitt
Aug 03, 2015
Cost uncertainty has latterly come to be presented in the UK's Department of Energy and Climate Change (DECC) Levelised Cost of Electricity (LCOE) estimates using sensitivities; 'high' and 'low' figures are presented alongside...
A firm level analysis of outage loss differentials and self-generation
MO Oseni, MG Pollitt
Nov 10, 2015
This study examines the outage loss differential between firms that engage in backup generation and those that do not. Unmitigated outage losses were estimated to be US$2.01–US$23.92 per kWh for firms engaging in...
Can current electricity markets cope with high shares of renewables? A comparison of approaches in Germany, the UK and the State of New York
MG Pollitt, KL Anaya
Dec 21, 2015
This paper looks at the empirical and theoretical background to high shares of renewables in the electricity system. First we examine what is meant by "high shares" of renewables; next we consider what we mean by electricity...
How to procure flexibility services within the electricity distribution system
KL Anaya, MG Pollitt
Aug 13, 2021
The aim of this paper is to analyse and evaluate the deployment of smart platforms (operated by distribution system operators—DSOs—or by independent parties) in key jurisdictions that facilitate the trading of flexibility...
How to Procure Flexibility Services within the Electricity Distribution System
The aim of this paper is to analyse and evaluate the deployment of smart platforms (operated by distribution system operators—DSOs—or by independent parties) in key jurisdictions that facilitate the trading of flexibility...
A Historical Review of Immersive Storytelling Technologies
This chapter is focused on describing the history and the current relevance of user experience (UX) techniques that combine data science and AI in the research field of interactive and immersive storytelling, including virtual...
The prospects for smart energy prices
MO Oseni, MG Pollitt
Aug 03, 2017
This study focuses on how energy and communications have evolved over the last 50 years and what we can learn from history in order to examine the prospects for smart energy pricing by 2050. We begin by discussing the nature of...
Seeing Justice Done
There has been a global shift towards courtroom broadcasting in a bid to extend the public gallery into a virtual realm. Such initiatives tend to be based on the idea that transmitting the courtroom boosts transparency, and with...

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