Critical mid-term uncertainties in long-term decarbonisation pathways

Will Usher and Neil Strachan

Energy Policy, 2012, vol. 41, issue C, 433-444

Abstract: Over the next decade, large energy investments are required in the UK to meet growing energy service demands and legally binding emission targets under a pioneering policy agenda. These are necessary despite deep mid-term (2025–2030) uncertainties over which national policy makers have little control. We investigate the effect of two critical mid-term uncertainties on optimal near-term investment decisions using a two-stage stochastic energy system model.

Keywords: Energy system modelling; Uncertainty; Stochastic programming (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (38)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:41:y:2012:i:c:p:433-444

DOI: 10.1016/j.enpol.2011.11.004

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