Delivering a Low Carbon Electricity System

Technologies, Economics and Policy

Michael Grubb (University of Cambridge), Tooraj Jamasb (University of Cambridge), Michael G. Pollitt (University of Cambridge)

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English

Cambridge University Press
17 July 2008

Environmental economics; Electrical power industries

Series: Department of Applied Economics Occasional Papers

Meeting targets aimed at tackling the climate change challenge requires moving towards a low-carbon economy. These targets can only be met with major reductions in carbon emissions from the electricity sector. Written by a team of leading academics and industry experts, Delivering a Low Carbon Electricity System analyses the social, technological, economic and political issues that affect the attempt to create a low-carbon electricity sector and assesses the main instruments for achieving this aim. The book begins by looking at how low-carbon generation technologies might be added in sufficient quantity to the electricity system. Next, it examines how networks and the demand side can help to decarbonise the sector. It then highlights the role of innovation and discusses instruments for promoting technological progress. Finally, given the economic framework and technological possibilities, it presents a number of general and specific policy instruments and options for the future.

Edited by: Michael Grubb (University of Cambridge), Tooraj Jamasb (University of Cambridge), Michael G. Pollitt (University of Cambridge)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Volume: 68
Dimensions: Height: 235mm, Width: 157mm, Spine: 30mm
Weight: 960g
ISBN: 9780521888844
ISBN 10: 0521888840
Series: Department of Applied Economics Occasional Papers
Pages: 536
Publication Date: 17 July 2008
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Michael Grubb is Chief Economist at the UK Carbon Trust and Senior Research Associate in the Faculty of Economics and at the Electricity Policy Research Group (EPRG), University of Cambridge. He is also Visiting Professor of Climate Change and Energy Policy at Imperial College London. Tooraj Jamasb is Senior Research Associate in the Faculty of Economics and Electricity Policy Research Group (EPRG) at the University of Cambridge. Michael G. Pollitt is Reader in Business Economics at the Judge Business School and Assistant Director of the Electricity Policy Research Group, University of Cambridge. He is also Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge.

Reviews for Delivering a Low Carbon Electricity System: Technologies, Economics and Policy

'Atmospheric greenhouse gas stabilization goals can only be achieved by significantly reducing carbon emissions associated with the generation and use of electricity. This book, written by a group of distinguished economists, provides a comprehensive analysis of the options for doing so in a cost-effective and timely manner. The book's analysis provides an excellent framework to guide UK policies aimed at achieving its carbon reduction goals and can serve as an excellent policy model for other developed countries as well.' Paul L. Joskow, Elizabeth and James Killian Professor of Economics and Management Director, MIT Center for Energy and Environmental Policy Research 'As a path-breaking Climate Change Bill moves through the UK Parliament, it is clear that the electricity system in its widest sense - covering generation, infrastructure and consumers - has a critical role to play in meeting climate policy goals. The trick will be to do so while keeping down costs and ensuring secure supplies. The authors of this comprehensive text show how it can be done. An astute juggling of technology and economics, supported by informed analysis, is essential. This book should be on every energy policy makers reading list.' Jim Skea, Research Director, UK Energy Research Centre