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Critical mid-term uncertainties in long-term decarbonisation pathways

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  • Usher, Will
  • Strachan, Neil

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.

Suggested Citation

  • Usher, Will & Strachan, Neil, 2012. "Critical mid-term uncertainties in long-term decarbonisation pathways," Energy Policy, Elsevier, vol. 41(C), pages 433-444.
    • Handle: RePEc:eee:enepol:v:41:y:2012:i:c:p:433-444
    DOI: 10.1016/j.enpol.2011.11.004
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