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| 1 |
ID:
177305
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| 2 |
ID:
175910
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| Summary/Abstract |
Amid rapid changes to energy systems around the world, there has been ongoing debate regarding incumbent actors' ability to respond to disruptive forces. This paper investigates the corporate strategies of the UK's large vertically integrated energy companies (the ‘Big Six’) between 2008 and 2016. Four of these companies are part of international groups, with parent companies in Germany, France and Spain. By analysing data from publicly available documents and a small number of key informant interviews with current and former decision-makers within Big Six companies and other stakeholders, this paper assesses their responses to three potentially disruptive changes to the UK's electricity sector: decarbonisation, decentralisation and digitalisation. Each of the Big Six have taken significant steps towards decarbonisation, with some progressing faster than others. Most have remained committed to centralised generation investments, and a couple have made early moves towards digital retail products and services but with limited impact thus far. The authors conclude that the UK's incumbent electricity firms have shown that they are able to adapt given strong policy incentives. Policy-makers should continue to set ambitious targets for the electricity sector, while taking into account the role of international parent companies in driving a broader strategy.
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| 3 |
ID:
092734
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2009.
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| Summary/Abstract |
The aim of this paper is to explore the extent to which the construction of new nuclear power plants in the UK can safeguard or enhance energy security. The paper starts with a discussion of energy security, and breaks it down into four main categories of threat. These include threats due to fossil fuel scarcity and external disruptions, problems due to a lack of investment in infrastructure, threats due to technology or infrastructure failure, and risks due to domestic activism or terrorism. The paper then discusses one of the most common strategies put forward to improve security-the promotion of diversity within energy systems. Following this, the paper assesses the potential for new nuclear investment to ameliorate security threats in each of the four categories introduced earlier in the paper. The paper concludes that whilst nuclear investment can help to mitigate some threats to UK energy security, the government's case for supporting this investment ignores some equally important security issues. As a result, the energy security case for nuclear power has not yet been made.
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| 4 |
ID:
096720
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2010.
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| Summary/Abstract |
China's growing demand for energy - and its dependence on coal - has seen its carbon emissions increase more than 50% since 2000. Within the debate about mitigating global climate change, there is mounting pressure for emerging economies like China to take more responsibility for reducing their carbon emissions within a post-2012 international climate change policy framework. For China, this leads to fundamental questions about how feasible it is for the country to shift away from its recent carbon intensive pattern of growth. This paper presents some general results of scenarios that have been developed to investigate how China might continue to develop within a cumulative carbon emissions budget. The results show how changes in the key sectors of the Chinese economy could enable China to follow four different low carbon development pathways, each of which complies with a cumulative emissions constraint. Each scenario reflects different priorities for governmental decision making, infrastructure investments and social preferences. Having compared the key features of each scenario, the paper concludes with some implications for Chinese government policy.
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| 5 |
ID:
097513
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2010.
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| Summary/Abstract |
China's growing demand for energy - and its dependence on coal - has seen its carbon emissions increase more than 50% since 2000. Within the debate about mitigating global climate change, there is mounting pressure for emerging economies like China to take more responsibility for reducing their carbon emissions within a post-2012 international climate change policy framework. For China, this leads to fundamental questions about how feasible it is for the country to shift away from its recent carbon intensive pattern of growth. This paper presents some general results of scenarios that have been developed to investigate how China might continue to develop within a cumulative carbon emissions budget. The results show how changes in the key sectors of the Chinese economy could enable China to follow four different low carbon development pathways, each of which complies with a cumulative emissions constraint. Each scenario reflects different priorities for governmental decision making, infrastructure investments and social preferences. Having compared the key features of each scenario, the paper concludes with some implications for Chinese government policy.
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