This post is by Jonathan Bosch, research postgraduate at the Grantham Institute, Imperial College London.
The internal electricity market (IEM) is one of the major achievements of the European single market, allowing electricity to be traded and transmitted seamlessly across national borders. The UK has played a crucial role in the IEM’s development, working with EU energy regulatory agencies to help achieve ‘market coupling’, whereby power station operation and interconnection capacity are allocated simultaneously to achieve more efficient outcomes. The IEM relies on the physical interconnection infrastructure across the continent, and current plans see an expansion of interconnection between the UK and the European mainland in the coming years.
This post is by Michael Jacobs and Ipek Gençsü. Michael is visiting professor at the Grantham Research Institute on Climate Change and the Environment at the LSE and senior adviser to the New Climate Economy project. Ipek is research and engagement co-ordinator at the New Climate Economy project. This post was originally published by the Grantham Research Institute, LSE.
The Paris agreement provides a remarkably strong basis for future global action on climate change. Going into the COP21 conference, many commentators believed that the result would be a minimalist ‘lowest common denominator’ agreement at worst, a fudged compromise at best. In fact the agreement lies at almost the highest level of ambition that could possibly have been achieved. It is underpinned by a sophisticated understanding of how political and economic change occurs. Read more
Our series of seminars with economic experts kicked off last July with a discussion on green growth with Dimitri Zenghelis, co-head of climate policy at the Grantham Research Institute at the LSE.
In our discussion I took the role of a sceptic, looking at critiques of the notion of green growth from different perspectives, ie environmental: challenging the need for growth; and economic: whether greening policies will actually stymie growth. In response Dimitri took the role of a proponent, making the positive case for how we can grow our economy and be green at the same time, so that green growth need not be an oxymoron. (1.55 mins) Read more