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Real Options Theory and EU Member States Energy Investment Strategies

Ethimiadis, T.; Mavridis, D.; (2015) Real Options Theory and EU Member States Energy Investment Strategies. In: Dolan, T. and Collins, B., (eds.) International Symposium for Next Generation Infrastructure Conference Proceedings: 30 September - 1 October 2014 International Institute of Applied Systems Analysis (IIASA),Schloss Laxenburg, Vienna, Austria. (pp. pp. 89-92). UCL STEaPP: London, UK. Green open access

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Abstract

According to the European Commission’s latest energy and climate proposals (“Europe 2030”), Member States will be obliged to draft National Action Plans for competitive, secure and sustainable energy. In particular, these plans need to simultaneously address issues of achieving domestic objectives regarding renewable energy, energy savings, energy security, research and innovation, greenhouse gas emissions, nuclear energy, shale gas, carbon capture and storage, European Union level climate and energy objectives etc. Furthermore, coordination with neighboring Member States as well as regional effects will also have to be taken into consideration. Drafting these medium and long-term plans may be a challenging task for the Member States, especially given the uncertainties that the energy sector faces. In this paper, we examine how real options theory can be utilized to formulate these national plans, especially the underlying Member State energy investment strategies, through illustrative examples.

Type: Proceedings paper
Title: Real Options Theory and EU Member States Energy Investment Strategies
Event: International Symposium for Next Generation Infrastructure Conference (ISNGI 2014)
Location: International Institute of Applied Systems Analysis (IIASA), Schloss Laxenburg, Vienna, Austria
Dates: 30 September - 1 October 2014
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ucl.ac.uk/steapp/isngi/proceedings
Language: English
Keywords: Infrastructure, Investments, Energy, Finance, Real Options
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > STEaPP
URI: https://discovery.ucl.ac.uk/id/eprint/1469289
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