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Delivering a Low Carbon Electricity System Technologies, Economics and Policy by Michael (University of Cambridge) Grubb

Delivering a Low Carbon Electricity System Technologies, Economics and Policy

Part of the Department of Applied Economics Occasional Papers Series


Delivering a Low Carbon Electricity System Technologies, Economics and Policy by Michael (University of Cambridge) Grubb

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.


'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, 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, UK Energy Research Centre

About the Author

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.

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Book Info

Publication date

1st May 2008


Michael (University of Cambridge) Grubb

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Cambridge University Press


536 pages


Environmental economics
Electrical power industries



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