The University of Massachusetts Amherst
University of Massachusetts Amherst

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Wind Energy Seminar Series: "Making Energy R&D Investment decisions under Deep Uncertainty"

Date/Time: 

Thursday, March 4, 2021 - 4:00pm

Presenter: 

Franklyn Kanyako

Location: 

Zoom

Details: 

In the face of uncertainty in technological change and the diverse modelling approaches employed to provide insights to decision makers about Energy R&D investment, it is unclear how much R&D investment should be allocated across a range of low carbon energy technologies to decarbonize the energy sector.  In this work, we incorporate parametric and structural uncertainties from technological change and modelling frameworks to identify non-dominated portfolios of energy technology that are robust across multiple models and beliefs about energy R&D investment. Robustness across multiple models is necessary in the robust assessment of the future socioeconomic value of technological improvements, especially if common ground can be found across experts and models.