Environmental Policy Options Workshop

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Organised by Durham University Business School, the Centre for Environmental and Energy Economics and Real Options Group (Organizer of the Annual International Conference on Real Options) the workshop will feature:

• Practical presentations and case applications by experts from leading universities
• Tutorial & featured presentations by global thought leaders
• Two panel discussions by leadings experts
• Roundtable (break-out) discussions where participants choose their area of interest and interact to address key issues & challenges (Climate/Environment Policy or Renewables/Energy Transition)
• Networking reception & dinner, coffee breaks, luncheons to interact in a relaxing atmosphere
• Workshop is provided free to the public (if register by 30 April); networking reception & dinner at St Chad’s College in Durham on 19 July available at cost

Benefits of attending:

• Learn how to make flexible decisions under uncertainty and adapt to climate change
• Deal with climate uncertainty and adaptation to limit downside risks
• Translate organizational plans into forward-looking strategies that enhance stakeholder wealth and public welfare
• Understand and communicate the advantages of an options perspective and forward-looking dynamic thinking compared to standard (cash flow) analysis
• Learn how to structure decisions, policies & agreements to face uncertainty and maintain flexibility
• Learn about successful case applications in Environment Policy & Energy Transition
• Benefit from experiences of leading universities and organizations across the globe
• Consider the benefits and challenges of using real options thinking in your policies
• Meet and interact with international thought leaders and peers

Schedule

Day 1: Wednesday 19 July

ENVIRONMENTAL POLICY

7:45 Registration & Coffee

8:20 Welcome Remarks

8:30 Ecosystem accounting and biodiversity - Alejandro Caparros (Durham University, UK)

9:00 EU Bioeconomies and sustainable development - Justus Wesseler (Wageningen University, Netherlands)

9:30 ROA and the value of improved climate information - Alistair Hunt (University of Bath, UK)

10:00 Incentives via alternative green bonds design - Maximilian Schreiter (HHL, Germany)

10:30 Morning coffee break

11:00 Real Options in Environmental Policy - Yuri Lawryshyn (University of Toronto, Canada)

11:30 Real Environmental (Switching) Options - Dean Paxson (University of Manchester, UK)

12:00 Technology transitions in the presence of uncertain learning curves - Michael Leiblein (Ohio State University, USA)

12:30 – 1:30 Luncheon

1:30 Climate risks, policy financing and debt sustainability - Stavros Zenios (University of Cyprus)

2:00 Measuring the social cost of carbon under uncertainty - Christian Gollier (Toulouse School of Economics, France)

2:30 Afternoon coffee break

2:45 What we know and don’t know about climate change and implications for policy - Robert S. Pindyck (MIT, USA)

3:45 – 5:00 Panel Discussion on Environmental Policy

Moderators: Laura Marsiliani and Lenos Trigeorgis (Durham U., UK)

Panelists include:

Emma Black (Newcastle University & CEO of Cascade, UK)

Alejandro Caparros (Durham University, UK)

Christian Gollier (Toulouse School of Economics, France)

Robert S. Pindyck (MIT, USA)

Julian Williams (Durham University, UK)

Stavros Zenios (University of Cyprus)

5:00 – 5:20 Move to Durham Cathedral (outside the entrance)

5:20 – 6:20 Walk Tour of historic Durham Cathedral, Castle and Palace Green

6:20 – 7:00 Networking reception (drink) at The Quad of St Chad’s College

7:00 – 8:30 Dinner at St Chad’s College dining hall (Moulsdale Hall)

Day 2: Thursday 20 July

ENVIRONMENTAL POLICY OPTIONS

8:30 Welcome & Coffee

9:00 Carbon Reduction Through Industrial Symbiosis - Jacco Thijssen (University of York, UK)

9:30 Climate policy toward carbon reduction and greener cities adaptation - Tine Compernolle (University of Antwerp, Belgium)

10:00 Land use and habitat conservation under uncertainty - Elizabeth Whalley (Warwick University, UK)

10:30 Morning Coffee Break

11:00 ROUNDTABLE DISCUSSIONS

1. Climate/Environment Policy (lead by Yuri Lawrychyn & Alistair Hunt)
2. Renewables/Energy Transition (lead by Laura Marsiliani & Dean Paxson)

12:30 – 1:30 Luncheon

RENEWABLES AND ENERGY TRANSITION

1:30 Alternative Firm Environmental Policies for Energy Transition - Babak Jafarizadeh (University of California at Berkeley, USA)

2:00 Wind to Hydrogen: Toward a Sustainable Economy in England - Mi Tian (University of Exeter, UK)

2:30 Powering the future: Harnessing Brazil's clean energy and green hydrogen potential - Luiz Brandao (PUC-Rio, Brazil and U. of Texas at Austin, USA)

3:00 Afternoon Coffee Break

3:30 Investment incentives in renewable energy - Artur Rodrigues (University of Minho, Portugal)

4:00 Role of subsidies in promoting UK green generating technologies - Roger Adkins (University of Bradford, UK)

4:30 Green investment under subsidy retraction risk - Roel Nagy (University of Antwerp, Belgium)

5:00 – 6:15 Panel Discussion on Environmental Policy

(REAL OPTIONS PERSPECTIVE)

Moderators: Dean Paxson (U. of Manchester) and Lenos Trigeorgis (Durham U., UK)

Panelists include:

Alistair Hunt (University of Bath, UK)

Yuri Lawryshyn (University of Toronto, Canada)

Artur Rodrigues (University of Minho, Portugal)

Elizabeth Whalley (Warwick University, UK)

Closing Remarks