Imperial College London
Portrait Picture

Dr Ajay Gambhir

Faculty of Natural Sciences, The Grantham Institute for Climate Change

Visiting Researcher
 
 
 
//

Contact

 

+44 (0)20 7594 6363a.gambhir

 
 
//

Location

 

Electrical EngineeringSouth Kensington Campus

//

Summary

 

Publications

Citation

BibTex format

@article{van:2022:10.1016/j.oneear.2022.08.008,
author = {van, de Ven D-J and Nikas, A and Koasidis, K and Forouli, A and Cassetti, G and Chiodi, A and Gargiulo, M and Giarola, S and Köberle, AC and Koutsellis, T and Mittal, S and Perdana, S and Vielle, M and Xexakis, G and Doukas, H and Gambhir, A},
doi = {10.1016/j.oneear.2022.08.008},
journal = {One Earth},
pages = {1042--1054},
title = {COVID-19 recovery packages can benefit climate targets and clean energy jobs, but scale of impacts and optimal investment portfolios differ among major economies},
url = {http://dx.doi.org/10.1016/j.oneear.2022.08.008},
volume = {5},
year = {2022}
}
Download

RIS format (EndNote, RefMan)

TY  - JOUR
AB  - To meet the Paris temperature targets and recover from the effects of the pandemic, many countries have launched economic recovery plans, including specific elements to promote clean energy technologies and green jobs. However, how to successfully manage investment portfolios of green recovery packages to optimize both climate mitigation and employment benefits remains unclear. Here, we use three energy-economic models, combined with a portfolio analysis approach, to find optimal low-carbon technology subsidy combinations in six major emitting regions: Canada, China, the European Union (EU), India, Japan, and the United States (US). We find that, although numerical estimates differ given different model structures, results consistently show that a >50% investment in solar photovoltaics is more likely to enable CO2 emissions reduction and green jobs, particularly in the EU and China. Our study illustrates the importance of strategically managing investment portfolios in recovery packages to enable optimal outcomes and foster a post-pandemic green economy.
AU  - van,de Ven D-J
AU  - Nikas,A
AU  - Koasidis,K
AU  - Forouli,A
AU  - Cassetti,G
AU  - Chiodi,A
AU  - Gargiulo,M
AU  - Giarola,S
AU  - Köberle,AC
AU  - Koutsellis,T
AU  - Mittal,S
AU  - Perdana,S
AU  - Vielle,M
AU  - Xexakis,G
AU  - Doukas,H
AU  - Gambhir,A
DO  - 10.1016/j.oneear.2022.08.008
EP  - 1054
PY  - 2022///
SN  - 2590-3322
SP  - 1042
TI  - COVID-19 recovery packages can benefit climate targets and clean energy jobs, but scale of impacts and optimal investment portfolios differ among major economies
T2  - One Earth
UR  - http://dx.doi.org/10.1016/j.oneear.2022.08.008
UR  - https://www.ncbi.nlm.nih.gov/pubmed/36132807
UR  - http://hdl.handle.net/10044/1/100307
VL  - 5
ER  -
Download