UCL  IRIS
Institutional Research Information Service
UCL Logo
Please report any queries concerning the funding data grouped in the sections named "Externally Awarded" or "Internally Disbursed" (shown on the profile page) to your Research Finance Administrator. Your can find your Research Finance Administrator at https://www.ucl.ac.uk/finance/research/rs-contacts.php by entering your department
Please report any queries concerning the student data shown on the profile page to:

Email: portico-services@ucl.ac.uk

Help Desk: http://www.ucl.ac.uk/ras/portico/helpdesk
Publication Detail
An expert elicitation of climate, energy and economic uncertainties
  • Publication Type:
    Journal article
  • Publication Sub Type:
    Journal Article
  • Authors:
    Usher W, Strachan N
  • Publication date:
    01/10/2013
  • Pagination:
    811, 821
  • Journal:
    Energy Policy
  • Volume:
    61
  • Status:
    Published
  • Print ISSN:
    0301-4215
Abstract
Critical energy policy decisions rely on expert assessments of key future uncertainties. But existing modelling techniques that help form these expert assessments often ignore the existence of uncertainty. Consequently, techniques to measure these uncertainties are of increasing importance. We use one technique, expert elicitation, to assess six key uncertain parameters with 25 UK energy experts across academia, government and industry. We obtain qualitative descriptions of the uncertain parameters and a novel data set of probability distributions describing individual expert beliefs. We conduct a sensitivity analysis on weights for a linear opinion pool and show that aggregated median beliefs in 2030 are: for oil price $120/barrel (90% CI: 51, 272); for greenhouse gas price $34/tCO2e (90% CI: 5, 256) and for levelised cost of low-carbon electricity 17.1 US cents/kWh (90% CI: 8.3, 31.0). The quantitative results could inform model validation, help benchmark policy makers' beliefs or provide probabilistic inputs to models. © 2013 The Authors.
Publication data is maintained in RPS. Visit https://rps.ucl.ac.uk
 More search options
UCL Researchers
Author
Bartlett School Env, Energy & Resources
University College London - Gower Street - London - WC1E 6BT Tel:+44 (0)20 7679 2000

© UCL 1999–2011

Search by