• Video Energy The new normal- oil prices after the crash
    February 9, 2016

    They did not see it coming and ever since the oil price started its precipitous crash from the $100 level, they have been reeling. The “they” includes investors, company directors and the resource-cursed governments. At first, they expected it to be a tem
  • Publication Communications The new broadband utility and the openreach debate
    January 26, 2016

    The prime Minister has said that we should have, by right, access to fast broadband and it should be thought of like the services for electricity, water, transport and all the other utilities. He is absolutely right, but the implications of treating broad
  • Video Communications The new broadband utility and the openreach debate
    January 26, 2016

    The prime Minister has said that we should have, by right, access to fast broadband and it should be thought of like the services for electricity, water, transport and all the other utilities. He is absolutely right, but the implications of treating broad
  • Video Environment Natural Capital and National Parks
    January 22, 2016

    Presentation for Presentation for Future funding of Parks – what can the UK learn from others?
  • Publication Communications Price setting in regulated utilities and the potential application to the BBC
    January 19, 2016

    The determination of the BBC’s licence fee is the outcome of an opaque and non-transparent process, which contrasts dramatically with that which applies in the case of the regulated utilities. 2. In all the main privatisations from 1984 onwards, the utili
  • Publication Water Flood defence: time for a radical rethink
    January 5, 2016

    Flooding crises tend to follow an established pattern. First, there is immediate help and assistance. Then second, there is a “review”. On occasions, this leads to a third stage of genuine reform, but in most cases “sticking plasters” are applied. These a
  • Video Environment Natural Capital: Valuing the Planet
    October 23, 2015

    Presentation for London School of Economics and Political Science
  • Publication Energy Stranded Assets - a deceptively simple and flawed idea
    October 22, 2015

    The stranded assets argument has an elegant simplicity. Start with a maximum of 2 degrees warming. Work backwards to the total amount of additional carbon dioxide that can be emitted, consistent with this constraint. Compare this with the booked reserves
  • Video Environment Natural Capital, Water and Catchments
    October 1, 2015

    Presentation for CIWEM: Valuing the Environment - Putting Natural Capital into practice
  • Publication Transport What to do about the railways?
    September 22, 2015

    Despite the sharp rise in demand and therefore revenue, it is widely agreed that the railways are in a mess. A significant proportion of the electorate think that renationalisation is the answer, and indeed Network Rail itself has been renationalised. Alt
  • Publication Energy Reforming the FiTs and capacity mechanisms: the 2-stage capacity auction
    September 3, 2015

    Back in 2010, as Energy Market Reform (EMR) was getting going, I proposed a 2-stage auction as a way of combining mechanisms for meeting the carbon targets with the maintenance of a sufficient security margin. The first stage would be open to all, and the
  • Publication Energy The first 100 days of Conservative energy policy
    August 24, 2015

    Amber Rudd, the Secretary of State for Energy and Climate Change, has had a very busy start. She has ended new subsidies for onshore wind, reined back the Green Deal, removed the exemption from tax for renewables, ended the zero-carbon homes plan, removed
  • Publication Energy Penalty tariffs, open-ended regulation and embedding overcharging
    July 20, 2015

    When, in the face of the sustained attacks from Labour’s Ed Miliband and Caroline Flint, OFGEM referred the electricity industry to the Competition and Markets Authority (CMA), many hoped the result would settle the controversies once and for all, restori
  • Video Energy Evaluating the Impact of new Technologies - The end of the traditional utility model
    June 25, 2015

    Presentation for NEM Future Forum 2015
  • Publication Climate Change The Carbon Crunch - Revised and Updated
    June 15, 2015

    Hard hitting analysis of how and why we have failed to tackle climate change, and how we can bridge the gap between aspiration and delivery.
  • Video Environment Introduction to Natural Capital
    May 12, 2015

  • Publication Environment Natural Capital - Valuing the Planet
    May 12, 2015

    A clear, insightful, path breaking account of the crises in global natural capital and what we can do in economic and political terms to reverse the destruction of our environment
  • Publication Water Water Catchment management, abstraction and flooding: the case for a catchment system operator and coordinated competition
    May 7, 2015

    Since 2010 there have been a number of piecemeal reforms and developments across the water sector. These have included: the periodic review of the water and sewerage companies; the provision of further financing for the Environment Agency to address flood
  • Publication Environment In defence of the Green Belt
    April 20, 2015

    A growing band of economists and geographers have been arguing the Green Belt is no longer fit for purpose and that it should be opened up for housing development. The argument is based upon a chain of assertions and purports to be based upon sound econom
  • Publication Regulation Regulatory credibility and the irresistible urge to meddle
    April 16, 2015

    When the great utilities were being privatised, one of the key objectives was to establish a regulatory regime which would be credible to investors and fair to customers. The way it worked was that the companies would be given fixed contracts ex ante, and
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