Over a billion people in emerging economies are desperate for power to charge their phones, turn on lights, and run machinery. They pay the equivalent of 5-10x what consumers in developed countries pay for these same services. With improved techno-economics of distributed renewable energy and supportive in-country policies, mini-grids and solar home systems offer solutions that can meet community needs. If $50B/year in capital is mobilized to support enterprises that build and operate these clean energy systems, a new rural utility sector with both recurring and growing revenues will be created. This workshop will outline an ‘Investment Readiness Level’ framework financiers can use to assess the investment climate for geographies that have significant potential.
Cathy Zoi, Co-Founder & President, Odyssey; Precourt Energy Scholar, Stanford University
Cathy Zoi and B.A. Sechrist, Investing in Distributed Renewable Electricity Infrastructure in Emerging Economies: A Framework to Characterize the Investment Readiness Level (IRL) of a Geography (pdf)
A U.S. federal revenue-neutral carbon tax and dividend may have the scale and political durability required to transition to cleaner energy. Workshop leaders Jeremy Carl and David Fedor will ask participants to comment on carbon dividend politics and policy broadly, a carbon tax's implications for investors, as well as comment on the new paper by Carl and Fedor on the topic. Participants will also be invited to suggest areas for future research at Stanford.
Jeremy Carl, Research Fellow, Hoover Institution
David Fedor, Research Analyst, Shultz-Stephenson Task Force on Energy Policy, Hoover Institution
Jeremy Carl and David Fedor, Carbon Dividends in the Trump Era - Investor and Political Implications (pdf)
Future energy systems will require greatly increased flexibility to accommodate more renewable energy. Supplies will be less controllable, requiring greater modulation of demand. The integration of information technology with energy technology is key to achieving this. What business models will support investment in the information systems, controls and management of electricity markets? What pricing mechanisms support the most equitable and economically-efficient grid? Led by Arun Majumdar and Sila Killicote, this workshop will invite participants to weigh in on these critical questions.
Sila Kiliccote, Managing Director, Grid Innovations at Stanford; Staff Scientist, Grid Integration, Systems and Mobility at SLAC National Accelerator Laboratory
Arun Majumdar, Professor, Mechanical Engineering; Co-Director, Precourt Institute for Energy, Stanford University
Holger Teichgraeber, Adam R. Brandt, Identifying and Evaluating New Market Opportunities with Capacity Expansion Models (pdf)
If the world shifts to increasingly decarbonized, climate-resilient economies, what products, projects and organizational structures will deliver superior risk-adjusted returns? What do investors need in order to address and capitalize on climate risk? Led by Ashby Monk and Dan Reicher, this workshop will cover the themes of the solution paper "Catalyzing Long-Term Private Capital into Clean Energy Innovation" and the framing paper "Derisking Decarbonization: Making Green Energy Investments Blue Chip.” Participants will be invited to answer the questions above and share feedback on both papers.
Jeffrey D. Brown, Research Fellow, Steyer-Taylor Center for Energy Policy and Finance; Lecturer in Management, Stanford Graduate School of Business
Ashby Monk, Executive Director, Steyer-Taylor Center for Energy Policy and Finance; Lecturer, Stanford Law School
Dan Reicher, Executive Director, Steyer-Taylor Center for Energy Policy and Finance, Stanford University
Dan Reicher, Jeff Brown, David Fedor, Jeremy Carl, Alicia Seiger, Jeffrey Ball, and Gireesh Shrimali, Derisking Decarbonization: Making Green Energy Investments Blue Chip (pdf)
Soh Young In, Ashby Monk, and Raymond Levitt, An Integrated Control Tower: Unlocking Long-Term Investment Capital for Clean Energy Innovation (pdf)
The global effort to accelerate decarbonization will be won or lost not in the United States or Europe but in the world’s major emerging economies - particularly in China and India. Led by Jeffrey Ball and Gireesh Shrimali, this workshop will explore the barriers to scaling up decarbonization significantly in these two markets and potential ways to overcome these barriers. While this workshop will focus on China and India, attendees with expertise in other emerging economies are encouraged to join. Participants will share insights and experiences, suggest areas of future research, and critique Ball’s and Shrimali’s solution papers.
Jeffrey Ball, Scholar-in-Residence, Steyer-Taylor Center for Energy Policy and Finance; Lecturer, Stanford Law School
Gireesh Shrimali, Faculty Fellow, Steyer-Taylor Center for Energy Policy and Finance, Stanford University
Jeffrey Ball and Dan Reicher, Loosening the Logjam: Enabling More-Efficient Clean-Energy Finance in China (pdf)
Gireesh Shrimali and Dan Reicher, Instruments to Mitigate Financial Risk in Indian Renewable Energy Investments (pdf)