Title: Infrastructure, Investment and the Low Carbon Transition
Abstract: Infrastructures have a key role to play in the delivery of energy services in a sustainable and reliable manner. Infrastructure investment however presents a challenge because distributing the costs and benefits of investing in and maintaining a reliable energy system is not straightforward. There are a number of important issues which need to be addressed such as the allocation of risk between investors and energy customers and the degree to which today's customers should pay for an energy system which will be enjoyed by customers long into the future. A number of solutions have been adopted throughout the years; for example, during the period of nationalised infrastructures in the UK, costs and risks were socialised as part of centrally planned public investment programmes. The subsequent restructuring of the energy sector saw private investors being exposed to market signals and the associated risk of making bad investments.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 9
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