The London School of Economics (LSE) and nuclear technology specialist newcleo have signed a five-year partnership to conduct advanced research into the economics of energy policy.
The initial interim findings will be published next year and will assist governments across the world in making evidence-based policy decisions on how best to deliver efficient approach to clean and safe sustainable energy solutions.
LSE will explore the economic benefits of technological innovation in facilitating the energy transition, driving clean economic growth and creating the good jobs of the future. This partnership – the first of its kind for the LSE – is hoped will build a strong understanding of the most economically beneficial clean energy sources, as ongoing geopolitical events also continue to accelerate the need for both diversification and security of supply.
This long-term partnership will see newcleo support energy economics research and impact at LSE, with funding worth EUR 1 million (£900,000) over five years.
The agreement includes the appointment of three new postdoctoral Fellows in LSE’s Department of Geography and Environment, who will focus on critical areas of study, such as the economics of the energy transition; the economics of decarbonisation; the role of nuclear energy in achieving a sustainable energy landscape; energy market reform, and the geopolitics of energy supply and fossil fuel markets.
While LSE has world-leading programmes around the economics of climate change and the environment (for example, through the Department of Geography and Environment and Grantham Research Institute), this groundbreaking new partnership will boost the LSE’s capacity in the burgeoning field of energy economics. B
Both parties said that this is an area of the social sciences gaining increasing focus, as policy-makers prioritise and shape the energy transition and secure a path to ‘net zero’ emissions.
Key objectives of the agreed activities include the strengthening of LSE’s programmes on the economics of environmental, climate, and energy policy, which create policy-relevant research, and support for the next generation of researchers in energy economics.
Welcoming the partnership, professor Susana Mourato, LSE vice president and pro-vice chancellor (Research) said: “We are delighted to join forces with newcleo, a company at the forefront of nuclear energy innovation. The social sciences have a key role to play to ensure an effective transition to sustainable, clean and affordable energy solutions, so that future economic growth does not come at the cost of climate and environment.”
“This partnership aligns perfectly with LSE’s commitment to address global challenges through impactful social science research and collaboration. It presents a unique opportunity to develop new talent and cutting-edge research, supported by our renowned faculty and the expertise of the newcleo team, and bringing together energy and environment leaders, policy-makers and businesses.”