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Research & Publications
14
Georgia Makridou, Michalis Doumpos, Christos Lemonakis
Published Papers

Purpose


Considering environmental, social and governance (ESG) factors is vital in climate change mitigation. Energy companies must incorporate ESG into their business plans, although it unquestionably affects their corporate financial performance (CFP). This paper aims to investigate the effect of ESG on energy companies’ profitability through return on assets by analysing the combined score and individual dimensions of ESG.

Giouli Mihalakakou, Manolis Souliotis, Maria Papadaki, Penelope Menounou, Panayotis Dimopoulos, Dionysia Kolokotsa, John A. Paravantis, Aris Tsangrassoulis, Giorgos Panaras, Evangelos Giannakopoulos, Spiros Papaefthimiou
Published Papers

Green roofs are artificial ecosystems that provide a nature-based solution to environmental challenges such as climate change and the urban heat island. Green roofs aid in the conservation of both cooling and heating energy; deposition of particulates and mitigation of air pollution; control of runoff and water pollution; promotion of biodiversity; and provision of aesthetic and health benefits. This research is a holistic review of the green roof literature and provides a global perspective of the subject with a classification of modelling studies; and an extensive review of contributions to energy conservation, carbon sequestration, mitigation of air pollutants, runoff control; and urban noise reduction. The review covers the system’s thermal performance modelling through several methodologies; experimental studies; parametric studies to assess the impact of various parameters on the system’s energy efficiency using several configuration parameters such as leaf area, foliage height and density, plant coverage, roof insulation, soil thickness, and irrigation; energy benefits; and environmental benefits including air pollutants mitigation, carbon sequestration, runoff control and urban noise reduction. Finally, review was complemented with a life cycle assessment study of green roofs, which examined the extraction of raw materials, manufacturing and construction, transportation, and disposal.

Anne Viallefont
EMC Working Papers

The Intersection of Neurochemistry and Environmental Cognition in Climate Change

Let me introduce you to the concept of relativity, particularly relative status. Why can we not stop consuming? A first hint is the very nature of human survival and social structures. Within these social structures, hierarchy and hence status is particularly important. However, we have not evolved to have an absolute criterion for reaching a certain status, as it wouldn’t be viable on largely different scales. That is why we rely on relative status. As you may already know, our brain relies on neurotransmitters to carry electrical signals from one neuron to the next.

 

Aman Kumar
EMC Working Papers

Are We Creating a Compromise?

Every year in the United Kingdom and Australia, thousands of incidents involving devastating fires linked to batteries in waste management facilities or vehicles are reported. Paradoxically, these are facilities meant to contain such hazardous activities. Furthermore, headlines such as “Batteries Starting Fires at Yellowknife’s Landfill, City Says,” posted by Cabin Radio, report unreported hazardous incidents potentially linked to batteries, and are becoming more common around the globe. These reports and news are increasingly alarming because they come at the cost of life, property damage, and monetary losses, and given the fact that we heavily rely on batteries for the energy transition, they could lead to safety and environmental compromises if not treated properly.

Omkar Kajrolkar , Raghav Sharma
EMC Working Papers

Driving the Paris Agreement

Article 6 of the Paris Agreement includes provisions allowing countries to cooperate to achieve National Determined Contributions (NDCs), specifically through carbon pricing, to meet mitigation commitments. Carbon markets are an emerging tool that incentivises businesses to pollute less and invest in clean technologies by putting a price on carbon emissions. As this article explores further, compliance and voluntary carbon markets are poised to reshape the energy landscape and contribute to achieving the ambitious goals of the Paris Agreement.

Compliance Carbon Markets

Compliance carbon markets are a key tool in the fight against climate change, and they aim to establish a carbon price by laws or regulations which control the supply of allowances distributed by national, regional and global regimes through the following compliance mechanisms: (1) Cap and Trade: Sets a pollution limit (the cap) and lets companies buy or sell allowances to meet their obligations, creating a market for carbon credits with a price driven by supply and demand; (2) Carbon Tax: A fixed price is set per ton of carbon emitted. Companies must pay tax for their emissions, incentivising them to reduce pollution.

Juan Pablo Pretelt Villadiego
EMC Working Papers

The United Kingdom is in the right place to become a global leader in the industrial Carbon Capture, Utilisation and Storage (CCUS) sector. Specific, UK associated industrial development has set a great potential for Industrial Carbon Capture (ICC) application. In fact, the operation of Oil and Gas (O&G) offshore fields has allowed for decades of data on suitable carbon storage sites to be collected, determining that the North Sea’s saline aquifers and depleted reservoirs have a 78,000 MtCO2 capacity. Figure 1 exhibits the distribution of both CO2 emission sources from industrial clusters and offshore storage points.

 

Clement Gorin
EMC Working Papers

On Thursday 24 November 2022, Renault signed a contract with Voltalia to supply 350 MW of renewable energy over 15 years from 2027, which should account for half the company’s electricity consumption. This type of contract, also known as a corporate Power Purchase Agreement (cPPAs), is an unprecedented commitment in France in terms of power. On the same day, Engie announced a contract to purchase 100MW with Google in the United Kingdom for 12 years from the Moray West offshore wind project off Scotland. Whilst solar and wind remain dominant, contracts are now emerging for biogas, geothermal, and even hydrogen

Félicien Bresson Le Menestrel
EMC Working Papers

Funding for the energy industry has historically been dominated by major private or state-controlled institutions. Conventional energies such as fossil fuels require capital outlays of millions and sometimes billions of euros, and hence, understandably, citizens or cooperatives have never fully financed a nuclear powerplant or an offshore oil rig. As the urgency of tackling climate change increases, the energy sector is being reconfigured by financing alternatives made possible by renewable energy technologies that are adaptable to local and community investment. Society is simultaneously becoming increasingly electrified, with global electricity consumption forecast to double from 2021 levels, reaching 50,000 TWh by 2050. Rapid growth in the renewables sector will be crucial for meeting this steady increase in demand.

 

Michael Jefferson
EMC Working Papers

With Putin’s “special military operation” into Ukraine on February 24th 2022 it became clear to many observers within a week that this was a war. It represented a step change from the various territorial incursions over the past few decades which had gone under the term “New Cold War”. “The New Cold War” was the title of a book (one of several) first published in 2008 sub-titled: “How the Kremlin Menaces both Russia and the West” authored by Edward Lucas. Lucas was the Central and East European correspondent of The Economist for more than 25 years. 

Kostas Andriosopoulos, Gulmira Rzayeva, Plamen Dimitrov, Leo Drollas, Jörg Himmelreich, John Roberts, Nicolò Sartori, Simone Tagliapietra, Theodoros Tsakiris, Mr. Mehmet Öğütçü, Christos Zisakis, Konstantinos Ioannidis, Filipos Ioannidis
Books

Over recent years, the European Union has been increasingly exploring new alternative routes and sources for natural gas due to energy security concerns, mostly associated with the Russian - Ukrainian circumstances and the significant role which natural gas is expected to have in the future. Currently it is considered as "the transition fuel" to the future green-energy reality. 

Prof. Michael Jefferson
Reports & others

Author: Prof. Michael Jefferson, Editor of the journal Energy Policy; Affiliate Professor, ESCP Europe; Professor, University of Buckingham.

Special Issues

Journal: Energy Policy

Guest-editors: Dr. Kostas AndriosopoulosProf. Constantin Zopounidis, Dr. Michael Doumpos, Dr. Spiros Papaefthimiou.

The objective of the Special Issue is to present new research results on the theory and modern practice of modeling and management of energy systems, emphasizing on their policy implications. The areas of interest include, networks design and management, oil and gas, smart grids, production optimization, efficiency analysis, optimization and assessment of renewable and sustainable/green energy systems, environmental issues, risk management, decision-making in the energy markets, and energy pricing, among others.

Bikramjit Sengupta
EMC Working Papers

The fundamental idea of this technical paper is to understand the feasibility and present the robustness of removing the need to decommission an offshore jacket and instead installing an offshore wind tower (with nacelle, rotor blades and generator) on top of it, thereby saving the costs of decommissioning as well as entirely removing the need to design, build and install a substructure for the new offshore wind tower. The economics of scalability are particularly interesting.

Arshad Azim Mohammed, Marios Ioannis Kioufis
EMC Working Papers

The world is currently experiencing one of the worst energy crises in history. Countries all over the world are beginning to adopt greener strategies by funding and covering their energy needs with green and renewable energy sources. Each of these countries has its own rate of development, but they all share a common goal of achieving carbon neutrality by 2050. In comparison, the European Union appears to have a faster development rate and a different goal, particularly regarding neutrality, of covering all its member states' energy needs with shareable green energy.

Newsroom

Centre News
8
08 October 2024

In June, students from ESCP Business School’s MSc in Energy Management (MEM) visited TotalEnergies’ Normandy platform. The trip was organised by the School’s Energy Management Centre (EMC) and Energy Society, along with students from the MEM specialisation. This was a unique opportunity for the students to gain key insights into a refinery's operations through a guided tour by professionals from the Combined Cycle Gas Turbine (CCGT) and refining units.

Located in north-western France, the refinery came into service in 1931, and the petrochemical plant started production in 1971, while the two were merged in 2012. The Normandy platform is TotalEnergies’ second largest, processing nearly fourteen million tons of crude oil annually after Antwerp.

04 April 2024

Lessons learned from the Westmill Wind Farm and Solar Park

Earlier this year, students from the MSc in Energy Management specialisation visited Westmill Wind Farm and Solar Park – the first 100% community-owned onshore wind farm and solar park in the south of England. The field trip provided participants with key insights into wind and solar technology, the electricity-generation process, operational challenges and benefits, and whether policies support the growth of wind and solar.

The site was the vision of Adam Twine (landowner and farmer), who was inspired by a trip to Denmark where 20% of the country’s renewable energy is owned by communities. It is believed to be the UK’s first and the world’s largest cooperatively run, community-owned solar farm.

27 November 2023

ESCP Business School and its Energy Management Centre (EMC) are thrilled to announce that our dynamic eleventh cohort of MSc in Energy Management students recently nominated the board members of the School’s Energy Society for the 2023–2024 term.

Congratulations to all the board members who will spearhead initiatives fostering industry engagement, maximising networking opportunities, and nurturing professional skills development across all ESCP campuses.

20 July 2023

France possesses one of the largest nuclear power programmes worldwide. The country has 56 operable nuclear reactors producing a total of 61 gigawatts (GW), which is equivalent to over 70% of its electricity. At present, the country holds the highest share of nuclear energy in the world.

Last month, students from the MSc in Energy Management specialisation visited EDF’s Saint-Alban nuclear power plant – a site built in 1979 and located on the Rhone river in the Isère department, 50 km downstream from Lyon. The activity was organised by the ESCP Energy Society and sponsored by our School..

12 June 2023

Venezuela is the country with the largest proved oil reserves according to the 2022 BP Statistical Review of World Energy, and is also one of the top ten countries with the largest reserves of natural gas. The economy of the South American nation is reliant on its fossil fuel industry, hence its being highly vulnerable to the so-called Dutch disease, in which a government develops a risky dependence on natural resource exports to the detriment of other sectors in the economy. After years of economic decline, the nation’s economy grew 17.73% year-over-year in the first three quarters of 2022 according to Venezuela’s Central Bank.

Rodrigo Quintero, MEM Alumnus from the 2023 class and now Energy Economist at BloombergNEF, shares with us how ESCP Business School’s MSc in Energy Management (MEM) equipped him with the right tools to thrive in an exciting career in the United Kingdom at one of the most respected energy research companies.

Energy Headlines
11 October 2024
Canadian natural gas firms eager for LNG boom swamp market with excess supply
Producers hoping for increased demand as LNG Canada facility approaches start-up in 2025. [Image: LNG Canada]
11 October 2024
From the editor: UK deserves praise for ending coal use [Global Gas Perspectives]
Even through the UK's great political and economic upheaval in recent years, it followed through with its commitment to end coal use, becoming the first major economy to take this step.
10 October 2024
Hungary says TurkStream could help supply Europe with gas if transit via Ukraine ends
Gazprom is discussing possible increase in deliveries to Hungary.
10 October 2024
Europe at a Crossroads: Innovation, Energy, and Competitiveness [Gas Expert Insights]
Europe is facing a critical challenge. When it comes to advanced technology innovation, labor productivity, and affordable energy, it’s not keeping up with the U.S. and China.
09 October 2024
Woodside completes Tellurian acquisition, rebrands Driftwood
Under-construction LNG project will now be known as Woodside Louisiana LNG. [Image: Tellurian]
09 October 2024
Venezuela still a major bar to Trinidad's gas hopes [Global Gas Perspectives]
The development of major gas fields partially or wholly in Venezuelan waters, tied back to Trinidad, hinges on events in Venezuela and US sanctions. Anglo-Dutch major Shell’s greenlight for the Manatee field will underpin the island nation’s current gas supply, but will not provide enough gas to reverse the declines of the last 14 years.
09 October 2024
MiQ certifies Grain LNG import terminal
Europe's largest LNG import terminal is the first such facility certified by MiQ. [Image: Grain LNG]

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Activity Agenda

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Today
11 MARCH 2024

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