Evaluating the impacts of legacy infrastructure and stranded assets on energy markets and utilities in low carbon energy systems

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dc.contributor.advisor O'Gallachoir, Brian en
dc.contributor.advisor O'Brien, John en
dc.contributor.author Hickey, Conor
dc.date.accessioned 2020-05-13T10:26:55Z
dc.date.available 2020-05-13T10:26:55Z
dc.date.issued 2020
dc.date.submitted 2020
dc.identifier.citation Hickey, C. 2020. Evaluating the impacts of legacy infrastructure and stranded assets on energy markets and utilities in low carbon energy systems. PhD Thesis, University College Cork. en
dc.identifier.endpage 192 en
dc.identifier.uri http://hdl.handle.net/10468/9943
dc.description.abstract This thesis contributes improvements to the modelling methods and evidence base for developing low-carbon policy measures and investment strategy. Techno-economic energy system models are integrated into investment appraisal frameworks to support policy and investment analysis. Beginning with a review of the literature on stranded assets; risks to gas infrastructure, subsequent impacts on energy markets and methods of measuring stranded assets, particularly the impacts of stranded assets on corporate debt, are highlighted as areas for further research. Consequently, gas infrastructure is analysed in two parts and at a national and European level. The first part questions whether there is a role for a gas network in a low carbon energy system by analysing its expected utilisation and subsequent tariffs. Next, both gas-fired power plants and gas transmission networks are evaluated based on their impacts on the harmonisation objectives of energy markets in Europe in 2030. Finally, the utilities operating this infrastructure are assessed under a novel investment framework. This framework measures the financial capacity that utilities have to transition to European net zero carbon targets, by proxy of their credit rating. Concluding that in all instances the financial risks arising from these fossil fuel infrastructures and climate policy targets could be mitigated if timely prudent management of these assets was pursued. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher University College Cork en
dc.rights © 2020, Conor Hickey. en
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/ en
dc.subject Stranded assets en
dc.subject Energy transition en
dc.subject Corporate finance en
dc.subject Energy finance en
dc.subject Sustainable finance en
dc.title Evaluating the impacts of legacy infrastructure and stranded assets on energy markets and utilities in low carbon energy systems en
dc.type Doctoral thesis en
dc.type.qualificationlevel Doctoral en
dc.type.qualificationname PhD - Doctor of Philosophy en
dc.internal.availability Full text not available en
dc.description.version Accepted Version en
dc.contributor.funder Environmental Protection Agency en
dc.contributor.funder Science Foundation Ireland en
dc.description.status Not peer reviewed en
dc.internal.school Accounting and Finance en
dc.check.chapterOfThesis The entire thesis should be embargoed as it is under review at a number of journals. Once the chapters have been published, I will get in contact. en
dc.internal.conferring Summer 2020 en
dc.internal.ricu Environmental Research Institute (ERI) en
dc.availability.bitstream embargoed
dc.check.date 9999-01-01


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© 2020, Conor Hickey. Except where otherwise noted, this item's license is described as © 2020, Conor Hickey.
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