题目： GOING OFFSHORE: INVESTMENTS IN GERMAN WIND ENERGY UNDER UNCERTAINTY
主讲人： Yu-Fu Chen
时间：2017年11月23日15:00-17:00

地点：12BET主楼6层能源与环境政策研究中心

主讲人介绍：

Dr Yu-Fu Chen gained both a BSc and an MSc in Chemistry from the National Tsing Hua University in Taiwan, a PG Diploma in Economics from the University of Warwick, and both an MSc and a PhD in Economics from Birkbeck College, University of London. He is currently a Senior Lecturer in Economic Studies. Yu-Fu’s research interests cover financial economics, real options applications, international finance and macroeconomics. In addition to teaching two modules (Macroeconomic Theory; Derivatives and Risk Management) at Dundee, Yu-Fu is also teaching three modules (Introductory Math, Corporate Finance and Asset Pricing at MSc Economics of the University of Edinburgh. Yu-Fu also taught a short course in DSGE modelling in NUFE in Nanjing, in June 2017.

内容介绍：

Employing a rigorous continuous-time real options modelling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that the long term subsidies in Germany set prices that provide higher returns than needed to secure investment, even when taking the uncertainties involved into account. The results obtained can be used by policy-makers to design comprehensive and efficient offshore wind energy support measures.

（承办：能源与环境政策研究中心、应用经济系、科研与学术交流中心）