London School of Economics and Newcleo to research energy policy economics

British nuclear energy company Newcleo and the London School of Economics and Political Science (LSE) have signed a five-year partnership to conduct advanced research into the economics of energy policy.

The findings from this research will be used to help governments globally make evidence based policy decisions on how to deliver a well regulated approach to clean and safe sustainable energy solutions.

LSE will focus on exploring the economic benefits of technological innovation in facilitating the energy
transition, driving clean economic growth and creating the jobs of the future.

Newcleo will support energy economics research and impact at LSE, with funding worth €1 million ($1.06 million) over five years.

This partnership hopes to bring to light the most economically beneficial clean energy sources, as ongoing geopolitical events continue to show that there is a need for diversification and security of supply.

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The partnership will also tap into LSE’s convening power, with extensive links to policy-makers, parliament, finance and business. Newcleo’s funding will be critical to achieving these objectives and strengthening LSE’s existing programmes.

Professor Susana Mourato, LSE vice president and pro-vice chancellor of 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."

Stefano Buono, newcleo Chairman and CEO, commented: ”We are very excited to have signed this partnership with LSE, our first with an economics university, following a number of other agreements to cooperate with UK institutions on technical and scientific areas."

He added, "The findings will undoubtedly be used to inform energy policymaking by governments and organisations across the globe. We are confident that the research will provide compelling evidence that new nuclear technologies should play a central role in the environmentally and economically sustainable and secure energy future we all strive for.”

The partnership 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.