Niall Farrell

Niall Farrell
Potsdam Institute for Climate Impact Research | PIK

Ph.D Economics

About

26
Publications
8,850
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714
Citations
Citations since 2016
14 Research Items
692 Citations
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2016201720182019202020212022050100150
2016201720182019202020212022050100150
Introduction
I am an energy and environmental economist. I am currently a Marie Sklodowska-Curie fellow at PIK Potsdam

Publications

Publications (26)
Preprint
Full-text available
I show that British electricity tariffs create substantial welfare loss, equivalent to between six and twenty percent of domestic consumption value. Losses are greater than unpriced distributional and environmental counter effects. Under current tariffs, expected technological change will reduce total welfare. Deployment of distributed energy resou...
Article
Full-text available
Power networks are undergoing a fundamental transition, with traditionally passive consumers becoming ‘prosumers’ — proactive consumers with distributed energy resources, actively managing their consumption, production and storage of energy. A key question that remains unresolved is: how can we incentivize coordination between vast numbers of distr...
Article
Clean energy innovation is pivotal for low-cost energy sector decarbonization. Substantial public research and development funding is spent on energy innovation. Generating more evidence on which support mechanisms most effectively drive clean energy innovations, and why, could improve their design moving forward. In this Perspective, we discuss fi...
Preprint
Alongside environmental benefits, renewable energy deployment is often evaluated on grounds of regional development. Focussing on wave energy deployment in Ireland, this paper quantifies employment-related welfare change net of associated subsidy costs. Although the added employment reduces interregional inequality, certain subsidies increase total...
Article
Alongside environmental benefits, renewable energy deployment is often evaluated on grounds of regional development. Focussing on wave energy deployment in Ireland, this paper quantifies employment‐related welfare change net of associated subsidy costs. Although the added employment reduces inter‐regional inequality, certain subsidies increase tota...
Article
Competitive renewable energy procurement auctions are becoming increasingly prevalent. In a pay-as-bid auction, investors bid the price support required and receive that price if successful. Bidding strategy may be influenced by factors external to the auction, such as transmission expansion planning decisions. This may increase costs. In this pape...
Article
Carbon taxes increase the cost of necessary household energy expenditures. In many developed countries, carbon taxes are regressive as they comprise a greater proportion of a poorer household's income. Certain socioeconomic groups are more negatively affected by these impacts than others. While inequality of incidence by income group has received g...
Article
Many Feed-in Tariff designs exist. This paper provides a framework to determine the optimal design choice through an efficient allocation of market price risk. Feed-in Tariffs (FiTs) incentivise the deployment of renewable energy technologies by subsidising remuneration and transferring market price risk from investors, through policymakers, to a c...
Article
Full-text available
Carbon pricing, technological supports, and energy subsidies comprise the most-often implemented energy and climate policies. The cost of these policies has grown in recent years, resulting in equity impacts receiving greater attention by academics, policymakers, and the general public. While precise impacts are specific to particular circumstances...
Conference Paper
Full-text available
Agricultural incomes are quite heterogeneous relying as they are in part on the environmental context which land is farmed. In addition a very significant proportion of agricultural income results from public policy via the Farm Direct Payments within in the Common Agricultural Policy. In this paper we develop and test a methodology to spatially mo...
Conference Paper
Full-text available
An economically viable farm is defined as having the capacity to remunerate family labour at the average agricultural wage, together with a return of 5 per cent on non-land assets. There is however significant spatial heterogeneity among farms. In this paper we examine farm viability using a classification concept (Frawley and Commins, 1996). A spa...
Article
Along with environmental impacts, renewable energy affects societal welfare through subsidy costs and electricity price changes. Identifying the distribution of both these impacts is of increasing importance as deployment grows. Subsidies are commonly financed by consumption-based Public Service Obligation (PSO) levies. We compare the distributiona...
Article
Full-text available
A < sc > bstract The ocean is an important natural resource and offers considerable income and employment opportunity to the Irish economy. The last two decades have seen a realisation that whilst nationally economies may benefit from trade liberalisation, specific regions may not. This has led to the development of local level modelling frameworks...
Book
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No abstract is available for this item.
Chapter
The Simulated Model of the Irish Local Economy (SMILE) is a spatial microsimulation model designed to analyse the relationships between regions and to project the spatial implications of public policy and economic development on welfare in rural areas. The development of this model was motivated by the lack of spatially referenced socio-economic an...
Chapter
Full-text available
In the previous chapter we reviewed the use of spatial microsimulation models for policy analysis and reviewed the type of applications for which the methodology has been employed. In the absence of spatially representative micro-data in Ireland, we require a technique for generating this data and hence the microsimulation model. In this chapter we...
Article
Commonly-employed Feed-in Tariff (FiT) structures result in either investors or policymakers incurring all market price risk. This paper derives efficient pricing formulae for FiT designs that divide market price risk amongst investors and policymakers. With increasing deployment and renewable energy policy costs, a means to precisely apportion thi...

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Projects

Project (1)
Project
Value the economic impact of the Irish marine sector at the national, regional and local level.