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Luis Mª Abadie

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Luis Mª Abadie There is a high degree of uncertainty about the impact that a rising GHG concentration can have on our planet temperature and thereby on life conditions. Continued research and the arrival of new information over time can contribute to reduce this uncertainty. Nevertheless, an early action against climate change is necessary to reduce the risks faced by us and future generations, thus mitigating the possibility of serious and hardly repairable changes. In other words we must invest to assure the future. On the other hand, actions against climate change must go hand-in-hand with improvements in energy efficiency and savings in the natural resources.



  • Position:
    Research Professor
  • Main Research Field:
    Energy Economics, Carbon Markets, GHG Emissions, Real Options and Financial Economics.
  • Contact information:
    Email address: lm.abadie@bc3research.org
    Contact phone: +34 94-401 46 90 ext. 130
  • Research ID (WOK): Luis Mª Abadie RID
  • Google Scholar: Luis Mª Abadie Scholar
  • ORCID ID: 0000-0002-2254-6800
  • Download CV:  CV Abadie 

Short CV

PhD in Economics (University of the Basque Country UPV/EHU, 2007), graduate in Industrial Engineering (UPV/EHU, 1979), graduate in Computer Science (University of Deusto, 1985), and Master in Public Economics (UPV/EHU, 1987).
Extraordinary Doctorate Award of the University of the Basque Country in Social and Legal Sciences.
Member of International Association for Energy Economics (IAEE).
He has extensively published in the fields of energy and climate economics in Journals such as Energy Economics, Energy Policy, The Energy Journal, Energy, Review of Financial Economics, Energies, Journal of Cleaner Production, Environmental Research Letters, Frontiers in Marine Science, FinanzArchiv/Public Finance
Analysis, International Journal of Electrical Power and Energy Systems, Environmental Modelling
& Software, Journal Of Environmental Management, Mitigation and Adaptation Strategies for Global Change. or Climate Change Economics.

Journal Articles

  • 2017
  • Abadie, L.M., Chamorro, J.M. 2017. Valuation of Real Options in Crude Oil Production. Energies. 10. (8) 1218. DOI (10.3390/en10081218).
  • Abadie, L.M., Galarraga, I., Sainz de Murieta, E. 2017. Understanding risks in the light of uncertainty: low-probability, high-impact coastal events in cities. Environmental Research Letters. 12. (1) 014017. DOI (10.1088/1748-9326/aa5254).
  • Abadie, L.M., Goicoechea, N. and Galarraga, I. 2017. Carbon risk and optimal retrofitting in cement plants: An application of stochastic modelling, MonteCarlo simulation and Real Options Analysis. Journal of Cleaner Production. 142 (Part 4). 3117-3130. DOI (10.1016/j.jclepro.2016.10.155).
  • Abadie, L.M., Goicoechea, N. and Galarraga, I. 2017. Adapting the shipping sector to stricter emissions regulations: Fuel switching or installing a scrubber?. Transportation Research Part D: Transport and Environment. 57. 237-250. DOI (10.1016/j.trd.2017.09.017).
  • Abadie, L.M., Sainz de Murieta, E.,Galarraga, I. 2017. Investing in adaptation: flood risk and real option application to Bilbao. Environmental Modelling & Software. 95. 76-89. DOI (10.1016/j.envsoft.2017.03.038).
  • 2016
  • Abadie, L.M. and Chamorro, J.M. 2016. Revenue Risk of U.S. Tight-Oil Firms. Energies. 9. (10) 848-. DOI (10.3390/en9100848).
  • Abadie, L.M., Sainz de Murieta, E., Galarraga, I. 2016. Climate Risk Assessment under Uncertainty: An Application to Main European Coastal Cities. Frontiers in Marine Science. 3. (265) DOI (10.3389/fmars.2016.00265).
  • Galarraga, I., Abadie, L.M. and Kallbekken, S. 2016. Designing incentive schemes for promoting energy-efficient appliances: A new methodology and a case study for Spain. ENERGY POLICY. DOI (10.1016/j.enpol.2015.12.010).
  • Markandya, A., Galarraga, I., Abadie, L.M., Lucas, L. and Spadaro, J. V . 2016. What Role Can Taxes and Subsidies Play in Changing Diets? An Application from Spain . FinanzArchiv. DOI (10.1628/001522116X14581329755499).
  • Polanco-Martínez, J.M., Abadie, L.M. 2016. Analyzing Crude Oil Spot Price Dynamics versus Long Term Future Prices: A Wavelet Analysis Approach. Energies. 9. (12) 1089. DOI (10.3390/en9121089).
  • 2015
  • Abadie, L.M. 2015. Operating Flexibility at Power Plants: A Market Valuation. International Journal of Electrical Power and Energy Systems. 64. 41-49. DOI (10.1016/j.ijepes.2014.07.011).
  • Abadie, L.M., Galarraga, I. , Milford, A.B., Gustavsen, G.W. 2015. Using Food Taxes and Subsidies to Achieve Emission Reduction Targets in Norway. Journal of Cleaner Production. DOI (10.1016/j.jclepro.2015.09.054).
  • 2014
  • Abadie, L.M., Chamorro, J.M. 2014. Valuation of wind energy projects: A real options approach. Energies. 7. (5) 3218-3255. DOI (10.3390/en7053218).
  • Abadie, Luis M.; Ibon Galarraga and Dirk Rübbelke. 2014. Evaluation of Two Alternative Carbon Capture and Storage Technologies: A Stochastic Model . Environmental Modelling & Software. 54. 182 - 195. DOI (10.1016/j.envsoft.2014.01.002).
  • 2013
  • Abadie, LM; Chamorro, JM; Gonzalez-Eguino, M. 2013. Valuing uncertain cash flows from investments that enhance energy efficiency. Journal Of Environmental Management. 116. 113 - 124. DOI (10.1016/j.jenvman.2012.09.030).
  • Abadie, LM; Galarraga, I; Rubbelke, D. 2013. An analysis of the causes of the mitigation bias in international climate finance. Mitigation And Adaptation Strategies For Global Change. 18. (7) 943 - 955. DOI (10.1007/s11027-012-9401-7).
  • Galarraga, I, Abadie, L.M and Ansuategi, A. 2013. Efficiency, effectiveness and implementation feasibility of energy efficiency rebates: The “Renove” plan in Spain. Energy Economics. 40, Supplement 1. S98 - S107. DOI (10.1016/j.eneco.2013.09.012).
  • 2012
  • Abadie, LM; Ortiz, RA; Galarraga, I. 2012. Determinants of energy efficiency investments in the US. ENERGY POLICY. 45. 551 - 566. DOI (10.1016/j.enpol.2012.03.002).
  • Chamorro, JM; Abadie, LM; de Neufville, R; Ilic, M. 2012. Market-based valuation of transmission network expansion. A heuristic application in GB. ENERGY. 44. (1) 302 - 320. DOI (10.1016/j.energy.2012.06.028).
  • 2011
  • Abadie, L.M., Galarraga, I. 2011. The European Emission Trading Scheme: Implication for Long-Term Investment Valuation. Climate Change Economics (CCE). 2. (2) 129 - 148. DOI (10.1142/S2010007811000243).
  • Abadie, L.M., Heres, D.R. 2011. Electricity Prices and generation cost in European futures markets with implications for Spain. Estudios de Economía Aplicada. 29. 561 - 574.
  • Abadie, LM; Chamorro, JM. 2011. Valuing Expansions of the Electricity Transmission Network under Uncertainty: The Binodal Case. ENERGIES. 4. (10) 1696 - 1727. DOI (10.3390/en4101696).
  • Abadie, LM; Chamorro, JM; Gonzalez-Eguino, M. 2011. Optimal Abandonment of EU Coal-fired Stations. Energy Journal. 32. (3) 175 - 207. DOI (10.5547/ISSN0195-6574-EJ-Vol32-No3-7).
  • 2009
  • Abadie, L.M. 2009. Valuation of Long-Term Investments in Energy Assets under Uncertainty. Energies . 2. (3) 738 - 768. DOI (10.3390/en20300738).
  • Abadie, L.M. and Chamorro, J.M. 2009. The economics of gasification: a market-based approach. Energies. 2. (3) 662 - 694. DOI (10.3390/en20300662).
  • Abadie, L.M. and Chamorro, J.M. 2009. Monte Carlo valuation of natural gas investments. Review of Financial Economics 2009. 18. (1) 01/10/2022. DOI (10.1016/j.rfe.2008.10.002).
  • Abadie, L.M. and Chamorro, J.M. 2009. Income risk of EU coal-fired power plants after Kyoto. Energy Policy. 37. (12) 5304 - 5316. DOI (10.1016/j.enpol.2009.07.053).
  • Abadie, L.M. and Chamorro, J.M. 2009. Impactos económico-financieros de los precios del CO2. Papeles de Economía Española. 121. 193 - 210.
  • 2008
  • Abadie, L.M. and Chamorro, J.M. 2008. Valuing flexibility: the case of an Integrated Gasification Combined Cycle power plant. Energy Economics. 30. 1850-1881.
  • Abadie, L.M. and Chamorro, J.M. 2008. European CO2 prices and carbon capture investments. Energy Economics. 30. 2992-3015.
  • 2007
  • Abadie, L.M. and Chamorro, J.M. 2007. La convergencia de los mercados del gas y la electricidad: un análisis econométrico. Economía Industrial. 365. 35-47.
  • Abadie, L.M. and Chamorro, J.M. 2007. gasification: the clean option. Power & Energy Technology. Spring. 19-27.

Books and Specials

  • 2013
  • Abadie, L. M., Chamorro, J.M. 2013. --. Investment in Energy Assets Under Uncertainty: Numerical methods in theory and practice. 1st ed. London. Springer Verlag. 200. ISBN 978-1-4471-5591-1.
  • 2011
  • Abadie, L. M., Chamorro, J.M. 2011. Numerical Evaluation of Multi-dimensional Real Options. New York. Nova Science Publishers. ISBN 978-1-61470-687-8.

Book chapters

  • 2016
  • Abadie, L.M and Galarraga, I. 2016. The Use of Real Option Approach for the Evaluation of Climate Investments . Climate Finance: Theory and Practice. Singapore. World Scientific Series on the Economics of Climate Change. 600. ISBN 978-981-4641-80-7. (http://www.worldscientific.com/worldscibooks/10.1142/9433#).
  • Abadie, L.M., Spadaro, J.V. 2016. Role of Uncertainty in Energy Investments and Regulation. Delivering Energy Law and Policy in the EU and the US. Edinburgh. Edinburgh University Press. 768. ISBN 9780748696789. (https://edinburghuniversitypress.com/book-delivering-energy-law-and-policy-in-the-eu-and-the-us.html).
  • 2015
  • Abadie, L.M. and Galarraga, I. 2015. Managing Energy Price Risk. Compendium of Energy Science and Technology Vol 12. 1st ed. -. Studium Press LLC, USA. 827. ISBN 978-1-626990-73-9. (http://studiumpress.in/indetail.asp?id=300).
  • Abadie, Luis M. 2015. Enhanced Oil Recovery: Growth, Economic and Environmental Benefits and Risks. Enhanced Oil Recovery: Methods, Economic Benefits and Impacts on the Environment. Nueva York. Nova Science Publishers. -. ISBN 978-1-63463-917-0. (https://www.novapublishers.com/catalog/product_info.php?products_id=53401&osCsid=62ea12929c39ece307dced98059266b0).
  • 2014
  • Abadie, Luis M. 2014. Economic Foundations of Energy Investments. Green Energy and Efficiency: An Economic Perspective. London. Springer. ISBN 978-3-319-03631-1.
  • De Neufville, R., Abadie, L.M., Chamorro, J.M. 2014. Measuring performance of long-term power generating portfolios. Green Energy and Efficiency: An Economic Perspective. 1st ed. London. Springer. ISBN 978-3-319-03631-1.
  • 2013
  • Abadie, L.M., Ortiz, R.A.,Galarraga, I.,Markandya A. 2013. Energy Efficiency Policy in the USA: The Impact of the Industrial Assessment Centres (IAC) Programme and State and Regional Climate Policy Actions. The Dynamics of Environmental and Economic Systems. Dordrecht, Netherlands. Springer Netherlands. 61-82. ISBN 978-94-007-5088-3.
  • 2012
  • Abadie, L.M. and Galarraga. 2012. European Union Greenhouse Gas Emission Trading Scheme (EU ETS). Berkshire Encyclopedia of Sustainability 9/10 : Afro-Eurasia: Assessing Sustainability. Great Barrington, MA, US. Berkshire Publishing Group. ISBN 9781933782195.
  • Abadie, Luis M. 2012. Optimal Control and Real Options Models. Real Option Analysis. New York. Nova Science Publishers. ISBN 978-1-61324-330-5.
  • Galarraga, I. and Abadie, L.M. 2012. Ecolabels. Berkshire Encyclopedia of Sustainability 6/10 : Measurements, Indicators, and Research Methods for Sustainability. Great Barrington, MA, US. Berkshire Publishing Group. ISBN 978-1933782409.
  • 2011
  • Abadie, Luis M. 2011. Risk Premium, Market Price of Risk, and Stochastic Price Models for Commodities. Financial Asset Pricing: Theory, Global Policy and Dynamics. New York. Nova Science Publishers. 85-110. ISBN 978-1-61122-803-8.
  • Abadie, Luis M. 2011. The multidimensional Brownian Motion: Numerical valuation of american and bermudan options. Brownian Motion: Theory, Modelling and Applications. 1st ed. New York. Nova Science Publishers. ISBN 978-1-61209-537-0.
  • Abadie, Luis M. and Chamorro, J.M. 2011. Valuing Efficiency Gains in EU Coal-based Power Generation. Handbook of Sustainable Use of Energy. 1st ed. Cheltenham, UK. Edward Elgar. 285-313. ISBN 978-1849801157.
  • 2010
  • Abadie, L.M. and Chamorro, J.M. 2010. Toward Sustainability through Investments in Energy Efficiency. Handbook of Sustainable Energy. New York. Nova Science Publishers. 735-774. ISBN 978-1-60876-263-7.

Other Publications

  • 2011
  • Chamorro, J.M., Abadie, L.M.De Neufville, Richard and Ilic, Marija. 2011. Market based valuation of transmission network expansion. A heuristic application in GB. Massachusetts Institute of Technology Engineering Systems Division. ESD-WP-2011-14.

BC3 Working Papers & Policy Briefings

Conference Proceedings

  • 2015
  • The use of “Bonus-Malus” schemes for pro - moting energy-efficient household applian - ces: a case study for Spain, presented at the X Congreso AEEE, organized by Universidad de La Laguna, Santa Cruz de Tenerife, Spain, Feb, 2015
  • 2014
  • Valuing Enhanced Oil Recovery Investments using the Real Option Approach, presented at the Energy Assets, Investment under Uncertainty and Real Options, organized by Fundación Repsol, Madrid, Spain, Oct, 2014
  • Real Option Course, presented at the Real Option Course, organized by Fundación Repsol, Madrid, Spain, Oct, 2014
  • Measuring performance of time-varying electricity generating portfolios, presented at the IX Congreso AEEE, organized by IE Business School, Madrid, Spain, Feb, 2014
  • 2013
  • Valuation of Wind Energy Projects: A Real Options Approach, presented at the VIII Congreso AEEE, organized by Universidad de Valencia, Valencia, Spain, Jan, 2013
  • 2012
  • Market-based valuation of transmission network expansion. A heuristic application in GB, presented at the VII Congreso AEEE, organized by upna, Jan, 2012
  • 2011
  • Valuation of electricity transmission expansion under uncertainty: Economic and environmental benefits, presented at the The common denominator underpinning the contributions made to this Workshop is Adapting to Climate Change. , organized by Klimagune 2011/Bilbao, May, 2011
  • Optimal abandonment of EU coal-fired stations, presented at the VI Congreso de la Asociación Española para la Economía Energética., organized by Universitat Autónoma de Barcelona, Jan, 2011
  • Determinants of Energy Efficiency Investments in the U.S., presented at the

    VI Congreso de la Asociación Española para la Economía Energética (UAB).

    , organized by Universitat Autónoma de Barcelona, Jan, 2011
  • 2010
  • Optimal investment in energy efficiency under uncertainty, presented at the V CONGRESO DE LA AEEE, organized by Universidad de Vigo, Jan, 2010
  • Valuing Investments to Enhance Energy Efficiency, presented at the 14th Annual International Conference Real Options, organized by LUISS Business Scool, Jan, 2010
  • A Real Options Analysis of Investments to Enhance Energy Efficiency, presented at the I Simposio de Opciones Reales, organized by Universidad de Valladolid, Jan, 2010
  • A Real Options Analysis of Investments to Enhance Energy Efficiency, presented at the IV Congreso AERNA, organized by Universidad de Las Palmas de Gran Canaria, Jan, 2010
The opinions expressed at the information included in the personal web pages of the BC3 researchers, are responsibility of the authors and do not necessarily reflect the position of Basque Centre for Climate Change (BC3).



 
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