Solar Radiation Variability, Climate Forecasting and Financial Risk: Integrating Physical Climate Models into Renewable Energy and Climate Finance
Posted on: 13/05/2026
Deadline: 29/05/2026
Scientific-Disciplinary Group
13/STAT-04 - Mathematical Methods For Economy, Finance And Actuarial Sciences
Description
The growing penetration of renewable energy in European electricity systems has made meteorological variability a key source of economic and financial risk. Solar radiation, crucial for photovoltaic production, directly affects electricity prices, volatility, and market exposure. Climate change further amplifies this uncertainty, requiring integrated analytical frameworks. This project develops a unified approach combining high-resolution climate data, ECMWF probabilistic forecasts, and stochastic financial models to link solar radiation variability to energy production and market dynamics. The objective is to integrate physical climate processes, power system impacts, and financial risk assessment within a coherent modeling framework.
Job posting website
Funding body
ALMA MATER STUDIORUM - UNIVERSITA' DI BOLOGNA - - DIPARTIMENTO DI SCIENZE STATISTICHE
How to apply
Other
Selection process
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