Dr Marc Gronwald
Senior Lecturer in Economics, Business School
Tel: +44 (0)1224 272204
Marc's current research focuses on empirical analyses of energy markets, in particular crude oil markets and emissions trading schemes such as the EU ETS. The aim of this research is to develop deep insights into the functioning of these markets and help to analyse whether this functioning changes over time. To efficiently regulate greenhouse house emissions by, e.g., establishing emission trading schemes, a fundamental understanding of carbon markets is required. What is more, crude oil markets are equally important in the context of climate change, as crude oil is not just an important input factor for various economic processes; it is also a fossil fuel. If the dynamics of supply and demand of this fossil fuel are ignored, the efficiency of climate policy will be greatly diminished. In addition, Marc is interested in economic decision making under uncertainty, in particular in the context of offshore decommissioning.
Marc participated in projects funded by the Oil and Gas Technology Centre, the German Ministry for Education and Research as well as E.ON AG and RWE AG. These projects deal with issues such as the economic analysis of energy as well as environmental policies and the economic importance of the electricity industry.
Prior to his appointment as Senior Lecturer at the University of Aberdeen in September 2013, Marc held an appointment as Economist at the ifo Institute, Munich. He obtained a diploma (master equivalent) degree in Economics from the University of Bielefeld, and his PhD. from the University of Hamburg. Marc is member (fellow) of the CESifo Research Network and Research Associate of the ifo Center for Energy, Climate and Exhaustible Resources. Marc collaborates with researchers from institutions such as University of Hamburg, Germany; University of Basel, Switzerland; Macquarie University, Australia; and McGill University, Canada.