Title
Hydropower licensing and climate change: Insights from cooperative game theory
Abbreviated Journal Title
Adv. Water Resour.
Keywords
FERC; Licensing; Cooperative game theory; Conflict resolution; Hydropower; Climate change; WATER-RESOURCES; Water Resources
Abstract
Cooperative game theory solutions can provide useful insights into how parties may use water and environmental resources and share any benefits of cooperation. Here, a method based on Nash and Nash-Harsanyi bargaining solutions is developed to explore the Federal Energy Regulatory Commission (FERC) relicensing process, in which owners of non-federal hydropower projects in the United States have to negotiate their allowable operations, with other interest groups (mainly environmental). Linkage of games to expand the feasible solution range and the "strategic loss" concept are discussed and a FERC relicensing bargaining model is developed for studying the bargaining stage (third stage) of the relicensing process. Based on the suggested solution method, how the lack of incentive for cooperation results in long delay in FERC relicensing in practice is explained. Further, potential effects of climate change on the FERC relicensing are presented and how climate change may provide an incentive for cooperation among the parties to hasten the relicensing is discussed. An "adaptive FERC license" framework is proposed, based on cooperative game theory, to improve the performance and adaptability of the system to future changes with no cost to the FERC, in face of uncertainty about future hydrological and ecological conditions. (C) 2010 Elsevier Ltd. All rights reserved.
Journal Title
Advances in Water Resources
Volume
34
Issue/Number
2
Publication Date
1-1-2011
Document Type
Article
Language
English
First Page
174
Last Page
183
WOS Identifier
ISSN
0309-1708
Recommended Citation
"Hydropower licensing and climate change: Insights from cooperative game theory" (2011). Faculty Bibliography 2010s. 1613.
https://stars.library.ucf.edu/facultybib2010/1613
Comments
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