UCL Institute for Sustainable Resources


Victor Nechifor

Victor has a two-year consulting experience within the energy and utilities sector. His work during this time focused on the organisational transformations that have taken place as a consequence of the ongoing opening of the gas and power markets throughout the EU.

In 2013, he graduated in MSc in Global Energy Management from Strathclyde Business School. His final project was centered on the restructuring of the European electricity markets. As part of his MSc, he worked for an important energy research group developing a liberalisation benchmarking methodology used for a cross-country policy evaluation.

Victor’s main field of interest is the relationship between the energy sector and the environment. His PhD studies will focus on the abatement of greenhouse-gas emissions at a national level and the implication of this reduction over economic growth.

Victor also holds a postgraduate degree in Management and International Relations from Sciences Po Paris and Collège des Ingénieurs.

Research subject

Climate change is undeniably one of the biggest threats to long term prosperity of the human kind. While the relationship between climate change and greenhouse-gas emissions is close to becoming unanimously acknowledged by the scientific world, emissions have not ceased to increase during the past two decades since the climate negotiations were first initiated. 

Under the current policies, annual greenhouse-gas emissions could reach 64Gt CO2-equivalent by 2035. This is nearly double the flow required to contain CO2 concentration under the 450ppm threshold necessary to limit the global average temperature increase to 2°C relative to pre-industrial levels. 

Several solutions are at hand to close this sustainability gap but most of them incur costs that may have an important impact on economic growth and competitiveness. To understand the implications of different paths towards sustainability, firstly, the baseline and all envisaged scenarios should be fully described quantitatively through sensible accounting. As specific abatement policies and measures tend to be taken at a national or subnational level, a robust methodology for national accounting is needed in order to indicate progress towards reaching sustainable levels of emissions. The research will therefore build on the national resource accounting established by Ekins and Simon employing Physical Input-Output Tables (PIOT) through the Sustainability Gap (SGAP) methodology.

Secondly, the costs required to follow these paths should be taken into account in relation to the dynamics within the economy as massive spending on cleantech can induce shocks and crowding out of capital. A Computable General Equilibrium (CGE) model will be built to capture these interdependencies and to show the impact of cumulated sustainability costs over the long-term economic growth.