The economics of hydropower: integrating downstream externalities and multiple water uses into dam operator decision-making

In this thesis proposal review, Paul Wyrwoll will present research that applies economic theory and modelling to the problem of maximising social benefits from hydropower dams and reservoirs. Dams disrupt natural river flow regimes and can impose large negative costs on downstream ecosystems and economic sectors, including fisheries, agriculture and industry. Water stored in reservoirs can be directed towards beneficial uses aside from energy, such as irrigation and water supply.