Enabling investment for the transition to a low carbon economy: government policy to finance early stage green innovation

Rapid transformation to meet the Paris 1.5oC climate target requires greater attention to be given to the role of innovative low carbon early stage businesses and the public sector’s role in addressing finance gaps for longer horizon investment requirements. As entrepreneurs require different forms of finance as their businesses grow and move up the ‘finance escalator’, we explore the role of public sector support for grant, equity, debt and new forms of crowd funding finance. These funds can enable individual sustainability focussed businesses to access finance and encourage finance into new areas through having a demonstration effect. We conclude that a finance ecosystem approach is required that ensures complementary forms of finance for low carbon investment are connected at local, national and international scales, alongside support to build entrepreneurial skills and investment readiness. There is also a need for better evidence of the role of public sector support and where there is greatest impact on climate change

An advanced fractional order method for temperature control

Temperature control in buildings has been a highly studied area of research and interest since it affects the comfort of occupants. Commonly, temperature systems like centralized air conditioning or heating systems work with a fixed set point locally set at the thermostat, but users turn on or turn off the system when they feel it is too hot or too cold. This configuration is clearly not optimal in terms of energy consumption or even thermal comfort for users. Model predictive control (MPC) has been widely used for temperature control systems. In MPC design, the objective function involves the selection of constant weighting factors. In this study, a fractional-order objective function is implemented, so the weighting factors are time-varying. Furthermore, we compared the performance and disturbance rejection of MPC and Fractional-order MPC (FOMPC) controllers. To this end, we have chosen a building model from an EnergyPlus repository. The weather data needed for the EnergyPlus calculations has been obtained as a licensed file from the ASHRAE Handbook. Furthermore, we acquired a mathematical model by employing the Matlab system identification toolbox with the data obtained from the building model simulation in EnergyPlus. Next, we designed several FOMPC controllers, including the classical MPC controllers. Subsequently, we ran co-simulations in Matlab for the FOMPC controllers and EnergyPlus for the building model. Finally, through numerical analysis of several performance indexes, the FOMPC controller showed its superiority against the classical MPC in both reference tracking and disturbance rejection scenarios.Temperature control in buildings has been a highly studied area of research and interest since it affects the comfort of occupants. Commonly, temperature systems like centralized air conditioning or heating systems work with a fixed set point locally set at the thermostat, but users turn on or turn off the system when they feel it is too hot or too cold. This configuration is clearly not optimal in terms of energy consumption or even thermal comfort for users. Model predictive control (MPC) has been widely used for temperature control systems. In MPC design, the objective function involves the selection of constant weighting factors. In this study, a fractional-order objective function is implemented, so the weighting factors are time-varying. Furthermore, we compared the performance and disturbance rejection of MPC and Fractional-order MPC (FOMPC) controllers. To this end, we have chosen a building model from an EnergyPlus repository. The weather data needed for the EnergyPlus calculations has been obtained as a licensed file from the ASHRAE Handbook. Furthermore, we acquired a mathematical model by employing the Matlab system identification toolbox with the data obtained from the building model simulation in EnergyPlus. Next, we designed several FOMPC controllers, including the classical MPC controllers. Subsequently, we ran co-simulations in Matlab for the FOMPC controllers and EnergyPlus for the building model. Finally, through numerical analysis of several performance indexes, the FOMPC controller showed its superiority against the classical MPC in both reference tracking and disturbance rejection scenarios.A