McCone 118
Email Address
gshrimali@miis.edu
Phone Number
831-647-4159
Language(s)
हिन्दी
Related Links
Gireesh Shrimali
I am passionate about: climate change mitigation via development of new technologies
What excites me about being a professor at MIIS: is the opportunity to research in and teach internationally relevant topics
Expertise
My research focus is on policy for renewable energy, innovation in the energy sector, and climate change in general. My previous work has included topics such as design of feed in tariffs; impact of policy on penetration of renewable sources in the US; and analysis of the solar mission, low carbon innovation system and business models for sustainable cook-stoves in India. I am currently leading projects evaluating the impact of policy on the diffusion and cost of renewable technologies – in particular, solar and wind – in both US and India.
Recent Accomplishments
- Teaching “The Green Business” – a first course of its kind – at the Indian School of Business
- Establishing “The CPI-ISB Energy and Environment Program” at the Indian School of Business
- Leading the “Sustainability Team” at the Indian School of Business
Previous Work
Before joining MIIS, I was the Interim-Director of CPI-ISB Energy and Environment Program at Climate Policy Initiative (CPI). Prior to CPI I worked as an Assistant Professor at the Indian School of Business (ISB).
Education
- PhD: Electrical Engineering, Stanford University, Stanford, CA, January 2008
- MS: Electrical Engineering, University of Minnesota, Minneapolis, MN, June 1993
- BTech: Electrical Engineering, Indian Institute of Technology, Delhi, India, June 1991
Bibliography
- Gireesh Shrimali and Sunali Rohra, 2012, “India’s Solar Mission: An Analysis,” accepted in Renewable and Sustainable Energy Reviews, DOI 10.1016/j.rser.2012.06.018.
- Andrea Sarzynski, Jeremy Larrieu, and Gireesh Shrimali, 2012, “The Impact of State Financial Incentives on Consumer Adoption of Solar Technology in the US,” Energy Policy, 46, 550-557.
- Gireesh Shrimali, Xander Slaski, Mark Thurber, and Hisham Zerriffi, 2011, “Improved Stoves in India: A Study of Sustainable Business Models,” Energy Policy, 39 (11), 7543-7556.
- Gireesh Shrimali and Joshua Kneifel, 2011, “Are Government Policies Effective in Promoting Deployment of Renewable Electricity Resources (in the US)?” Energy Policy, 39 (9), 4726-4741.
- Gireesh Shrimali and Erin Baker, 2011, “Optimal Feed-in Tariff Schedules,” IEEE Engineering Management, 99, 1-13
Courses
Courses offered in the past four years.
▲ indicates offered in the current term
▹ indicates offered in the upcoming term[s]
IEPG 8670 - Energy & Environmntal Markets ▲
In the past 30 years, some of the largest industries have made the transition from a regulated to market-based paradigm. Managers in many transportation, information technology, and energy companies have had to devise strategies to cope with changes in economic regulations and the evolution of new markets and trading platforms. The energy industries feature a complex mix of regulation and market-driven incentives. As classic economic regulation of energy markets has been reduced, however, environmental concerns have increased and spawned a new set of regulations leading to new business challenges and opportunities.
Drawing on the tools of economics and finance, we study the business and public policy issues that these changes have raised in energy markets. Topics include the effects of competition, scarcity and seller market power on energy prices; the regulation and deregulation of energy markets; environmental impacts and policies related to energy production and use; the economics of alternative energy sources; the development and effect of organized spot, futures, and derivative markets in energy; antitrust and competition policy; and the transportation and storage of energy commodities. We examine the economic determinants of industry structure and evolution of competition among firms in these industries; investigate successful and unsuccessful strategies for entering new markets and competing in existing markets; and analyze the rationale for and effects of public policies in energy markets.
OBJECTIVES
• To introduce students to energy markets by examining the underlying economic principles.
• To demonstrate how antitrust and competition policy affects the functioning of energy markets.
• To introduce basic concepts in energy finance as related to the functioning of energy markets.
• To examine environmental impacts and economics of energy production and use.
• To understand how economics of alternative energy sources work differently from conventional ones.
Fall 2013 - MIIS
IEPG 8672 - Envrnmntl&NatrlResourceFinance
Energy is not only a multi-trillion dollar industry but is also closely linked to the global warming problem. Further, efficient natural resource management is becoming key to ensuring a sustainable future. Financing, in addition to technology and policy, will play a key part in addressing the twin goals of energy security and a greener planet.
This is a course on natural resource finance, with focus on energy; using tools from corporate finance, with application to project finance as well as venture capital. In this course, students will study energy industry structure and terminology; financial statement analysis, capital budgeting and risk analysis, relative valuation, and risk management in the energy industry.
Students will also analyze case problems addressing various course topics and learn to apply finance theories to “real world” practice, which goes beyond energy to general environmental problems, such as in carbon as well as natural capital management.
Spring 2013 - MIIS
IEPG 8683 - DiffusnSustTechBottomOfPyramid
One third of the world’s population — more than 2 billion people — lacks access to modern energy services to meet their basic energy needs with deleterious impacts on health, gender equity, socioeconomic development, and the environment. Expanding access to cleaner, more efficient energy systems for cooking, productive uses of heat and to electricity is critical to achieve the Millennium Development Goals (MDGs) for reducing global poverty.
Successful project design and implementation requires an integrated approach, that addresses not only technical aspects but also the socio-cultural, financial and institutional barriers and opportunities that projects may face. This course will provide students with a framework needed to better understand and participate in the design, implementation and evaluation of rural energy systems that are socially, financially, physically, and environmentally sustainable. The learning from this course will also be applicable to other sustainable technologies, addressing issues related to natural resource management in general.
Specific questions to be addressed include:
Why do rural energy projects fail?
How does one improve adoption and use of the proposed systems?
How does a program increase financial affordability for low-income customers?
What are institutional barriers to energy projects and how does one address them?
Spring 2013 - MIIS
IPOL 8670 - BusinssModels&SustnablEnergy
MBAG 8561 / IMGT 8561 - Managerial Economics ▲
This course will cover the fundamental economic principles that can enable managers to make more efficient and economical decisions. Students will be provided with selected tools that can be used to aid and improve the making of economic decisions; that is, decisions involving choice. Economic principles, theories and models will be introduced and discussed in order to develop a basis for consistently considering and evaluating economic policies, practices and activities. Student’s ability to apply the material presented in print and in lecture will be the primary measure of success in this course.
Fall 2012 - MIIS, Fall 2013 - MIIS
MBAG 9670 - Energy & Environmntal Markets ▲
In the past 30 years, some of the largest industries have made the transition from a regulated to market-based paradigm. Managers in many transportation, information technology, and energy companies have had to devise strategies to cope with changes in economic regulations and the evolution of new markets and trading platforms. The energy industries feature a complex mix of regulation and market-driven incentives. As classic economic regulation of energy markets has been reduced, however, environmental concerns have increased and spawned a new set of regulations leading to new business challenges and opportunities.
Drawing on the tools of economics and finance, we study the business and public policy issues that these changes have raised in energy markets. Topics include the effects of competition, scarcity and seller market power on energy prices; the regulation and deregulation of energy markets; environmental impacts and policies related to energy production and use; the economics of alternative energy sources; the development and effect of organized spot, futures, and derivative markets in energy; antitrust and competition policy; and the transportation and storage of energy commodities. We examine the economic determinants of industry structure and evolution of competition among firms in these industries; investigate successful and unsuccessful strategies for entering new markets and competing in existing markets; and analyze the rationale for and effects of public policies in energy markets.
OBJECTIVES
• To introduce students to energy markets by examining the underlying economic principles.
• To demonstrate how antitrust and competition policy affects the functioning of energy markets.
• To introduce basic concepts in energy finance as related to the functioning of energy markets.
• To examine environmental impacts and economics of energy production and use.
• To understand how economics of alternative energy sources work differently from conventional ones.
Fall 2013 - MIIS
MBAG 9672 - Envrnmntl&NatrlResourceFinance
Energy is not only a multi-trillion dollar industry but is also closely linked to the global warming problem. Further, efficient natural resource management is becoming key to ensuring a sustainable future. Financing, in addition to technology and policy, will play a key part in addressing the twin goals of energy security and a greener planet.
This is a course on natural resource finance, with focus on energy; using tools from corporate finance, with application to project finance as well as venture capital. In this course, students will study energy industry structure and terminology; financial statement analysis, capital budgeting and risk analysis, relative valuation, and risk management in the energy industry.
Students will also analyze case problems addressing various course topics and learn to apply finance theories to “real world” practice, which goes beyond energy to general environmental problems, such as in carbon as well as natural capital management.
Spring 2013 - MIIS
MBAG 9683 - DiffusnSustTechBottomOfPyramid
One third of the world’s population — more than 2 billion people — lacks access to modern energy services to meet their basic energy needs with deleterious impacts on health, gender equity, socioeconomic development, and the environment. Expanding access to cleaner, more efficient energy systems for cooking, productive uses of heat and to electricity is critical to achieve the Millennium Development Goals (MDGs) for reducing global poverty.
Successful project design and implementation requires an integrated approach, that addresses not only technical aspects but also the socio-cultural, financial and institutional barriers and opportunities that projects may face. This course will provide students with a framework needed to better understand and participate in the design, implementation and evaluation of rural energy systems that are socially, financially, physically, and environmentally sustainable. The learning from this course will also be applicable to other sustainable technologies, addressing issues related to natural resource management in general.
Specific questions to be addressed include:
Why do rural energy projects fail?
How does one improve adoption and use of the proposed systems?
How does a program increase financial affordability for low-income customers?
What are institutional barriers to energy projects and how does one address them?
Spring 2013 - MIIS
