In this work we look at the development of a public policy framework to transition mass transit fleets in the UK from existing diesel propulsion to net-zero or near-net-zero propulsion systems. The analysis will look at the financing requirements and the design of battery-electric, hybrid-electric and hydrogen fuel cell fleets in terms of costs and subsidization requirements for transition and medium-term operations.
The research work will deliver the design of a covered bond (green bond) to finance the roll out of such fleets in the absence of the EIB lending facility in a post-Brexit UK. This will include the full ratings agency data analysis, yield structure, stress indices and “road show” materials. It would also include an outline of the required legislative and statutory instrument changes and potential public procurement/state aid regulatory changes that would be required to make the project viable under different population, topographical and propulsion scenarios.
This project is offered within the Centre for Doctoral Training in Advanced Automotive Propulsion Systems (AAPS CDT). The Centre aims to create a diverse and stimulating environment where you can deepen your knowledge in your discipline through your PhD whilst giving breath to your skills through collaborations.
Prospective students will be applying for the integrated PhD programme run by AAPS CDT which includes a one-year MRes (full time) followed by a PhD programme. The MRes course will be conducted as a cohort with a focus on technology, team-working and research skills. On successful completion of the MRes, you will progress to a PhD programme which can be conducted on a full-time or part-time basis.
AAPS-CDT is determined to create a welcoming and inclusive environment for all members. The whole CDT community will come together at specific events during the calendar year, most notably the induction events, workshops and guest lectures. All new students joining the CDT will be assigned both an academic personal tutor and a student mentor. Each student will be assigned a minimum of 2 academic supervisors at the point of starting their PhD.
Funding is available for four-years (full time equivalent) for UK students.
See our website to apply or for more details