This content was created by Alberto Costa. This content was uploaded by Alberto Costa. This is a YouTube video titled "Biennale Venezia 2023" created on December 31, 2025, discussing research using Singapore as a test case for solar capacity installation, highlighting the importance of considering risk aversion in model predictions for realistic outcomes.
Using Singapore as a test case. Our research shows that without accurate information like the risk aversion of stakeholders, model predictions can be unrealistic. For example, all available space could be used to install photovoltaic systems only at the most convenient time period. When including risk aversion, installation happens incrementally at each time period, which is a much more realistic result. Model results can also be used to derive incentives necessary to achieve solar capacity installation targets.
