Printed 22 Jan 2019 http://www.lse.ac.uk/GranthamInstitute
Our latest work
Searching for carbon leaks in multinational companies
This paper examines whether the European Union Emissions Trading System (EU ETS) has led companies to shift the location of production, thereby creating carbon leakage. read more »
Intertemporal emissions trading and market design: an application to the EU ETS
The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »
Steering the climate system: an extended comment
The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »
Pigou pushes preferences: decarbonisation and endogenous values
This paper explores the relationship between carbon prices and policies that change consumers’ preferences, concluding that taking the effects into account in economic models would enhance understanding of climate change mitigation policy, facilitating the transition to a low-carbon economy. read more »
Strategic implications of counter-geoengineering: clash or cooperation?
This research finds that the presence of counter-geoengineering would make the risk of unilateral action to cool the climate using solar geoengineering less likely, but not always with benign effects. read more »
Remarks from Eddie Bernice Johnson (Ranking Member of the House Committee on Science, Space, and Technology)
Remarks from Eddie Bernice Johnson (Ranking Member of the US Congressional House Committee on Science, Space, and Technology) to the Fall Meeting of the American Geophysical Union Communicating Climate Change: … read more »
Letter from Bob Ward to Congresswoman Eddie Bernice Johnson (Ranking Member US House Committee on Science, Space and Technology)
In this letter Bob Ward invites the Congresswomen to support efforts by American climate researchers to engage with polticians on climate change.
Climate change and the just transition – A guide for investor action
A ‘just transition’ for workers and communities as the world’s economy responds to climate change was included within the Paris Agreement. This guide sets out how investors can address the social dimension of climate change and pursue the goal of a just transition as part of their core operating practices. read more »
Sustainable growth in the UK: Seizing opportunities from technological change and the transition to a low-carbon economy
This special report for the LSE Growth Commission shows why it is sensible for environmental sustainability to be at the heart of the UK’s growth strategy and how this can be achieved, setting out recommendations for government across the areas of innovation, infrastructure, skills and cities. read more »
Mexico’s General Law on Climate Change: Key achievements and challenges ahead
In 2012 Mexico became the first large oil-producing emerging economy to adopt climate legislation. This study assesses the impact of the General Law on Climate Change to date and draws lessons learnt for Mexico and other countries that are currently developing climate change legislation. read more »
Sustainable finance in troubling times: five actions to prevent market turbulence turning into a crisis
Sustainable finance ended 2018 on a high. Never before has so much capital been committed to integrating environmental, social and governance factors. But financial markets also entered an unnerving cycle. If we are not careful, growing financial turbulence could divert attention away from the urgent need to scale up investment in climate action and sustainable development, writes Nick Robins. read more »
Are smart meters good for UK households?
How realistic are the predicted savings to household energy bills from installing a smart meter? And how robust is the evidence behind the figures? Greer Gosnell and Daire McCoy investigate, in the second of two posts on smart meters. read more »
Another humiliation for British climate change deniers and their promoters in the media
‘The Daily Telegraph’ has been forced today to publish corrections to an error-filled article about climate and energy policy by the newspaper’s former editor after it was ruled to be … read more »
Why the UK’s smart meter rollout needs to be smarter
With recent reports criticising the UK Government’s rollout of its smart meter implementation programme, Greer Gosnell and Daire McCoy review the costs and benefits and call for a revamp, particularly of consumer engagement. read more »
A Nobel Prize for the creator of an economic model that underestimates the risks of climate change
The 2018 Nobel Prize for Economics has focused a spotlight on the ongoing controversy surrounding estimates of the potential impacts of climate change. On 8 October, The Royal Swedish Academy … read more »
Hot topics
President Trump
What are the implications of the Trump presidency for US and global efforts to tackle climate change?
Economic competitiveness
Are environmental policies a threat to economic competitiveness?
Clean energy
How will the UK and Europe make the transition to a low-carbon power sector at the lowest cost?
Implementing the Paris Agreement
Research and analysis produced in the run up to and aftermath of the Paris Agreement.
Green growth
Can environmental policies deliver increased economic growth and prosperity?
UK policy
A key strand of our work is focused on engaging decision-makers in the UK on policy issues related to climate change and the environment.
