Printed 29 Mar 2020 http://www.lse.ac.uk/GranthamInstitute
Our latest work
Simulating the cascading effects of an extreme agricultural production shock: global implications of a contemporary US dust bowl event
Higher temperatures expected by midcentury increase the risk of shocks to crop production, while the interconnected nature of the current global food system functions to spread the impact of localized … read more »
Using supply-side policies to raise ambition: the case of the EU ETS and the 2021 review
Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. read more »
The role of national laws in managing flood risk and increasing future flood resilience
This paper explores the role of national laws in determining the nature of flood risk management (FRM) and in particular the ability to increase flood resilience in the context of climate change. The authors therefore call for a shift in FRM away from post-event activism towards forward-looking planning through an anticipatory resilience approach. read more »
Quantifying the distributional impact of energy efficiency measures
The authors of this paper exploit a large database of home energy efficiency upgrades and metered energy consumption to provide new evidence of the distributional impact of energy efficiency measures. read more »
Are financial markets aligned with climate action? New evidence from the Paris Agreement
This paper provides new evidence that financial markets value firms’ expansion into production of low carbon goods and services, but they remain cautious on divesting from the most polluting industries. read more »
Below 2⁰C – Insurance for a low carbon economy
This report provides a strategic overview of the potential effects of the low carbon transition on the general insurance market. Vivid Economics and experts from the London School of Economics … read more »
Distributional impacts of a carbon tax in the UK
This study explores the distributional impacts of a net-zero-consistent carbon price across different household types and income deciles in the UK; and examines which combination of interventions may reduce carbon consumption and still be progressive. The authors find that it is possible to design a revenue recycling scheme that leaves fuel-poor and low-income households better off while driving the transition to net-zero emissions in the UK by 2050. read more »
Delivering strong and sustainable growth in the UK: A special decade for innovation and investment
In advance of the Budget, this policy report highlights areas of the UK economy where the public sector could leverage private investment and in so doing contribute to achieving the strategic priorities of regionally balanced growth and decarbonisation. read more »
Owning the transition to net zero emissions
Presentation given at the International Petroleum Week event on 25th February 2020. During the presentation Bob Ward makes the case for the oil and gas industry to take ownership of the transition to net zero emissions. read more »
Seizing sustainable growth opportunities from zero emission passenger vehicles in the UK
The UK needs to adopt a strategic approach to decarbonisation and the transition to net-zero economic growth. This report focuses on the goods and services related to passenger vehicles, identifying the multiple areas in which the UK could be competitive: opportunities lie in diverse goods and services across value chains and stages of innovation. read more »
Why Japan is leading the TCFD wave
In this post for the Sustainable Finance Leadership series, Satoshi Ikeda sets out the reasons why Japan is leading the way in terms of businesses committing to reporting using the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD). read more »
What should investors know about the current state of corporate climate action?
How much progress are companies really making on climate change and to what extent are they on course to deliver the goals of the Paris Agreement on climate change? This commentary highlights the main findings from the new report from the investor-backed Transition Pathway Initiative. read more »
Coronavirus update
As from Thursday 19th March 2020 the Grantham Research Institute’s offices at LSE will be closed until further notice. All forthcoming events through until at least the end of April 2020 have also been cancelled. The closure of our offices and cancellation of events reflects the Institute’s and LSE’s commitment to the safety and wellbeing of our community. read more »
Response from Lord Stern to Budget 2020
Responding to today’s Budget, Lord Nicholas Stern, Chair of the Grantham Research Institute on Climate Change and the Environment and I.G. Patel Professor of Economics and Government at the London … read more »
Institute contributes to Lloyd’s report on insurance for a low carbon economy
The Grantham Research Institute has contributed to a new report on the transition to a low-carbon economy, published by Lloyd’s of London in collaboration with Vivid Economics. Dr Swenja Surminski … read more »
Hot topics
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.
Climate resilience and adaptation
How can we improve the resilience of countries, companies and communities to current and future change to the climate?
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?
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?
