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Email Alex Bowen

Department/Group
Policy

Research topic
  • Growth and innovation

  • Dr Alex Bowen

    Special Adviser

    Background

    Alex is now a special adviser to the Grantham Research Institute, working part-time.  Until December 2016, he was a Principal Research Fellow at the Institute.  Before joining the London School of Economics and Political Science, Alex worked at the Bank of England, his final post being as a Senior Policy Adviser on monetary policy issues.  Alex’s current research interests were stimulated by his sabbatical year away from the Bank working as senior economic adviser to ‘The Economics of Climate Change:  The Stern Review’.

    Alex has worked recently with the OECD and ILO on inclusive labour markets and green growth and with colleagues on the financial stability implications of climate change and policies to combat it.  Dr Bowen has also been a consultant to the World Bank, EBRD, Asian Development Bank Institute, UK DFID and UK DECC.

    Alex graduated in economics from Clare College, Cambridge, and received a PhD in Economics from the Massachusetts Institute of Technology, where he studied as a Kennedy Scholar.

    Policy and research interests

    • The macroeconomic and labour-market aspects of climate-change and other environmental policies
    • ‘Green’ growth and industrial policy
    • The design of policy regimes for tackling harmful climate change
    • Climate finance
    • The impact of climate change and efforts to combat it on financial stability

     

    2016

    Research article  4 April, 2016

    ‘Climate value at risk’ of global financial assets

    Investors and financial regulators are increasingly aware of climate change risks. So far, most of the attention has fallen on whether controls on carbon emissions will strand the … read more »

    2015

    Research article  12 October, 2015

    An ‘equal effort’ approach to assessing the North–South climate finance gap

    This study employs a number of Integrated Assessment Models to determine what the optimal financial transfers between high-income and developing economies would be if climate mitigation effort, measured as mitigation costs as a share of gross domestic product, were to be divided equally across regions through a global carbon market. read more »

    Working paper  16 March, 2015

    The ‘optimal and equitable’ climate finance gap

    This study uses a number of Integrated Assessment Models to determine what the optimal financial transfers between high-income and developing economies would be if climate mitigation costs were to be divided equally across regions. read more »

    2014

    Research article  16 December, 2014

    Post-2020 climate agreements in the major economies assessed in the light of global models

    Integrated assessment models can help in quantifying the implications of international climate agreements and regional climate action. This paper reviews scenario results from model intercomparison projects to explore different possible … read more »

    Research article  18 November, 2014

    Green growth: an assessment

    ‘Green growth’ is almost tautologically required for global welfare to rise in the long run. Economic growth is desirable, not least because over 1 billion people still live in conditions … read more »

    Book  11 November, 2014

    Green growth

    Ch. 15 in Atkinson, G., Dietz, S., Neumayer, E., and M. Agarwala (Ed.s) (2014): Handbook of sustainable development, 2nd edition, Edward Elgar, Cheltenham, UK. ISBN 978 1 78254 469 2. … read more »

    Book  23 May, 2014

    The Global Development of Policy Regimes to Combat Climate Change

    This book focuses on the prospects for global agreement on climate change, how to encourage compliance with any such agreement and perspectives of key players in the negotiations. read more »

    Research article  18 March, 2014

    A macroeconomic perspective on climate change mitigation: Meeting the financing challenge

    Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. read more »

    2013

    Research article  12 October, 2013

    Who will win the green race? In search of environmental competitiveness and innovation

    Fankhauser, Samuel, Bowen, Alex, Calel, Raphael, Dechezlepretre, Antoine, Grover, David, Rydge, James and Sato, Misato (2013) Who will win the green race? In search of environmental competitiveness and innovation. Global … read more »

    Working paper  1 August, 2013

    A macroeconomic perspective on climate change mitigation: Meeting the financing challenge

    –  Forthcoming in Climate Change Economics (August 2014) (read article) Transitioning to a low-carbon economy will require significant investment to transform energy systems, alter the built … read more »

    Research article  1 March, 2013

    Prosperity with Growth: Economic Growth, Climate Change and Environmental Limits

    Bowen, Alex and Hepburn, Cameron. 2013. Chapter in Handbook On Energy And Climate Change

    Book  27 January, 2013

    Low-Carbon Green Growth in Asia: Policies and Practices

    Joint study by the Asian Development Bank and Asian Development Bank Institute. read more »

    2012

    Research article  20 December, 2012

    'Green growth': what does it mean?

    What is green growth? read more »

    Working paper  1 November, 2012

    Who will win the green race? In search of environmental competitiveness and innovation

    As the world considers greener forms of economic growth, countries and sectors are beginning to position themselves for the emerging green economy. This paper combines patent … read more »

    Working paper  1 November, 2012

    Prosperity with growth: economic growth, climate change and environmental limits

    Debate about the relationship between environmental limits and economic growth has been taking place for several decades. These arguments have re-emerged with greater intensity following advances … read more »

    Working paper  1 April, 2012

    ‘Green’ growth, ‘green’ jobs and labour markets

    ‘Green’ growth, ‘green’ jobs and labour markets read more »

    2011

    Research article  20 October, 2011

    The green growth narrative: paradigm shift or just spin?

    Reference Bowen, A., and Fankhauser, S. October 2011. The green growth narrative: paradigm shift or just spin? Global Environmental Change, v.21, pp.1157-1159. External link to full article|

    Research article  20 June, 2011

    Raising finance to support developing country action: some economic considerations

    This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that, first, there is an important role … read more »

    Research article  20 January, 2011

    Low-carbon development for the least developed countries

    The contribution of the least developed countries (LDCs) to the greenhouse gas problem is very small. LDCs accounted for just over 4% of global greenhouse gas (GHG) emissions in … read more »

    Working paper  1 January, 2011

    Raising finance to support developing country action: some economic considerations

    This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that:First, there is an … read more »

    2010

    Research article  18 March, 2010

    Environmental policy and the economic downturn

    This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global economic downturn of 2008–9 for environmental policies, focusing in particular … read more »

    Working paper  22 January, 2010

    Environment policy and the economic downturn

    We consider how environmental policies should respond to macroeconomic downturns. We first explore the implications of the global economic downturn of 2008-2009 for environmental policies, focusing, … read more »

    More in research publications

    2016

    Policy report  26 February, 2016

    The effects of climate change on financial stability, with particular reference to Sweden

    This report is part of Finansinspektionen´s (FI’s) response to a request from the Swedish government to “Analyse and in a written report outline how environmental and climate change may affect … read more »

    Policy report  26 January, 2016

    ‘Green growth’ and the new Industrial Revolution

    This policy brief summarises the main policy implications of a two-year research programme, sponsored by the Global Green Growth Institute (GGGI), which aimed to contribute to the growing evidence base on green growth. read more »

    2015

    Policy report  9 November, 2015

    Carbon pricing: how best to use the revenue?

    Headline issue  Putting a price on greenhouse gas emissions – carbon pricing – is a powerful tool to encourage reductions in emissions and innovations in low-carbon technologies across all sectors of … read more »

    Policy report  26 March, 2015

    Looking for green jobs: the impact of green growth on employment

    Assessing the consequences of environmental policies for employment presents a considerable challenge, and at present it is not possible for policy-makers to assess conflicting claims about the quality and quantity of green jobs that have already been created, or may be created in the future. read more »

    2014

    Policy report  1 May, 2014

    The US and Action on Climate Change

    Bowen, Alex, 2014. Chapter in: The Global Development of Policy Regimes to Combat Climate Change, World Scientific Publishing. Link to publisher

    Policy report  1 May, 2014

    The Scope for “Green Growth” and a New Technological Revolution

    Bowen, Alex, 2014. Chapter in: The Global Development of Policy Regimes to Combat Climate Change, World Scientific Publishing. Link to publisher

    2013

    Policy report  4 November, 2013

    Energy use policies and carbon pricing in the UK

    Energy use policies and carbon pricing in the UK read more »

    2011

    Policy report  1 August, 2011

    Climate change policy in the United Kingdom

    The Grantham Research Institute for Climate Change and the Environment and the Centre for Climate Change Economics and Policy (CCCEP) have published a policy paper, originally commissioned as a working … read more »

    Policy report  2 January, 2011

    The Economics of Climate Change

    Alex Bowen and James Rydge, 2011. Chapter in: The Governance of Climate Change: Science, Politics and Ethics Link to publisher

    2010

    Policy report  1 August, 2010

    Mitigating climate change through reductions in greenhouse gas emissions: is it possible to limit global warming to no more than 1.5°C?

    The Parties to the United Nations Framework Convention on Climate Change (UNFCCC) are contemplating a range of goals for limiting the rise in global average temperature that is … read more »

    2009

    Policy report  1 December, 2009

    Mitigating climate change through reductions in greenhouse gas emissions: the science and economics of future paths for global annual emissions

    Mitigating climate change through reductions in greenhouse gas emissions: the science and economics of future paths for global annual emissions read more »

    Policy paper  22 September, 2009

    Meeting the Climate Challenge: Using Public Funds to Leverage Private Investment in Developing Countries

    ‘Meeting the Climate Challenge: Using Public Funds to Leverage Private Investment in Developing Countries’ is the output of a public/private discussion coordinated by Lord Nicholas Stern, Chair of the Grantham … read more »

    Policy paper  2 April, 2009

    Towards a Global Green Recovery: recommendations for immediate G20 action

    Nico Bauer (PIK), Alex Bowen (GRI, LSE), Steffen Brunner (PIK), Ottmar Edenhofer (PIK), Christian Flachsland (PIK ), Michael Jakob ( PIK ) and Nicholas Stern ( GRI LSE ), April … read more »

    Policy report  1 February, 2009

    An outline of the case for a 'green' stimulus

    Alex Bowen, Samuel Fankhauser, Nicholas Stern and Dimitri Zenghelis  

    More in policy publications

    Commentary  1 June, 2017

    President Trump getting inaccurate and misleading advice about Paris Agreement on climate change

    President Trump is due to make an announcement later today about whether he intends to withdraw the United States from the Paris Agreement on climate change, following many weeks of … read more »

    2016

    In the news  1 May, 2016

    Sovereign funds ignore climate risk

    Financial Times, 1 May

    In the news  14 April, 2016

    The Data Says Climate Change Could Cost Investors Trillions

    Harvard Business Review, 14 April

    In the news  5 April, 2016

    Global warming risks trillions: Study

    CNBC, 5 April

    In the news  5 April, 2016

    Climate change could cost the world £1.8tn if left unchecked

    The Week, 5 April

    In the news  5 April, 2016

    Climate change will wipe $2.5tn off global financial assets: study

    Guardian, 4 April


    2015

    In the news  11 December, 2015

    The $100 Billion Key to a Global Deal at UN Climate Change Talks

    Bloomberg, 3 December Content only available to subscribers

    In the news  10 November, 2015

    Study: Green revenues could help tackle the deficit

    BusinessGreen, 9 November

    In the news  10 November, 2015

    ‘Green revenues’ could help fund public spending and pay off national debts

    EurActiv, 9 November

    Commentary  29 July, 2015

    A cost-effective balance between taxes on fossil fuel pollution and support for cleaner alternatives

    There is a danger that the current tinkering to subsidies and taxes affecting renewables in the UK will result in incoherence that will hinder efforts to reduce greenhouse gas emissions. read more »

    2012

    Commentary  16 April, 2012

    ‘Green’ growth, ‘green’ jobs and labor markets

    Much of the attraction of ‘green’ growth to politicians and policy-makers is the apparent promise of job creation.  Many developing countries face the prospect of rapidly growing labor forces, so … read more »

    Commentary  28 February, 2012

    Putting the case forward

    Carbon Trading (March issue; pages 34-35)

    2011

    Commentary  26 August, 2011

    Green growth: paradigm shift or just spin?

    There is much talk at the moment about green growth – environmentally sustainable, biodiverse, low-carbon and climate-resilient growth in human prosperity. Climate & Development Knowledge Network

    Commentary  3 August, 2011

    Climate pragmatism or climate illusion?

    With the Republican Party and a good many Democrats currently opposed to sanctioning any meaningful reduction in greenhouse gas emissions, United States climate policy, at least at federal level, appears … read more »

    Commentary  4 July, 2011

    Why the EU should be cutting its greenhouse gas emissions by 30% by 2020

    On 5 July 2011, the European Parliament will be asked to endorse an increase in the European Union’s target for greenhouse gas reductions, from 20 to 30 per cent by … read more »

    Announcement  16 March, 2011

    Grantham staff contribute to OECD’s Economic Survey of the United Kingdom 2011

    The OECD report concluded that, "to meet ambitious climate change targets [in the UK] and reduce emissions, higher and more consistent carbon prices are needed. Climate change is a global challenge, and working for higher, more broadly based and stable carbon prices within the European Union should be a priority." read more »

    2010

    Commentary  5 October, 2010

    Temperature goals heat China climate talks

    The Conservative party conference in Birmingham may be the focus of UK politics this week, but government representatives will be taking part in crucial discussions in China that could have … read more »

    Commentary  2 September, 2010

    Joint Critique of Bjørn Lomborg's Pronouncements on Climate Change

    The Guardian, 2 September  2010

    2009

    Commentary  24 April, 2009

    Tiny steps in a marathon

    Nicholas Stern, Alex Bowen and Sam Fankhauser: We still have a long way to go, but this week’s climate decisions inch us towards the big target the Guardian

    Commentary  24 February, 2009

    Opportunities that are too good to miss

    Governments can commit to plans stimulating economic recovery and sustainable low-carbon growth the Guardian

    More in news

    2015

    Conferences 26 Mar 2015

    Green Growth and the New Industrial Revolution

    Keynote Speakers Professor Cameron Hepburn, University of Oxford and Grantham Research Institute Simon Upton, Environment Director, OECD Chairs Professor Dame Judith Rees, Grantham Research Institute Professor Sam Fankhauser, Grantham Research … read more »

    2014

    Policy Seminars 20 Mar 2014

    A post-growth society for the 21st century. Does prosperity have to wait for the return of economic growth?

    Grantham Research Institute hosted a policy seminar in collaboration with IDDRI. Lucas Chancel presented the key findings of A post-growth society for the 21st century by IDDRI. The … read more »

    2012

    Grantham Workshop 19 Apr 2012

    International Climate Finance

    Downloads Financing needs Chair: Richard Green, Imperial College Erik Haites (Magree) ‘Funding needs for mitigation’ Paul Watkiss (SEI) ‘Future funding needs: adaptation’ Morgan Hervé-Mignucci (CPI Venice) ‘Current funding: the landscape … read more »

    Grantham Workshop 13 Mar 2012

    The Global Development Post-Durban Of Policy Regimes To Combat Climate Change

    Hosted by the Centre for Climate Change Economics and Policy (CCCEP) and Competitive Advantage in the Global Economy (CAGE) Downloads The outlook for international climate-change mitigation policies post-Durban Professor Nicholas … read more »

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    2014

    Book  11 November, 2014

    Green growth

    Ch. 15 in Atkinson, G., Dietz, S., Neumayer, E., and M. Agarwala (Ed.s) (2014): Handbook of sustainable development, 2nd edition, Edward Elgar, Cheltenham, UK. ISBN 978 1 78254 469 2. … read more »

    Book  23 May, 2014

    The Global Development of Policy Regimes to Combat Climate Change

    This book focuses on the prospects for global agreement on climate change, how to encourage compliance with any such agreement and perspectives of key players in the negotiations. read more »

    2013

    Book  27 January, 2013

    Low-Carbon Green Growth in Asia: Policies and Practices

    Joint study by the Asian Development Bank and Asian Development Bank Institute. read more »

    More in book publications