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  • Baran Doda

    Research Officer

    Baran Doda is a Research Officer at the Grantham Research Institute on Climate Change and the Environment. He joined the institute in September 2011. His research focuses on the causes and consequences of anthropogenic climate change through the lens of macroeconomics.


    Baran completed his formal training in economics in Canada. He holds a PhD and an MA from the University of Toronto, and a BA from Simon Fraser University. He is also an alumnus of the United World College of the Adriatic, Italy. He was previously employed as an economist at the Bank of Canada, taught undergraduate economics in Canada and the UK, and worked as a freelance economics consultant.


    Research interests

    • Climate change mitigation polices;
    • Macroeconomics of climate change;
    • Green growth.


    Research article  22 October, 2015

    How to price carbon in good times … and bad!

    This article focuses on the relationship between the design of carbon pricing instruments and business cycle fluctuations. read more »

    Working paper  21 September, 2015

    Carbon dating: When is it beneficial to link ETSs?

    This paper proposes a simple framework to evaluate the economic advantage of regulating carbon emissions by linking the emissions trading systems (ETSs) of two jurisdictions versus operating them under autarky. … read more »

    Research article  2 February, 2015

    Are corporate carbon management practices reducing corporate carbon emissions?

    This paper is the first large scale, quantitative study of the impact of corporate carbon management practices on corporate greenhouse gas (GHG) emissions. Using data for 2009 and 2010 from the Carbon Disclosure Project survey, we find little compelling evidence that commonly adopted management practices are reducing emissions. read more »


    Working paper  15 October, 2014

    Why is geoengineering so tempting?

    Geoengineering can be defined as the technologies that aim to deliberately alter geophysical mechanisms in order to alleviate the impacts of climate change. It has received increasing attention by economists … read more »

    Research article  28 June, 2014

    Evidence on business cycles and CO2 emissions

    CO2 emissions and GDP move together over the business cycle. Most climate change researchers would agree with this statement despite the absence of a study that formally analyzes the relationship between emissions and GDP at business cycle frequencies. The paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their growth and cyclical components using the HP filter. read more »


    Working paper  1 June, 2013

    Emissions GDP relationship in times of growth and decline

    This empirical paper focuses on the relationship between changes in GDP and CO2 emissions as a country’s economy moves through periods of growth and decline. Using … read more »


    Working paper  1 April, 2012

    Evidence on CO2 emissions and business cycles

    CO2 emissions and GDP are positively correlated over the business cycle. Most climate change researchers would agree with the preceding intuitive statement despite the absence of … read more »

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    Policy report  12 December, 2014

    How to price carbon in good times… and bad

    Responsive cap-and-trade systems and carbon taxes can improve climate change policy by allowing higher greenhouse gas emissions during times of economic expansions and lower emissions during recessions. read more »


    Policy paper  1 January, 2011

    The 'surrender charge' on international units in the Australian ETS

    Cameron Hepburn, Sarah Chapman, Baran Doda, Chris Duffy, Samuel Fankhauser, James Rydge, Kathryn Smith, Luca Taschini and Alessandro Vitelli

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    In the news  8 April, 2016

    Here’s a way to make carbon markets work better

    Luca Taschini and Baran Doda explain how carbon markets could play a crucial role in delivering promises made at the Paris climate conference. read more »


    Announcement  29 January, 2013

    Cutting carbon: what works, what doesn’t? Grantham shares latest research findings at LSE Energy Society Conference

    Credits for all photographs: LSESU Energy Society Grantham Research Institute members David Grover and Baran Doda joined students from LSE and beyond, to talk about transparency and carbon reporting, as … read more »


    Commentary  12 September, 2012

    Book Review: The New North: Our World in 2050 by Laurence C. Smith

    What kind of world do we want? This is the question with which Laurence Smith ends his new book, The New North. I like that ending. It does not prescribe but allows the reader to contemplate the world in 2050 as a malleable object. read more »

    Commentary  26 April, 2012

    Our dirty secret? Getting to grips with national greenhouse gas outsourcing (PDF)

    Despite the UK’s success in reducing territorial emissions, we are importing significantly more emissions than ever we have shifted the production of many domestically consumed goods abroad, particularly to China. read more »

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    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 »

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