Emanuele Campiglio


Emanuele Campiglio joined the LSE in 2012. He first worked as a Post-Doctoral Researcher for the Grantham Research Institute, focusing on the macroeconomics of climate change mitigation and green growth, and then moved to the Department of Geography and Environment in September 2014, where he is a Fellow. He previously worked as a researcher on macroeconomic and ecological modelling at the New Economics Foundation. Emanuele holds a degree in Economics from Bocconi University and Masters and PhD degrees in Economics from the University of Pavia (Italy).


Research interests

  • Macroeconomics of sustainability
  • Growth theory
  • Ecological and environmental economics
  • Money and banking
  • Economic theory and modelling
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 »


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 … read more »

Working paper  15 July, 2014

Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy

It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in low-carbon investment. However, as this paper argues, carbon pricing in … read more »

Research article  24 June, 2014

The structural shift to green services: A two-sector growth model with public capital and open-access resources

An expansion of economic activities with low impact on ecological resources is a crucial component of the transition to a low-carbon society. “Green” structural change is analysed here through a model with a “progressive” manufacturing sector and a “stagnant” service sector. 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 »


Working paper  1 December, 2013

The structural shift to green services: a two-sector growth model with public capital and open-access resources

– Forthcoming in Structural Change and Economic Dynamics (Dec 2014). The expansion of the share of economic activity taking place in sectors with low or no … read more »

Research article  21 October, 2013

A simple model of income, aggregate demand and the process of credit creation by private banks

Forthcoming in Empirica External link to article External link to working paper Abstract This paper presents a small macroeconomic model describing the main mechanisms of the process of credit creation … 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  20 March, 2013

How can transportation policies affect growth? A theoretical analysis of the long-term effects of alternative mobility systems

External link to full article Abstract We present an example of how public policies affect the evolution of the economy by influencing consumption habits, life styles and work attitudes. In … read more »


Working paper  25 November, 2012

Who should pay for climate? The effect of burden-sharing mechanisms on abatement policies and technological transfers

Recent international environmental negotiations have highlighted the importance of establishing a commonly agreed approach to attribute climate change responsibilities. In this paper we investigate how choices … read more »

More in research publications

In the news  16 March, 2015

Poor Nations Need $400 Billion a Year in Climate Aid, Study Says

The Washington Post, 16 March

In the news  16 March, 2015

Helping poor countries tackle climate change is affordable, says study

Business Green, 16 March

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