Gianni Ruta


Gianni Ruta

Former PhD student

Gianni’s research applies microeconomic theory to the analysis of international finance mechanisms for climate change adaptation. The research is part of the Grantham Reseach institute’s broader adaptation work program.


Gianni is currently on leave from the World Bank’s environment department, where he has worked as an environmental economist for the past ten years. He has worked extensively on green accounting, environmental indicators and climate change in low income countries.

Research interests

  • Contract theory;
  • Environmental and natural resource economics;
  • Climate change adaptation;
  • Climate change and trade;
  • Green accounting.


Working paper  1 April, 2012

Trade, climate change and the political game theory of border carbon adjustments

The lack of real progress at the Durban climate change conference in 2011—postponing effective action until at least 2020—has many causes, one of which is the … read more »


Research article  20 May, 2011

Trade in 'virtual carbon': empirical results and implications for policy

The fact that developing countries do not have carbon emission caps under the Kyoto Protocol has led to the current interest in high income countries in border taxes on … read more »

Research article  24 January, 2011

The Changing Wealth of Nations: measuring sustainable development in the New Millennium

Close to one third of the wealth of low-income countries comes from their “natural capital” which includes forests, protected areas, agricultural lands, energy and minerals, according to a new … read more »

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Policy publications  1 September, 2010

Adaptation in the UK: a decision-making process

Climate change is one of the most significant challenges we face. It will impact the UK population, environment and economy in many ways; including health, water supplies, food, … read more »

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Seminars 19 Oct 2011

Gianni Ruta - Agency problems in climate change adaptation financing

Part of the Grantham PhD seminar series Economic impacts caused by weather-related extreme events and gradual climate change will hurt developing country economies the most. International financial transfers are increasingly … read more »

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