Karlygash Kuralbayeva


Karlygash is a Fellow in Environmental Economics at the Department of Geography and Environment, LSE. Prior to this she was a Research Officer at the Grantham Research Institute. Karlygash works on macroeconomic aspects of climate change policies, and interactions between environmental policies and business cycles.


Karlygash held a research position at OxCarre (Oxford Centre for the Analysis of Resource Rich Economies), University of Oxford, worked as consultant at the World Bank, and as an economist at Credit Suisse (London).

Karlygash holds a PhD in Economics from the University of Oxford.

Research interests

  • The macroeconomic aspects of climate change;
  • Green growth.


Working paper  18 January, 2018

To build or not to build? Capital stocks and climate policy

To achieve the goals of the Paris Agreement, the use of fossil fuels must peak and then rapidly decline. This research investigates the impact of climate change policy on capital invested in fossil fuel power plants, especially coal - so-called ‘dirty’ assets. read more »


Working paper  27 January, 2015

The price vs quantity debate: climate policy and the role of business cycles

What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman’s result … read more »


Working paper  1 November, 2013

Effects of carbon taxes in an economy with large informal sector and rural-urban migration

I build an equilibrium search and matching model of an economy with an informal sector and rural-urban migration to analyse the effects of budget-neutral green tax … read more »

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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 »

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Grantham Workshop 31 May 2017

Grantham Workshop | Elizabeth Baldwin & Karlygash Kuralbayeva 'Build today, regret tomorrow? Infrastructure and climate policy'

Elizabeth Baldwin, a Visiting Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics, and Karlygash Kuralbayeva, a Research Officer  at the Grantham Research Institute … read more »


Seminars 25 May 2016

Grantham Seminar | Natural assets: surfing a wave of economic growth

Grantham seminar introduced and chaired by Karlygash Kuralbayeva, Research Officer at the Grantham Research Institute Samuel Wills, ESRC Future Research Leaders Fellow at Oxford University, will present his new paper ‘Natural Assets: … read more »


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 »


Grantham Workshop 29 Oct 2014

Grantham Workshop - Karlygash Kuralbayeva - "Price Vs Quantity debate: the role of business cycle"

Karlygash Kuralbayeva, a Research Officer at the Grantham Research Institute will be the speaker for this seminar.

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