Dr Simon Dietz

Co-Director

Since March 31 2011, Simon has been Co-Director of the Grantham Research Institute on Climate Change and the Environment, along with Professor Samuel Fankhauser, and Professor Judith Rees.

Simon has worked at LSE since 2006, and joined the Grantham Research Institute upon its launch in 2008.

Simon also holds the following positions:

Background

Previously, Simon worked at the UK Treasury, as an economic adviser on the ‘The Stern Review on the Economics of Climate Change’.

Simon holds a starred first class honours degree in Environmental Science from the University of East Anglia, and Masters and PhD degrees from LSE, specialising in environmental policy and economics.

Research interests

  • Decision-making under uncertainty;
  • Questions of equity/social justice within and between generations;
  • The links between economic growth and the environment;
  • International environmental agreements.
Dr_Simon_Dietz
Research article  18 November, 2014

Climate change mitigation as catastrophic risk management

Since Nicholas Stern published his influential 'Review on the Economics of Climate Change' for the British government in 2006, economists have become increasingly interested in how the value of climate policy, especially the reduction of greenhouse gas emissions at the global level, depends on risk and uncertainty. New lines of research make the case that mitigating climate change is above all an exercise in catastrophic risk management. read more »

782544692
Book  8 October, 2014

Handbook of Sustainable Development

This Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be measured and achieved. read more »

Working paper  15 September, 2014

Running with the red queen: an integrated assessment of agricultural land expansion and global biodiversity decline

Modern agriculture relies on a small number of highly productive crops and the continued expansion of agricultural land area has led to a significant loss of biodiversity. In this paper … read more »

Working paper  29 July, 2014

Global population growth, technology, and Malthusian constraints: a quantitative growth theoretic perspective

Global population growth, technology, and Malthusian constraints: a quantitative growth theoretic perspective read more »

Copyright University Corporation for Atmospheric Research licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License
Working paper  16 June, 2014

Endogenous growth, convexity of damages and climate risk: how Nordhaus’ framework supports deep cuts in carbon emissions

Endogenous growth, convexity of damages and climate risk: how Nordhaus’ framework supports deep cuts in carbon emissions read more »

Research article  1 January, 2014

Adaptation to climate change and economic growth in developing countries

Published in: Environment and Development Economics Abstract Developing countries are vulnerable to the adverse effects of climate change, yet there is disagreement about what they should do to protect themselves … read more »

2013

Examining graphs with other people on background
Research article  21 November, 2013

Benefit–cost analysis of non-marginal climate and energy projects

Conventional benefit–cost analysis incorporates the normally reasonable assumption that the policy or project under examination is marginal. Among the assumptions this entails is that the policy or project is … read more »

Working paper  1 October, 2013

Spaces for agreement: a theory of Time-Stochastic Dominance

Many investments involve both a long time-horizon and risky returns. Making investment decisions thus requires assumptions about time and risk preferences. In the public sector in … read more »

Working paper  1 October, 2013

Is there space for agreement on climate change? A non-parametric approach to policy evaluation

Economic evaluation of climate policy is notoriously dependent on assumptions about time and risk preferences, since reducing greenhouse gas emissions today has a highly uncertain pay-off, … read more »

Research article  21 September, 2013

Tall tales and fat tails: the science and economics of extreme warming

It has recently been highlighted that the economic value of climate change mitigation depends sensitively on the slim possibility of extreme warming. This insight has been obtained through a … read more »

Research article  21 May, 2013

Scientific ambiguity and climate policy

Environmental and Resource Economics. Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. read more »

Research article  21 March, 2013

Vulnerability to weather disasters: the choice of coping strategies in rural Uganda

When a natural disaster hits, the affected households try to cope with its impacts. A variety of coping strategies, from reducing current consumption to disposing of productive assets, may … read more »

2012

Working paper  1 November, 2012

Ambiguity and insurance: robust capital requirements and premiums

Many insurance and reinsurance contracts are contingent on events such as hurricanes, terrorist attacks or political upheavals whose probabilities are not known with precision. There is … read more »

Working paper  1 October, 2012

Vulnerability to weather disasters: the choice of coping strategies in rural Uganda

When a natural disaster hits, the affected households try to cope with its impacts. A variety of coping strategies may be employed, from reducing current consumption … read more »

Working paper  1 August, 2012

Domestic politics and the formation of international environmental agreements

The theory of international environmental agreements overwhelmingly assumes that governments engage as unitary agents. Each government makes choices based on benefits and costs that are simple … read more »

Research article  24 May, 2012

The treatment of risk and uncertainty in the US Social Cost of Carbon for Regulatory Impact Analysis

This note considers the treatment of risk and uncertainty in the recently established ‘social cost of carbon’ (SCC) for analysis of federal regulations in the United States. It argues … read more »

Research article  20 May, 2012

Climate policy under sustainable discounted utilitarianism

Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which … read more »

2011

Research article  20 December, 2011

High impact, low probability? An empirical analysis of risk in the economics of climate change

To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the contention increasingly made … read more »

Working paper  1 September, 2011

A representation result for choice under conscious unawareness

There are many examples in policy making, investment and day-to-day life where the set of contingencies the decision maker can conceive of does not resolve all … read more »

Working paper  1 July, 2011

The treatment of risk and uncertainty in the US Social Cost of Carbon for Regulatory Impact Analysis

This note considers the treatment of risk and uncertainty in the recently established ‘social cost of carbon’ (SCC) for analysis of federal regulations in the United … read more »

Working paper  1 March, 2011

Climate policy under sustainable discounted utilitarianism

Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the … read more »

Book  1 February, 2011

The Political Economy of the Environment: an Interdisciplinary Approach

Dietz, S., Michie, J., and Oughton, C., editors. 2011. Routledge, Abingdon.

Research article  19 January, 2011

Strategic appraisal of environmental risks: a contrast between the UK's Stern Review on the Economics of Climate Change and its Committee on Radioactive Waste Management

In this article, we compare two high-profile strategic policy reviews undertaken for the U.K. government on environmental risks: radioactive waste management and climate change. These reviews took very different … read more »

2010

Research article  19 August, 2010

Environmental prices, uncertainty and learning

There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivize private behaviour. In practice, setting that price can be extremely … read more »

Research article  19 August, 2010

The equity-efficiency trade-off environmental policy: evidence from stated preferences

The design of environmental policy raises several equity issues, in particular the distribution of benefits and costs. At the same time, it has often been argued that there is … read more »

Working paper  1 March, 2010

On non-marginal cost-benefit analysis

Conventional cost-benefit analysis incorporates the normally reasonable assumption that the policy or project under examination is marginal in the sense that it will not significantly change … read more »

2009

Working paper  1 December, 2009

From efficiency to justice: utility as the informational basis of climate change strategies, and some alternatives

The aim of this paper is to consider, from an ethical point of view, the role that economics should play in evaluating climate change strategies. Economics has … read more »

Working paper  1 September, 2009

High impact, low probability? An empirical analysis of risk in the economics of climate change

To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the … read more »

Research article  17 July, 2009

New frontiers in the economics of climate change

New frontiers in the economics of climate change read more »

Working paper  1 July, 2009

Strategic appraisal of environmental risks: a contrast between the UK's Stern Review on The Economics of Climate Change and its Committee on Radioactive Waste Management

We compare two strategic policy reviews undertaken for the UK Government on environmental issues: radioactive waste management and climate change. These reviews took very different forms, … read more »

Research article  18 June, 2009

Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change

Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the … read more »

Research article  17 March, 2009

On the timing of greenhouse gas emissions reductions: a final rejoinder to the symposium on "The Economics of Climate Change: The Stern Review and its Critics

In this final rejoinder to the symposium on “The Economics of Climate Change: The Stern Review and Its Critics,” we respond to comments published in the last issue of this journal … read more »

Research article  1 January, 2009

Economics and the governance of sustainable development. Governing Sustainability: essays in honour of Tim O'Riordan

In this chapter we assess the role of economics in governance for sustainable development. Firstly, we ask how has the‘mainstream’ environmental and resource economics paradigm helped us understand the … read more »

2008

Research article  17 March, 2008

Economics, ethics and climate change. Arguments for a Better World

There may never have been an instance of environmental pollution to challenge our powers of analysis and evaluation quite like climate change. Global in its causes and consequences, spanning … read more »

More in research publications

Policy paper  1 February, 2014

Non-economic losses in the context of the UNFCCC work programme on loss and damage

Sam Fankhauser, Simon Dietz and Phillip Gradwell

2010

Policy report  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 »

2007

Policy paper  18 June, 2007

Right for the Right Reasons: A Final Rejoinder on the Stern Review

Simon Dietz, Dennis Anderson, Nicholas Stern, Chris Taylor & Dimitri Zenghelis. World Economics 8.2, pp.229-258, 2007 – Link to publisher

Policy paper  18 March, 2007

Reflections on the Stern Review: A Robust Case for Strong Action to Reduce the Risks of Climate Change

Simon Dietz, Chris Hope, Nicholas Stern & Dimitri Zenghelis. World Economics 8.1, pp.121-168, 2007 – Link to publisher

More in policy publications

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Announcement  30 June, 2014

Outstanding publication award

A paper by Antony Millner (Research Fellow ) and Simon Dietz (Co-Director) of the Grantham Research Institute, and Geoffrey Heal from Columbia University, has won the EAERE Award for outstanding … read more »

whatsinnews
In the news  16 June, 2014

Models 'grossly underestimate' costs of global warming, Nicholas Stern says

Existing economic models “grossly underestimate” the costs of global warming, undermining the urgency for deep cuts in greenhouse gas emissions, according to a new paper by leading UK climate change … read more »

In the news  16 June, 2014

Climate change will ‘cost world far more than estimated’

Lord Stern says current models do not adequately reflect the science and the impact on global economies The Independent

2012

Commentary  5 December, 2012

Why do we see unilateral action on climate change?

In keeping with expectations, recent multilateral climate change talks in Doha have achieved very little. Yet, the good news is that unilateral action is on the up. This column argues … read more »

Announcement  4 December, 2012

Simon Dietz delivers lecture on the future of negotiating climate change

Dr. Simon Dietz, Co-Director of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science delivered a lecture on the future … read more »

2011

Announcement  19 December, 2011

Grantham staff receive 'Best Paper Award 2011' by the Journal Risk Analysis

Simon Dietz and Alec Morton have written one of 2011's best research articles, according to the Society for Risk Analysis, for their published paper 'Strategic appraisal of environmental risks: a contrast between the UK's Stern Review on the Economics of Climate Change and its Committee on Radioactive Waste Management'. read more »

Announcement  14 July, 2011

Simon Dietz contributes a section in new report on climate risks and carbon prices

Dr Simon Dietz of the Grantham Research Institute has contributed a section on 'Revising the social cost of carbon' in a new report on 'Climate risks and carbon prices: revising the social cost of carbon', published by the E3 Network read more »

2010

Commentary  2 September, 2010

Joint Critique of Bjørn Lomborg's Pronouncements on Climate Change

The Guardian, 2 September  2010

Commentary  2 September, 2010

Still wary of Bjørn Lomborg's pronouncements on climate change

Bjørn Lomborg’s change of mind on climate change is welcome, and some of his suggestions good, but your glowing review of his new book failed to examine deeply his shift … read more »

Commentary  1 September, 2010

Ambiguity is another reason to mitigate climate change

The answers to “How much should people sacrifice today for the benefit of those living several decades from now?” vary widely. This column suggests that people’s distaste for uncertainty – … read more »

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2015

ESS-climate_2015
LSE Executive Summer School 29 Jun 2015

Climate Change: Economics and Governance - LSE Executive Summer School

Multi-disciplinary five-day course provides an in-depth overview of the economics and governance of climate change, and the risks and opportunities they present for a range of organisations. read more »

2014

LSE Executive Summer School 23 Jun 2014

Climate Change: Economics and Governance

This multi-disciplinary five-day course provides an in-depth overview of the economics and governance of climate change read more »

Policy Seminars 14 Jan 2014

Risk Management and Climate Change

event was hosted by the ESRC Centre for Climate Change Economics and Policy and the Grantham Research Institute. A series of presentations, chaired by Nick Silver, (Director, Callund Consulting and … read more »

2013

Public Lectures 21 Oct 2013

Dan O’Neill - Enough is enough

LSE Students Union public lecture: Dan O’Neill spoke about the ideas in his new book, ‘Enough Is Enough: building a sustainable economy in a world of finite resources’. He explained … read more »

Grantham Workshop 16 Oct 2013

Spaces for Agreement: a theory of time-stochastic dominance and an application to climate change

Part of the Grantham Workshop: a public forum for researchers at the Grantham Research Institute on Climate Change and the Environment, and associates, to exchange ideas and get feedback on … read more »

2010

Public Lectures 21 Jan 2010

Sir David King - Time for a New Policy Paradigm: resources, technology and human well-being

LSE Sustainability in Practice lecture, co-hosted by the Grantham Research Institute on Climate Change and the Environment Chair: Dr Simon Dietz, lecturer in environmental policy and deputy director of the … read more »

2009

Policy Seminars 6 May 2009

Controversies in the Economics of Climate Change

The Stern Review stirred up the controversy surrounding the economics of climate change. This lecture reviewed these issues and gave an assessment of the debate. Chair:Dr Simon Dietz, deputy director … read more »

Public Lectures 21 Apr 2009

Nicholas Stern - A Blueprint for a Safer Planet

Nicholas Stern presented an outline of his new book, A Blueprint for a Safer Planet, which described how to manage climate change while creating a new era of growth and … read more »

2008

Policy Seminars 20 Nov 2008

LSE Space for Thought lecture series: Seven Years to Save the Planet?

The Space for Thought lecture series celebrated the completion of the New Academic Building and was supported by the LSE Annual Fund. Chair: Dr Simon Dietz, deputy director at the … read more »

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782544692
Book  8 October, 2014

Handbook of Sustainable Development

This Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be measured and achieved. read more »

2011

Book  1 February, 2011

The Political Economy of the Environment: an Interdisciplinary Approach

Dietz, S., Michie, J., and Oughton, C., editors. 2011. Routledge, Abingdon.

More in book publications