Publications

Policy publications 1 October 2018

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Intertemporal emissions trading and market design: an application to the EU ETS

Intertemporal emissions trading and market design: an application to the EU ETS

a working paper by Simon Quemin, Raphaël Trotignon  9 January, 2019

The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »


Steering the climate system: an extended comment

a working paper by Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym  4 January, 2019

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »


Pigou pushes preferences: decarbonisation and endogenous values

a working paper by Linus Mattauch, Cameron Hepburn, Nicholas Stern  14 December, 2018

This paper explores the relationship between carbon prices and policies that change consumers’ preferences, concluding that taking the effects into account in economic models would enhance understanding of climate change mitigation policy, facilitating the transition to a low-carbon economy. read more »


Strategic implications of counter-geoengineering: clash or cooperation?

Strategic implications of counter-geoengineering: clash or cooperation?

a working paper by Daniel Heyen, Joshua Horton, Juan Moreno-Cruz  14 December, 2018

This research finds that the presence of counter-geoengineering would make the risk of unilateral action to cool the climate using solar geoengineering less likely, but not always with benign effects. read more »


The role of power prices in structural transformation: evidence from the Philippines

a working paper by Majah-Leah Ravago, Arlan Brucal, James Roumasset, Jan Carlo Punongbayan  12 December, 2018

The authors of this paper aim to illuminate how high power prices can exacerbate premature deindustrialisation, using data from 33 countries and regional data from the Philippines. read more »


The impacts of energy prices on industrial foreign investment location: evidence from global firm level data

a working paper by Aurélien Saussay, Misato Sato  11 December, 2018

The results of this paper show that upon deciding to invest, firms are attracted to regions that have lower energy prices. This supports arguments for better targeting leakage prevention measures to complement carbon pricing for energy-intensive industrial activities. read more »


Remarks from Eddie Bernice Johnson (Ranking Member of the House Committee on Science, Space, and Technology)

a policy publication by  10 December, 2018

Remarks from Eddie Bernice Johnson (Ranking Member of the US Congressional House Committee on Science, Space, and Technology) to the Fall Meeting of the American Geophysical Union Communicating Climate Change: … read more »


Letter from Bob Ward to Congresswoman Eddie Bernice Johnson (Ranking Member US House Committee on Science, Space and Technology)

a policy publication by  10 December, 2018

In this letter Bob Ward invites the Congresswomen to support efforts by American climate researchers to engage with polticians on climate change.


Climate change and the just transition – A guide for investor action

a policy publication by Nick Robins, Vonda Brunsting, David Wood  6 December, 2018

A ‘just transition’ for workers and communities as the world’s economy responds to climate change was included within the Paris Agreement. This guide sets out how investors can address the social dimension of climate change and pursue the goal of a just transition as part of their core operating practices. read more »


Have international pollution protocols made a difference?

a working paper by Elisabeth Isaksen  6 December, 2018

This analysis investigated three international agreements to mitigate cross-border environmental pollution and found them to have directly led to sizeable reductions in pollutants. The findings suggest that protocols of this kind can be an effective tool to induce countries to reduce their emissions. read more »