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The Economics of Steering the Transition to a Low Carbon Economy

a conference presentation by Dimitri Zenghelis  24 October, 2014

Presentations given at a three-day course ‘The economics of change: achieving better growth and a better climate’- part of a joint programme between LSE Enterprise in Spain and the Fundación … read more »


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Why is geoengineering so tempting?

a working paper by Baran Doda  15 October, 2014

Geoengineering can be defined as the technologies that aim to deliberately alter geophysical mechanisms in order to alleviate the impacts of climate change. It has received increasing attention by economists … read more »


Ethics, equity and the economics of climate change. Paper 1: science and philosophy

Ethics, equity and the economics of climate change. Paper 1: science and philosophy

a research article by Nicholas Stern  18 August, 2014

Economics and Philosophy, Vol 30, Issue 03. November 2014. pp 397 – 444. DOI: 10.1017/S0266267114000297 This paper examines a broad range of ethical perspectives and principles relevant to the analysis … read more »


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

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

a working paper by Emanuele Campiglio  15 July, 2014

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 »


Evidence on business cycles and CO2 emissions

Evidence on business cycles and CO2 emissions

a research article by Baran Doda  28 June, 2014

CO2 emissions and GDP move together over the business cycle. Most climate change researchers would agree with this statement despite the absence of a study that formally analyzes the relationship between emissions and GDP at business cycle frequencies. The paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their growth and cyclical components using the HP filter. read more »


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Long run demand for energy services: income and price elasticities over 200 years

a research article by Roger Fouquet  27 June, 2014

Data Set on the Consumption of Energy and Energy Services (1300-2008). Fouquet, R. (2014) Review of Environmental Economics and Policy 8(2).
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The structural shift to green services: A two-sector growth model with public capital and open-access resources

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

a research article by Emanuele Campiglio  24 June, 2014

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 »


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Historical energy price shocks and their changing effects on the economy

a working paper by Dirk-Jan van de Ven, Roger Fouquet  1 April, 2014

The purpose of this paper is to identify the changes in the impact of energy shocks on economic activity – with an interest in assessing if … read more »


ClimateChangeEconomics

A macroeconomic perspective on climate change mitigation: Meeting the financing challenge

a research article by Alex Bowen, Emanuele Campiglio  18 March, 2014

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 »


In praise of a green stimulus

In praise of a green stimulus

a research article by Dimitri Zenghelis  19 January, 2014

Macroeconomic conditions make this a relatively favorable time to kick-start investments necessary to transition to a resource-efficient economy read more »


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