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Simulating the cascading effects of an extreme agricultural production shock: global implications of a contemporary US dust bowl event

Simulating the cascading effects of an extreme agricultural production shock: global implications of a contemporary US dust bowl event

a research article by Alessandro Tavoni  20 March, 2020

Higher temperatures expected by midcentury increase the risk of shocks to crop production, while the interconnected nature of the current global food system functions to spread the impact of localized … read more »


Using supply-side policies to raise ambition: the case of the EU ETS and the 2021 review

Using supply-side policies to raise ambition: the case of the EU ETS and the 2021 review

a working paper by Simon Quemin  10 March, 2020

Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. read more »


The role of national laws in managing flood risk and increasing future flood resilience

The role of national laws in managing flood risk and increasing future flood resilience

a working paper by Sara Mehryar, Swenja Surminski  9 March, 2020

This paper explores the role of national laws in determining the nature of flood risk management (FRM) and in particular the ability to increase flood resilience in the context of climate change. The authors therefore call for a shift in FRM away from post-event activism towards forward-looking planning through an anticipatory resilience approach. read more »


Quantifying the distributional impact of energy efficiency measures

a working paper by Daire McCoy, Raphaela Kotsch  19 February, 2020

The authors of this paper exploit a large database of home energy efficiency upgrades and metered energy consumption to provide new evidence of the distributional impact of energy efficiency measures. read more »


Are financial markets aligned with climate action? New evidence from the Paris Agreement

a working paper by Tobias Kruse, Myra Mohnen, Misato Sato  18 February, 2020

This paper provides new evidence that financial markets value firms’ expansion into production of low carbon goods and services, but they remain cautious on divesting from the most polluting industries. read more »


Lake Malawi’s threshold behaviour: A stakeholder-informed model to simulate sensitivity to climate change

a research article by Ajay Gajanan Bhave, Ajay Gambhir, Suraje Dessai, Declan Conway, Andrew J. Dougill  10 February, 2020

Over 90% of Malawi’s electricity generation and irrigation depend on Lake Malawi outflows into the Shire River. Recent lake level declines have raised concerns over future climate change impacts, … read more »


Nudge plus: incorporating reflection into behavioural public policy

a working paper by Sanchayan Banerjee, Peter John  30 January, 2020

The authors of this paper outline a modified version of the behaviour change technique called ‘nudge plus’, which incorporates an element of reflection as part of the delivery of a nudge. The authors claim that a hybrid nudge–think strategy can be a useful additional way to design pro-social interventions, including to induce pro-environmental behaviour change. read more »


Private adaptation in semi-arid lands: a tailored approach to ‘leave no one behind’

Private adaptation in semi-arid lands: a tailored approach to ‘leave no one behind’

Globally, semi-arid lands (SALs) are home to approximately one billion people, including some of the poorest and least food secure. These regions will be among the hardest hit by the … read more »


Green revenues, profitability and market valuation: Evidence from a global firm level dataset

Green revenues, profitability and market valuation: Evidence from a global firm level dataset

a working paper by Tobias Kruse, Myra Mohnen, Peter Pope, Misato Sato  23 January, 2020

This paper examines how diversifying and specialising production towards environmental goods and services is associated with the profitability and market valuation of firms. read more »


Fundamental utilitarianism and intergenerational equity with extinction discounting

Fundamental utilitarianism and intergenerational equity with extinction discounting

a research article by Nicholas Stern  23 January, 2020

Ramsey famously condemned discounting “future enjoyments” as “ethically indefensible”. Suppes enunciated an equity criterion which, when social choice is utilitarian, implies giving equal weight to all individuals’ utilities. By contrast, … read more »