Publications
Asymmetric industrial energy prices and international trade
This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a rich panel dataset with 42 countries, 62 manufacturing sectors over 16 … read more »
Network Economics and the Environment: Insights and Perspectives
Local interactions and network structures appear to be a prominent feature of many environmental problems. This paper discusses a wide range of issues and potential areas of application, including the … read more »
The political economy of passing climate change legislation: evidence from a survey
This paper reviews the main domestic factors that drive legislation on climate change. read more »
Irreducible uncertainty in near-term climate projections
Model simulations of the next few decades are widely used in assessments of climate change impacts and as guidance for adaptation. Their non-linear nature reveals a level of irreducible uncertainty … read more »
Consumption smoothing and the welfare cost of uncertainty
When agents are unable to smooth consumption and have distorted beliefs about the likelihood of future income realisations, uncertainty about future states of the world has a direct effect on … read more »
EU ETS, Free Allocations, and Activity Level Thresholds: The Devil Lies in the Details
It is well known that discontinuous jumps or thresholds in tax or subsidies are socially inefficient, because they create incentives to make strategic behavioral changes that lead to substantial increases … read more »
The road to Paris and beyond
This paper shows that effective international cooperation can help the world develop along a 2°C pathway and adapt to the climatic changes already locked-in as a result of past and ongoing greenhouse gas emissions. read more »
Climate negotiations, sustainable development and growth – speech
Speech by Nicholas Stern at an event organised by the French government in Paris ahead of the climate change summit. read more »
Climate and southern Africa’s water–energy–food nexus
In southern Africa, the connections between climate and the water–energy–food nexus are strong. Physical and socioeconomic exposure to climate is high in many areas and in crucial economic sectors. Spatial … read more »
Beliefs, politics, and environmental policy
This paper explores the relationship between beliefs and policy choices in relation to environmental regulation. read more »
