Publications
Tales from the tails: Sector-level carbon intensity distribution
This study of 39 countries shows that business sectors that have low levels of carbon dioxide emissions per output are outpacing the general economy in terms of productivity growth, while increasing the number of jobs and skill levels. read more »
Estimating the effect of air pollution on road safety using atmospheric temperature
This paper estimates the causal effect of increased ambient air pollution on the frequency of road traffic accidents in the United Kingdom between 2009 and 2014. read more »
Historical energy transitions: Speed, prices and system transformation
The relatively rare and protracted nature of energy transitions implies that it is vital to look at historical experiences for lessons about how they might unfold in the future. … read more »
Lessons from energy history for climate policy: Technological change, demand and economic development
This paper draws lessons from long run trends in energy markets for energy and climate policy. An important lesson is that consumer responses to energy markets change with economic … read more »
Domestic politics and the formation of international environmental agreements
We investigate the effect of domestic politics on international environmental policy by incorporating into a classic stage game of coalition formation the phenomenon of lobbying by special-interest groups. In … read more »
Asset accounting, fiscal policy and the UK’s oil and gas resources, past and future
Evidence that the UK may possess sizable resources of shale gas and oil has instigated a debate about whether a sovereign wealth fund would be an effective way to use tax revenues from their exploitation. Analysis in this paper explores the implications the sovereign wealth fund model for managing past and future UK oil and gas resources. read more »
Submission to the inquiry by the Energy and Climate Change Committee inquiry on ‘Leaving the EU: implications for UK climate policy’
This submission explores whether the UK should seek to stay in or leave the EU emissions trading system (EU ETS) as part of Brexit negotiations. It finds that leaving the EU ETS would result in the UK losing access to low-cost emission reduction opportunities that are only available in what is currently the world’s largest carbon market. It also highlights that leaving the EU ETS to link with other existing or planned emissions trading systems could generate significant administrative costs that potentially offset any economic benefits. read more »
Emissions trading systems with cap adjustments
Emissions Trading Systems (ETSs) with fixed caps lack provisions to address systematic imbalances in the supply and demand of permits in response to economic shocks. This paper proposes a new mechanism which adjusts the allocation of permits based on the current bank of permits to create a dynamic system of permit allocation. read more »
Reserves and trade jointly determine exposure to food supply shocks
While a growing proportion of global food consumption is obtained through international trade, there is an ongoing debate on whether this increased reliance on trade benefits or hinders food security, and specifically, the ability of global food systems to absorb shocks due to local or regional losses of production. This paper introduces a model that simulates the short-term response to a food supply shock originating in a single country.
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The Economics of Climate-Resilient Development
Some climate change is now inevitable and strategies to adapt to these changes are quickly developing. The question is particularly paramount for low-income countries, which are likely to be most … read more »
