Publications
Emissions trading systems with cap adjustments
This working paper analyses the design of the market stability reserve proposed as part of the reform of the European Union emissions trading system. read more »
The Paris Agreement and the new logic of international climate politics
This article reviews and assesses the outcome of the 21st Conference of the Parties (COP-21) to the United Nations Framework Convention on Climate Change (UNFCCC), held in Paris in … read more »
Beliefs, politics, and environmental policy
Experts and the general public often perceive environmental problems differently. Moreover, regulatory responses to environmental issues often do not coincide with consensus expert recommendations. These two facts are mutually … read more »
A bargaining experiment on heterogeneity and side deals in climate negotiations
The recent global climate change agreement in Paris leaves a wide gap between pledged and requisite emissions reductions in keeping with the commonly accepted 2°C target. A recent strand of … read more »
Building 21st century sustainable infrastructure (part 1): time to invest
The new UK Government under Prime Minister Theresa May has committed to boosting UK productivity, to addressing the widening wealth gap, and to supporting the transition to low-carbon … read more »
Building 21st century sustainable infrastructure (part 2): institutional reform
The new UK Government under Prime Minister Theresa May has committed to boosting UK productivity, to addressing the widening wealth gap, and to supporting the transition to low-carbon … read more »
The endowment effect and environmental discounting
There is a considerable body of evidence from behavioural economics and contingent valuation showing that our preferences exhibit both reference dependence and loss aversion, a.k.a. the endowment effect. In this … read more »
Decarbonisation, innovation and the economics of climate change
Zenghelis, D., Chapter 12 in ‘Redefining Capitalism’ July 2016. Michael Jacobs (Editor) and Mariana Mazzucato (Editor), 2016, Wiley-Blackwell. ISBN: 978-1-119-12095-7.
Carbon dating: When is it beneficial to link ETSs?
We propose a theory of the economic advantage (EA) of regulating carbon emissions by linking two emissions trading systems versus operating them under autarky. Linking implies that permits issued in … read more »
Virgin Atlantic tested 3 ways to change employee behavior
Robert Metcalfe, Greer Gosnell and John List, Harvard Business Review, 1 August 2016
