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 »
Cameron Hepburn, Karsten Neuhoff, William Acworth, Dallas Burtraw, Frank Jotzo. Journal of Environmental Economics and Management, Volume 80, November 2016, Pages 1–5.
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 »
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 »
Presentation to the British Institute of Energy Economics Conference in Oxford on 21 September 2016.
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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In Fankhauser, S. and McDermott, T., eds. Economics of Climate Resilient Development. Edward Elgar.