Publications
Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy
It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in low-carbon investment. However, as this paper argues, carbon pricing in … read more »
Book review |Climate Shock: The economic consequences of a hotter planet, by Gernot Wagner and Martin L. Weitzman
Swenja Surminski on how the wait and see policy of businesses is not enough when it comes to global warming read more »
Looking for green jobs: the impact of green growth on employment
Assessing the consequences of environmental policies for employment presents a considerable challenge, and at present it is not possible for policy-makers to assess conflicting claims about the quality and quantity of green jobs that have already been created, or may be created in the future. read more »
International and sectoral variation in energy prices 1995-2011: how does it relate to emissions policy stringency?
New research analsying major trends in global energy prices and the extent to which energy prices are a good proxy for emissions policy stringency. New dataset available. read more »
Endogenous growth, convexity of damages and climate risk: how Nordhaus’ framework supports deep cuts in carbon emissions
‘To slow or not to slow’ (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of worldwide importance. We offer our assessment of the original article and trace its legacy, in particular Nordhaus’s later series of ‘DICE’ models. From this work, many have drawn the conclusion that an efficient global emissions abatement policy comprises modest and modestly increasing controls. We use DICE itself to provide an initial illustration that, if the analysis is extended to take more strongly into account three essential elements of the climate problem – the endogeneity of growth, the convexity of damage and climate risk – optimal policy comprises strong controls. read more »
Understanding climate finance for the Paris summit in December 2015 in the context of financing for sustainable development for the Addis Ababa conference in July 2015
Paper asserts that overseas aid to support developing countries should be interwoven with efforts to mitigate and adapt to climate change. It claims that efforts to separate the two could be deeply damaging. read more »
Editorial overview: Sustainability challenges: assessing climate change adaptation in Africa
Simon, D. and Leck, H (2015). In: Current Opinion in Environmental Sustainability
Delegation and public pressure in a threshold public goods game: theory and experimental evidence
The provision of global public goods, such as climate change mitigation and managing fisheries to avoid overharvesting, requires the coordination of national contributions. read more »
The human capital transition and the role of policy
Paper seeks to investigate how industrialised economies managed to achieve the transition from low to high levels of human capital, and goes on to identify lessons for green growth. read more »
The ‘optimal and equitable’ climate finance gap
This study uses a number of Integrated Assessment Models to determine what the optimal financial transfers between high-income and developing economies would be if climate mitigation costs were to be divided equally across regions. read more »
