Publications
The carbon market in 2020: volumes, prices and gains from trade
Carbon markets are central to the global effort to reduce greenhouse gas emissions. We introduce a new carbon market model that aims to simulate the development … read more »
Environmental prices, uncertainty and learning
There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price … read more »
High impact, low probability? An empirical analysis of risk in the economics of climate change
To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a great deal of attention lately, with the … read more »
How do domestic attributes affect international spillovers of CO2-efficiency?
Although there is evidence that CO2-efficiency enhancing innovations in one country diffuse into other countries to contribute to the goals of climate change mitigation, very little … read more »
The costs of adaptation
Policy interest in the cost of adaptation is growing, but compared to the mitigation cost literature, adaptation cost research is still in its infancy. Global adaptation … read more »
The impacts of the Climate Change Levy on business: evidence from microdata
We estimate the impacts of an energy tax – the Climate Change Levy (CCL) – on the manufacturing sector using panel data from the UK production … read more »
Principles for a Global Deal for Limiting the Risks from Climate Change
Environmental Resource Economics, April 2009
New frontiers in the economics of climate change
New frontiers in the economics of climate change read more »
Strategic appraisal of environmental risks: a contrast between the UK’s Stern Review on The Economics of Climate Change and its Committee on Radioactive Waste Management
We compare two strategic policy reviews undertaken for the UK Government on environmental issues: radioactive waste management and climate change. These reviews took very different forms, … read more »
Economic policy when models disagree
We propose a general way to craft public policy when there is no consensual account of the situation of interest. The design builds on an extension … read more »
