All pages with keywords: Paris Agreement

Carbon taxes and stranded assets: Evidence from Washington state

Carbon taxes and stranded assets: Evidence from Washington state

a working paper by Stefano Carattini, Suphi Sen 6 August, 2019

The authors of this paper show that while a convergence towards relatively high carbon prices is more than welcome from a climate perspective, central banks and other agencies responsible for financial stability may need to play close attention to such development. read more »

Nicholas Stern responds to EIB proposal to end lending for fossil fuels

Press release 26 July, 2019

Professor Lord Nicholas Stern responds to the announcement today (26 July 2019) that the European Investment Bank (EIB) has proposed to end lending for fossil fuel-reliant energy projects by the end of 2020 in its draft energy lending policy. read more »

Seizing the moment in South Africa: overcoming climate policy governance challenges

Climate policy has taken a particular hit during a 10-year period of political corruption and uncertainty in South Africa but now the country has a chance to get back on track, say the authors of this commentary. read more »

Governance of climate change policy: A case study of South Africa

a policy publication by Alina Averchenkova, Kate Elizabeth Gannon, Patrick Curran 26 June, 2019

This report and accompanying 8-page brief examine some of the emerging challenges in climate governance in South Africa and potential solutions. The lessons identified are also relevant for other developing economies. read more »

Urgent response needed from UK Government on net-zero emissions

Urgent response needed from UK Government on net-zero emissions

a commentary by Bob Ward 3 May, 2019

Bob Ward sets out five urgent actions for the UK Government in response to the Committee on Climate Change’s new report on achieving net-zero emissions read more »

Government has now been “passed the baton” of net zero climate change target

Press release 2 May, 2019

The Committee on Climate Change (CCC) has today (Thursday 2nd May) published its report ‘Net Zero The UK’s contribution to stopping global warming’ which sets out advice to government on … read more »

Building the research foundations for greening the financial system

Building the research foundations for greening the financial system

a commentary by Nick Robins, Matthias Täger 11 April, 2019

As recognition grows rapidly among central banks of the need for routine consideration of climate change risks, robust research is required to guide and underpin their actions. Nick Robins and Matthias Täger introduce a new global research network designed to build these foundations. read more »

Linking permit markets multilaterally

a working paper by Baran Doda, Simon Quemin, Luca Taschini 27 February, 2019

This paper develops a novel theoretical tool with which a jurisdiction can evaluate the economic gains it can expect to obtain by linking its emissions trading system (ETS) to one, two or many ETSs at the same time, and proposes a reason why the global market remains a distant dream. read more »

Why the Paris Agreement is the 21st century’s social contract

Commentary 23 January, 2019

The Paris Agreement on climate change is not just an environmental treaty but offers the basis for a new and inclusive model of development. France is committed to making finance a driving force behind this transition, explains Brune Poirson in this post for the Sustainable Finance Leadership Series. read more »

Steering the climate system: an extended comment

a working paper by Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym 4 January, 2019

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »