All pages with keywords: Paris Agreement

Climate ambition depends on finance and finance follows ambition

Commentary 18 December, 2019

In raising ambition and accelerating action on climate change, there is one sector that can have an outsized impact on changing the trajectory: the finance sector. In this post for the Sustainable Finance Leadership Series, Patrick Curran, Nicholas Stern and Nick Robins set out why and how the finance sector should be encouraged to ramp up its focus on climate action. read more »

What France’s experience of energy price rises tells us about the likely impact of pricing carbon on jobs and the environment

a commentary by Giovanni Marin, Francesco Vona 17 December, 2019

New research by Giovanni Marin and Francesco Vona finds that increases in energy prices substantially reduce energy consumption and carbon dioxide emissions, and only modestly reduce employment and productivity. Meeting … read more »

The impact of energy prices on socioeconomic and environmental performance: Evidence from French manufacturing establishments, 1997–2015

a working paper by Giovanni Marin, Francesco Vona 17 December, 2019

In evaluating the responses of French manufacturing firms to large increases in energy prices, which the authors use as a proxy for stringent environmental policy, they find that costs in terms of job losses and competitiveness are smaller by an order of magnitude than the benefits in terms of reducing carbon dioxide emissions. read more »

Statement by Nicholas Stern on outcome of COP25

Press release 15 December, 2019

Commenting on the outcome of the COP25 United Nations climate change summit in Madrid, Professor Lord Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment … read more »

British researchers urge Prime Minister to “challenge robustly” President Trump on climate change ahead of NATO summit

Press release 2 December, 2019

The British Prime Minister, Boris Johnson, has been urged to “challenge robustly” President Donald Trump about the risks of climate change in a letter from 350 members of the climate change research community in the United Kingdom. read more »

US withdrawal from Paris Agreement puts pressure on UK Government to stand up to President Trump

Press release 5 November, 2019

Commenting on the announcement by the United States Secretary of State, Mike Pompeo, that the Trump Administration has initiated the withdrawal of the United States from the Paris Agreement, Bob … read more »

Linking permit markets multilaterally

Linking permit markets multilaterally

a research article by Baran Doda, Simon Quemin, Luca Taschini 1 November, 2019

We formally study the determinants, magnitude and distribution of efficiency gains generated in multilateral linkages between permit markets. We provide two novel decomposition results for these gains, characterize individual preferences … read more »

United Nations summit raises ambition on climate action

a commentary by Charlotte Taylor, Bob Ward 27 September, 2019

The Climate Action Summit, hosted on 23 September at the headquarters of the United Nations in New York, succeeded in securing stronger action to reduce greenhouse gases, even though media … read more »

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 »