Professor Samuel Fankhauser

Co-Director

Sam was appointed Deputy Director of the Grantham Research Institute in December 2010 and became a Co-Director in March 2011. Before this, he was a Principal Research Fellow for the Institute.

Sam is also a member of the UK Committee on Climate Change|, an independent body that advises the UK government on carbon targets, as well as the CCC's Adaptation Sub-Committee. He is also a director at Vivid Economics|.  

Background

Sam has been involved in climate change economics and policy for over 20 years. He is a former Deputy Chief Economist at the European Bank for Reconstruction and Development (EBRD), and served on the 1995, 2001 and 2007 assessments of the Intergovernmental Panel on Climate Change (IPCC).

Sam studied economics at the University of Berne and LSE, and holds a PhD from U

niversity College London.

Research programmes

Co-topic lead of 'The design of policy instruments|'

Topic lead of 'Adaptation finance|'

Co-topic lead of 'Adaptation, growth and poverty alleviation|'

Research interests

  • The economics of adaptation to climate change;
  • Climate finance and the functioning of carbon markets;
  • Climate change policy in the UK.

Media articles

2014

Financial markets should take climate policy more seriously|
Sam Fankhauser, The Conversation, 19 March

2011

Green growth: paradigm shift or just spin?
|Alex Bowen and Sam Fankhauser, CDKN Global, 26 August

Fighting climate change in Africa
|Samuel Fankhauser, Africa at LSE (blog), 6 June

Carbon trading: a good idea is going through a bad patch
|Sam Fankhauser, The European Financial Review, 15 April; PDF version|

China gets serious about curtailing its carbon emissions
|Samuel Fankhauser, Committee on Climate Change (blog), 28 March

If implemented properly, the government's planned reform of the UK energy sector should make it easier for carbon reduction targets to be met
|Samuel Fankhauser, British Politics and Policy (blog), 7 February

2009 

If it warms up, who's going to pay?|
Samuel Fankhauser , The Wall Street Journal  , 6 December

Tiny steps in a marathon|
Nicholas Stern, Alex Bowen and Sam Fankhauser , The Guardian, 24 April  

Policy articles

2014

Bassi, S., Fankhauser, S., Green, F., and Nachmany, M. March 2014. Walking alone? How the UK's carbon targets compare with its competitors'. Policy paper, Grantham Research Institute for Climate Change and the Environment, London, UK. Download PDF of paper| (PDF, 832KB)

GLOBE International. February 2014. Climate Legislation Study: a review of climate change legislation in 66 countries, (Michal Nachmany, Sam Fankhauser, Terry Townshend, Murray Collins, Tucker Landesman, Adam Matthews, Carolina Pavese, Katharina Rietig, Philip Schleifer and Joana Setzer [Eds.]), fourth edition. External link to full report|

Fankhauser, S., Dietz, S., Gradwell, P. February 2014. Non-economic losses in the context of the UNFCCC work programme on loss and damage. Policy paper, Grantham Research Institute, London, UK. Download PDF of paper| (PDF, 2423KB)

2013

Bassi, S., Dechezleprêtre, A., and Fankhauser, S. November 2013. Climate change policies and the UK business sector: overview, impacts and suggestions for reform. Policy paper, Grantham Research Institute, London, UK. Download PDF of paper (PDF, 1.35MB)

Advani, A., Bassi, S., Bowen, A., Fankhauser, S., Johnson, P., Leicester, A., and Stoye, G. November 2013. Energy use policies and carbon pricing in the UK. Policy brief, Grantham Research Institute on Climate Change & Environment, London, UK. Download policy brief| (PDF, 2.15MB)

Fankhauser, S., Ranger, N., Colmer, J., Fisher, S., Surminski, S., Stainforth, D., and Williamson, A. March 2013. An Independent National Adaptation Programme for England. Policy brief, Grantham Research Institute on Climate Change & Environment, London, UK.  External link to full report| (PDF, 624KB) | Appendices| (PDF, 700KB)

Bassi, S., Rydge, J., Khor, C.S., Fankhauser, S., Hirst, N., and Ward, B. March 2013. A UK 'dash' for smart gas'.  Policy brief, Grantham Research Institute on Climate Change & Environment, London, UK. External link to full report| (PDF, 1.4MB)

GLOBE International. January 2013. Climate Legislation Study: a review of climate change legislation in 33 countries (Terry Townshend, Sam Fankhauser, Rafael Aybar, Murray Collins, Tucker Landesman, Michal Nachmany and Carolina Pavese [Eds.]), third Edition. External link to full report|

Older

2012

 

Bassi, S., and Fankhauser, S. The economics of wind power: submission to the inquiry by the House of Commons Select Committee on Energy and Climate Change. Policy paper, Grantham Research Institute on Climate Change and the Environment, London, UK. 

Download the policy paper| (PDF)

 

Fankhauser, S., and Soare, R. A strategic approach to adaptation in Europe. Policy paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper|

 

Bassi, S., Bowen, A., and Fankhauser, S. June 2012. New review of evidence about onshore wind power to dispel myths for MPs. Policy brief, Grantham Research Institute, London, UK. Download PDF of brief

 

Fankhauser, S. January 2012. A practitioner's guide to a low-carbon economy: lessons from the UK. Policy paper, Grantham Research Institute, London, UK. Download PDF of paper|

 

Hepburn, C., Chapman, S., Doda, B., Duffy, C., Fankhauser, S., Rydge, J., Smith, K., Taschini, L., and Vitelli, A. January 2012. The 'surrender charge' on international units in the Australian ETS. Policy paper, Grantham Research Institute, London, UK. Download PDF of paper| 

 

2011

 

Fankhauser, S. November 2011. The UK should stick to aggressive de-carbonisation and avoid the temptation of a dash for gas. British Politics and Policy (LSE blog). External link to full article|

 

Chir

micu, A., Fankhauser, S., and Zettelmeyer, J (eds). April 2011. The Low Carbon Transition. Special report on climate change. European Bank for Reconstruction and Development and Grantham Research Institute, London, UK. External link to full article|

 

Townshend, T., Fankhauser, S., Matthews, A. Feger, C., Liu, J., and Narciso, T. April 2011. GLOBE Climate Legislation Study. Globe International and Grantham Research Institute, London School of Economics, London, UK. External link to full article|

 

2010

 

Ranger, N., Millner , A., Dietz, S., Fankhauser , S., Lopez, A., and Ruta , G. September 2010. Adaptation in the UK: a decision-making process. Policy brief, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of brief| and technical annexes|

 

Fankhauser , S., and Schmidt- Traub , G. February 2010. From adaptation to climate-resilient development: the costs of climate-proofing the Millennium Development Goals in Africa. Policy paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper |

 

Barr, R., Fankhauser , S., and Hamilton, K. February 2010. The allocation of adaptation funding. Policy paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper |

 

2009

 

Bowen, A., Fankhauser , S., Stern, N., and Zenghelis , D. February 2009. An outline of the case for a 'Green' stimulus. Policy brief,  Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of brief| 

 

Research articles 

2013

Fankhauser, S., McDermott, T.K.J. September 2013. Understanding the adaptation deficit: why are poor countries more vulnerable to climate events than rich countries? Working Paper, Grantham Research Institute, London, UK. Download PDF of paper|

Townshend, T., Fankhauser, S., Aybar, R., Collins, M., Landesman, T., Nachmany, M., and Pavese, C. April 2013. How national legislation can help to solve climate change. Nature Climate Change, v.3, pp.430-432. External link to full article|

Older

2012

 

Sam Fankhauser, Alex Bowen, Raphael Calel, Antoine Dechezleprêtre, David Grover, James Rydge and Misato Sato. November 2012. Who will win the green race? In search of environmental competitiveness and innovation. Working paper, Grantham Research Institute, London, UK. Download PDF of paper|

 

2011

Bowen, A., Cochrane, S., and Fankhauser, S. Climate change, adaptation and growth. Climatic Change. Forthcoming

 

Fankhauser, S. Do climate targets work? October 2011. Carbon Management, v.2, pp.495-497. External link to full article|

 

Bowen, A., and Fankhauser, S. October 2011. The green growth narrative: paradigm shift or just spin? Global Environmental Change, v.21, pp.1157-1159. External link to full article|

 

Townshend, T., Fankhauser, S., Matthews, A., Feger, C., Liu, J., and Narciso, T. September 2011. Legislating climate change on a national level. Environment, v.53, pp.5-16. External link to full article|

 

Bowen, A., and Fankhauser, S. 2011. Low carbon development for the least developed countries. World Economics, v.12, pp.1-18. External link to full article|

 

Fankhauser, S., and Burton, I. Spending adaptation money wisely.

Fankhauser, S., Hepburn, C., and Park, J. February 2011. Combining multiple climate policy instruments: how not to do it. Working paper, Grantham Research Institute on Climate Change and the Environment, London. Download PDF of paper|

 

Fankhauser, S., and Schmidt-Traub, G. 2011. From adaptation to climate resilient development. The cost of climate proofing the Millennium Development Goals in Africa. Climate and Development, v.3, pp.1-20.

 

2010

 

Fankhauser, S., Hepburn, C., and Park, J. December 2010. Combining multiple climate policy instruments: How not to do it. Climate Change Economics, v.1, pp. 209-225. External link to full article|

 

Fankhauser , S. September 2010. Market and policy driven adaptation: an alternative perspective. Smart Solutions to Climate Change [ Bjørn Lomborg ed .] Cambridge University Press, Cambridge. Download PDF of article| 

 

Dietz, S., and Fankhauser , S. Environmental prices, uncertainty and learning. August 2010. Oxford Review of Economic Policy, v. 26. External link to full article| 

 

Fankhauser , S., and Hepburn , C. August 2010. Designing carbon markets, Part I: carbon markets in time. Energy Policy, v.38. External link to full article|

 

Fankhauser , S., and Hepburn , C. August 2010. Designing carbon markets, Part II: carbon markets in space. Energy Policy, v.38. External link to full article|

 

Barr, R., Fankhauser , S., and Hamilton, K. July 2010. Adaptation investments: a resource allocation framework. Mitigation and Adaptation Strategies for Global Change. External link to full article|

 

Fankhauser , S. January/February 2010. The Costs of adaptation. Wiley Interdisciplinary Reviews: climate change, v.1. External link to full article|

 

Fankhauser , S., and Martin, N. January 2010. The economics of the CDM levy: revenue potential, tax incidence and distortionary effects. Energy Policy, v.38. External link to full article|

 

2009

 

Brinkman , M., Fankhauser , S., Irons, B, and Weyers , S. November 2009. The carbon market in 2020: volumes, prices and gains from trade. Working paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper| 

 

Dietz, S., and Fankhauser , S. November 2009. Environmental prices, uncertainty and learning. Working paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper| 

 

Fankhauser , S. September 2009. The costs of adaptation. Working paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper| 

 

Fankhauser , S., and Hepburn , C. July 2009. Carbon markets in space and time. Working paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper| 

 

Watson, C., and Fankhauser , S. June 2009. The Clean Development Mechanism: too flexible to produce sustainable development benefits? Working paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper|

 

Fankhauser , S., Kennedy, D., and Skea , J. June 2009. The UK's carbon targets for 2020 and the role of the committee on climate change. Building a Low-Carbon Future: the politics of climate change [Anthony Giddens , Simon Latham and Roger Liddle (eds.)]. Policy Network, London. Download PDF of article|

 

Fankhauser , S., Martin, N., and Prichard , S. May 2009. The economics of the CDM Levy: revenue potential, tax incidence and distortionary effects. Working paper, Grantham Research Institute on Climate Change and the Environment, London, UK. Download PDF of paper|

 

Fankhauser , S., Kennedy, D., and Skea , J. 2009. Building a low-carbon economy: the inaugural report of the UK Committee on Climate Change. Environmental Hazards, v.8. External link to full article|.

 

2008

 

Fankhauser , S., Sehlleier , F., and Stern, N. 2008. Climate change, innovation and jobs. Climate Policy, v.8. External link to full article|   

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Contact details

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  • Telephone: +44 (0) 20 7107 5427
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Photograph of Sam Fankhauser