Our latest work

Market failures and willingness-to-accept the smart energy transition: Experimental evidence from the UK

a working paper by Greer Gosnell, Daire McCoy 7 days ago

This paper describes an experiment on a nationally representative sample of UK households that aimed to quantify resistance to smart meter adoption and test for the existence of commonly cited market failures that inhibit the adoption of energy-saving technologies. The authors measured if households would adopt a smart meter without financial compensation and, for those households unwilling to do so, the subsidy level that would be necessary to persuade them. read more »

Multiagent climate change research

Multiagent climate change research

a research article by Sara Mehryar, Swenja Surminski 15 days ago

We call for attention to climate change research as a domain of application for multiagent technologies. The multiagent nature of climate change challenges and successful application of multiagent methods in … read more »

Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?

a research article by Dimitri Zenghelis, Cameron Hepburn, Nicholas Stern 28 days ago

This paper (forthcoming in the Oxford Review of Economic Policy) assesses the economic and climate impact of taking a green route out of the COVID-19 crisis. The analysis is based on a survey 231 central bank officials, finance ministry officials, and other economic experts from G20 countries on the relative performance of 25 major fiscal recovery archetypes across four dimensions: speed of implementation, economic multiplier, climate impact potential, and overall desirability. read more »

Performance-based resource allocation – a cautionary tale

a working paper by Benito Müller, Matthias Roesti, Sam Fankhauser, Cameron Hepburn 29 days ago

Multilateral development institutions often use performance-based allocation (PBA), mathematical formulas based on a list of performance criteria, to inform the allocation of development assistance or environmental funding. The way the formulas are designed can have material and often unintended consequences on the allocation of funds; this paper highlights a particular problem called the ‘cardinal fallacy’. read more »

Policy option simulation in socio-ecological systems

Policy option simulation in socio-ecological systems

a research article by Sara Mehryar about 1 month ago

Social-ecological systems (SESs) i.e., systems linking human behavior and environmental dynamics, are characterized as complex, dynamic, and heterogeneous systems. A comprehensive policy simulation in SESs has to consider all these … read more »

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Pricing carbon during the economic recovery from the COVID-19 pandemic

a policy publication by Josh Burke, Sam Fankhauser, Alex Bowen 18 days ago

This brief argues that once the immediate rescue has been secured and countries move towards recovery from COVID-19, carefully implementing carbon pricing while reducing fossil fuel subsidies should be at the core of any stimulus package. read more »

A net-zero emissions economic recovery from COVID-19

a policy publication by Nick Robins, Dimitri Zenghelis, Cameron Hepburn, Ajay Gambhir 28 days ago

This working paper published by Oxford Smith School of Enterprise and the Environment outlines how the transition to net zero emissions could significantly contribute to the UK’s recovery from COVID-19. read more »

COP26 Universities Network Briefing on COVID-19

a policy publication by Nick Robins, Dimitri Zenghelis, Cameron Hepburn, Ajay Gambhir about 1 month ago

This briefing identifies key recovery policies that the UK government could introduce to both respond to the crisis of COVID-19, and support the country in meeting its commitment to reaching net-zero emissions by 2050. read more »

Strong, sustainable and inclusive growth in a new era for China – Paper 2: Valuing and investing in physical, human, natural and social capital in the 14th Plan

a policy publication by Nicholas Stern, Chunping Xie, Dimitri Zenghelis about 1 month ago

This paper examines the role of investment in physical, human, natural and social capital in the new phase of growth China is entering. It provides the beginnings of an analytical framework for key elements of this new growth story, examining how a focus on the four types of capital can help deliver prosperity through China’s 14th Five-Year Plan and Belt and Road Initiative. read more »

Strong, sustainable and inclusive growth in a new era for China – Paper 1: Challenges and ways forward

a policy publication by Cameron Hepburn, Nicholas Stern, Chunping Xie, Dimitri Zenghelis about 1 month ago

The first of two papers that offer an outline of strategies and policies for an innovative, sustainable and low-carbon approach to China’s development, this paper offers an approach that could spell out a new development strategy for the country as the 21st century progresses, to inform decision-making for China’s 14th Five-Year Plan. read more »

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The UK Government and energy suppliers should consider a household subsidy plus a more varied information campaign to increase smart meter uptake

Press release 7 days ago

A broader information campaign educating consumers about the society-wide benefits of household-level action could increase uptake of smart meters if paired with a reasonable subsidy scheme, finds new research published … read more »

How could sustainable finance help avoid an emerging market sovereign debt crunch?

a commentary by Alexandra Pinzón, Nick Robins, Mike Hugman 7 days ago

Against the backdrop of the COVID-19 crisis, a trio of sustainable finance innovations could enable emerging economies to overcome sovereign debt problems and support their delivery of the Sustainable Development Goals, write Alexandra Pinzon, Nick Robins and Mike Hugman. read more »

Climate change, displacement, and managed retreat in coastal India

Climate change, displacement, and managed retreat in coastal India

a mention in the media for Architesh Panda 11 days ago

Coastal communities in India are confronting the effects of sea-level rise, erosion, flooding, and cyclones. This article examines displacement and migration from Odisha, the Sundarbans delta, and Majuli island in the state of Assam, examining national and state responses and the principles that could inform the design of policies to address displacement due to climate-related hazards. read more »

A reminder from the courts for the European Central Bank to take climate change seriously

a commentary by Javier Solana 13 days ago

Javier Solana explains the relevance for climate change action and the design of monetary policy of a recent decision by the German Constitutional Court that the Eurosystem’s Public Sector Purchase Programme is invalid. read more »

Building back better: policies for a strong and sustainable recovery

a commentary by Sam Unsworth, Anna Valero 15 days ago

There’s an opportunity to build a new social contract, tackle inequality, foster innovation and adopt a long-term industrial strategy, write Sam Unsworth and Anna Valero, discussing some of the issues raised from a recent webinar hosted by the Royal Economic Society on policies for a strong and sustainable recovery from COVID-19. read more »

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