Paris

Commentaries and publications

This paper assesses the effectiveness and interactions of different policies aimed at reducing carbon dioxide emissions, using a macro-financial framework. The research aims to provide central banks and similar institutions with the tools to contribute to climate change mitigation and demonstrates the importance of including these institutions in the push to reduce global emission levels. Read more

Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. Read more

As the financial system gears up for the COP26 UN climate summit in November, leaders of financial institutions will need to know the answer to two questions: what is your temperature score and how will you bring it down to 1.5°C as soon as possible? Nick Robins looks at the progress being made. Read more

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

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

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

This special report for the LSE Growth Commission shows why it is sensible for environmental sustainability to be at the heart of the UK’s growth strategy and how this can be achieved, setting out recommendations for government across the areas of innovation, infrastructure, skills and cities. Read more

Coherent, cross-sectoral approaches to policy development are essential to meeting the Paris Agreement on climate change and the Sustainable Development Goals. Drawing on research from southern Africa, this brief makes recommendations for improving coherence, which is currently partial to weak across the region. Read more

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