This paper highlights the need to green central banks' collateral frameworks and presents two different approaches to incorporating environmental criteria. Read more
Publications
The Grantham Research Institute publishes its own Working Paper series, aimed at stimulating discussion among researchers across a wide range of academic disciplines. The Institute also produces policy publications and consultation responses, to inform decision-makers in the UK and internationally. Staff from the Institute regularly publish in leading academic journals and contribute to a broad range of reports and books.
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The UK government’s net-zero commitment assumes the use of bio-energy with carbon capture and storage (BECCS) and direct air carbon... Read more
This paper analyses the evolution of the EU ETS from a political economy perspective, emphasizing the interaction of economic principles and political interests at pivotal moments, and showing how each compromise changed the scope for future design choices. Read more
This paper investigates the structural transformation associated with the ‘twin transition’ of decarbonisation and digitalisation in European economies by placing it in a broader historical perspective. Read more
This report draws attention to some of the important lessons learned from the past few decades regarding the economic pre-conditions for price stability, as contained in the ECB’s 2021 strategy. Read more
In these letters to two Conservative MPs who have put forth their names as candidates to replace Boris Johnson as leader of the party and Prime Minister, Bob Ward challenges inaccurate claims they have made about the UK's net zero target. Read more
This paper highlights how an innovative public-private programme that focuses on Northern Ireland's housing stock can help to fund an equitable low-carbon economy, through the use of a 'Just Transition Bond'. Read more
The authors of this paper demonstrate that organic carbon fluxes at 1,000 m are a good predictor of long-term carbon sequestration and suggest this is an important metric of the BCP that should be prioritized in future model studies. Read more
With the macroeconomic environment shifting rapidly in the past year, posing serious challenges for policymakers, this paper aims to set out a stable and prudent course for macroeconomic policy. Read more
Central banks are playing an increasingly active role in promoting the move towards a sustainable global economy. This paper explores the role central banks’ foreign exchange (FX) reserves portfolios can play in this context. Read more