Emanuele Campiglio

This paper analyses the dynamic interaction between diverse expectations, investment decisions and climate change mitigation policymaking, exploring how firms invest in low or high carbon capital depending on their beliefs about future carbon prices. Read more

How best to make the transition from a high- to low-carbon economy remains open for debate, involving complex dynamics that go beyond basic models of emissions abatement. It is these dynamics that the authors aim to analyse with the model they develop in this paper, showing that it is optimal to repurpose and strand a substantial amount of capital. Read more

The authors of this paper discuss qualitative, empirical, modeling, policy, and institutional research and identify priorities for future research. Read more

This paper studies how institutional dynamics might affect the implementation of climate-related financial policies and discusses the scenarios that might originate from the current institutional setting. Read more

The academic and policy debate regarding the role of central banks and financial regulators in addressing climate-related financial risks has... Read more

This study employs a number of Integrated Assessment Models to determine what the optimal financial transfers between high-income and developing economies would be if climate mitigation effort, measured as mitigation costs as a share of gross domestic product, were to be divided equally across regions through a global carbon market. Read more

It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in... Read more

This study uses a number of Integrated Assessment Models to determine what the optimal financial transfers between high-income and developing economies would be if climate mitigation costs were to be divided equally across regions. Read more

Integrated assessment models can help in quantifying the implications of international climate agreements and regional climate action. This paper reviews... Read more

It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in... Read more

An expansion of economic activities with low impact on ecological resources is a crucial component of the transition to a low-carbon society. “Green” structural change is analysed here through a model with a “progressive” manufacturing sector and a “stagnant” service sector. Read more

Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. Read more

Working Paper 141 – Forthcoming in Structural Change and Economic Dynamics (Dec 2014). Abstract The expansion of the share of... Read more

Forthcoming in Empirica External link to article External link to working paper Abstract This paper presents a small macroeconomic model... Read more

Working Paper 122 –  Forthcoming in Climate Change Economics (August 2014) (read article) Abstract Transitioning to a low-carbon economy will... Read more

External link to full article Abstract We present an example of how public policies affect the evolution of the economy... Read more

Working Paper 96 Abstract Recent international environmental negotiations have highlighted the importance of establishing a commonly agreed approach to attribute... Read more

Note that an 8-page policy brief for decision-makers that draws on the full 36-page paper is available.  Headline issue Both... Read more

Institute Associate, Emanuele Campiglio, looks at the role of the financial system in the transition to a low-carbon economy. Read more

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Business Green, 16 March Read more