This guide covers the case for climate leadership by Ministries of Finance, a framework for mainstreaming climate into their core functions and capabilities, and priorities for action. It is aimed primarily at Ministries of Finance but is designed to be useful to anyone seeking to better understand the role of these ministries in driving climate action. Read more
It is important to understand how climate policy affects trade so that international cooperation and standards can be enhanced to... Read more
A growing literature suggests that carbon emissions are most efficiently reduced by carbon pricing. The evidence base on the effectiveness... Read more
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
This report rethinks basic issues in economics in describing a new development strategy for China, focusing on theories of value, the definition and measurement of wellbeing and wealth, and analytical frameworks for individual and collective behaviour. It sets out guiding principles and actions to reshape key sectors. Read more
This submission to the UK ETS Authority consultation on ‘Developing the UK Emissions Trading Scheme (ETS)’ provides evidence on implementing a net zero consistent ETS cap, Free Allocation policy, the expansion of the UK ETS to additional sectors, and incorporating greenhouse gas removal into the scheme. Read more
This article examines the impact of climate policy-induced changes in consumers’ preferences. Read more
This report provides insights to inform the UK Government’s review on expansion of the UK Emissions Trading Scheme, focusing on three sectors that might fall within the scope of future policy changes. Read more
A new report from Energy Systems Catapult and the Grantham Research Institute on Climate Change and the Environment has found that while the UK Emissions Trading Scheme (ETS) could provide the backbone of an enduring economy-wide framework for reaching net zero, expanding it too early to sectors not yet covered risks undermining the scheme. Read more