This paper aims to estimate the short-run impacts of air travel reductions due to COVID-19, and explores the potential for policy measures to curb demand and reduce carbon dioxide emissions beyond the lifetime of the pandemic with minimal impacts on welfare. Read more
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
Careful implementation of carbon pricing with reductions in fossil fuel subsidies can raise revenues to support the COVID-19 recovery and make society less vulnerable to future climate, ecological or public health risks, according to a new policy brief published today (May 15th). Read more
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
The UK government should consider a broader-based carbon tax that is distributionally fair and consistent with net-zero greenhouse gas emissions... Read more
This study explores the distributional impacts of a net-zero-consistent carbon price across different household types and income deciles in the UK; and examines which combination of interventions may reduce carbon consumption and still be progressive. The authors find that it is possible to design a revenue recycling scheme that leaves fuel-poor and low-income households better off while driving the transition to net-zero emissions in the UK by 2050. Read more
Josh Burke discusses (in this article for EU Observer) what Brexit will mean for UK climate policy and considers options for carbon pricing if it withdraws from the EU ETS. Read more
Commenting on reports today (Tuesday 14 January 2020) that the Government is to consider cuts to Air Passenger Duty, Professor... Read more
New research by Giovanni Marin and Francesco Vona finds that increases in energy prices substantially reduce energy consumption and carbon... 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
