Conflicting evidence has been presented on carbon leakage, caused largely due to misconceptions over the term’s meaning. The confusion is worth disentangling because it is obscuring the debate on how to act, argue Misato Sato and Josh Burke. Read more
There has been a resurgence in the debate around Carbon Border Adjustment Mechanisms (CBAMs) and the role they may play in preserving the effectiveness of climate action in high ambition countries. This report explores how the European Union’s CBAM, announced to come into force by the end of 2022, might affect the UK. Read more
A robust carbon pricing framework is needed to support decarbonisation of industry and avoid important UK exports being penalised by the EU’s carbon border adjustment mechanism, according to a new report published today (April 1st 2021) Read more
The UK needs to adopt a strategic approach to decarbonisation and the transition to net-zero economic growth. This report focuses on the goods and services related to passenger vehicles, identifying the multiple areas in which the UK could be competitive: opportunities lie in diverse goods and services across value chains and stages of innovation. Read more
This report explains the importance of pricing carbon as a key component of any strategy to reach net-zero emissions in the UK, setting out how the price may differ sector to sector and how to incentivise negative emissions. Read more
To achieve ‘net zero’ greenhouse gas emissions by 2050, the Government should create a market for so-called ‘negative emissions’ that... Read more
This paper examines the role of power prices on deindustrialization. Read more
The authors of this paper aim to illuminate how high power prices can exacerbate premature deindustrialisation, using data from 33 countries and regional data from the Philippines. Read more