The fact that a carbon tax is an environmentally and economically efficient instrument for reducing emissions is often highlighted, but the equity story is also of importance. This paper addresses the question of the distributional burden of a carbon tax across different income groups and the role played by income inequality.
Climate and disaster risk insurance in low income countries: Reflections on the importance of indicators and frameworks for monitoring performance and impact
How to effectively monitor and evaluate the use of climate and disaster risk insurance remains unclear. This paper reviews how these instruments are currently evaluated and finds a need for transparent monitoring and evaluation frameworks to enable greater scrutiny and to assist those funding, demanding or supplying insurance, with evidence from India and Africa.
The authors of this paper devise a new strategy for social interventions designed to increase climate-friendly behaviour, testing the proclivity of attendees at a major European environmental economics conference to offset their carbon emissions from travelling to the conference.
This paper studies the relationship between generalised trust in other members in society, temperature fluctuations during the maize growing season, and international migration by asylum seekers, asking whether trust mitigates or increases the impact of climate change on migration.
Designing a funding framework for the slow-onset impacts of climate change: insights from recent experiences with coastal retreat
Drawing on relevant global experience, this paper investigates recent approaches to planned relocation of communities as one possible response to climate change impacts.
The behavioural, welfare and environmental impacts of air travel reductions during and beyond COVID-19
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.
The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase.
Enabling private sector adaptation to climate change among small businesses in developing countries: What role for multi-stakeholder partnerships? Experiences from Kenya
This paper investigates the role of multi-stakeholder partnerships (MSPs) in supporting the development of enabling conditions for adaptation to climate change among micro, small and medium enterprises (SMEs) in developing countries, with a focus on Kenya.
The Philippines is highly exposed to natural hazards including typhoons. This report, finding that financial aid tends to be heavily focused on response to hazards rather than preparedness and resilience, investigates why further disaster risk policy intervention may be required at the local level and provides guidance to policymakers. read more »
Market failures and willingness-to-accept the smart energy transition: Experimental evidence from the UK
This paper describes an experiment on a nationally representative sample of UK households that aimed to quantify resistance to smart meter adoption and test for the existence of commonly cited market failures that inhibit the adoption of energy-saving technologies. The authors measured if households would adopt a smart meter without financial compensation and, for those households unwilling to do so, the subsidy level that would be necessary to persuade them. read more »