Water risks for hydroelectricity generation

This paper studies the impact of reduced water availability on hydroelectricity generation, a central piece in the low-carbon transition, in Europe and the United States.

Carbon default swap – disentangling the exposure to carbon risk through CDS

In this paper the authors use Credit Default Swap (CDS) spreads to construct a forward-looking, market-implied carbon risk factor and study how, where and when carbon risk affects firms’ creditworthiness by examining whether firms’ exposure to carbon risk is reflected in the market prices of their CDS contracts.

Seasonal temperature variability and economic cycles

In this paper, the author assembles a new set of quarterly and six-monthly temperature and GDP data for 98 countries and develops a new estimation strategy to attribute observed fluctuations in GDP to changes in temperature.

Do carbon offsets offset carbon?

In this paper the authors develop and implement a new method for identifying ‘wasted’ subsidies, and use it to provide systematic evidence on the misallocation of carbon offsets in the Clean Development Mechanism, the world’s largest carbon offset programme.

Counting carbon or counting coal? Anchoring climate governance in fossil fuel-based accountability frameworks

This analysis explores schemes for the monitoring, reporting and verification of fossil fuels, and points to a hybrid fossil fuel-based accountability framework that accounts for infrastructure and production volumes. Such transparency would provide opportunities for democratic oversight of climate governance efforts and channels to hold states accountable for their climate performance.

The impact of climate legislation on trade-related carbon emissions, 1997–2017

There is considerable anxiety about the international impact of unilateral action on climate change, particularly around ‘carbon leakage’. Looking at the impact of national climate change policy and legislation over the past two decades, this paper finds no evidence it has increased international carbon leakage.