Climate policy under sustainable discounted utilitarianism
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the … read more »
Publication type: Working papers
Experimental comparison between markets on dynamic permit trading and investment in irreversible abatement with and without nonregulated companies
This paper examines the investment strategies of regulated companies in abatement technologies, market participants’ trading behaviours, and the liquidity level in an inter-temporal cap and trade … read more »
Integrated EUA and CER price modelling and application for spread option pricing
In this paper, we propose a market consistent futures price dynamics model for cap-and-trade schemes, designed in the spirit of the European Union’s Emissions Trading Scheme … read more »
Climate change: the ultimate ‘tragedy of the commons’?
Abstract of Working Paper 53 The dominant view among scholars and policy makers has been that climate change governance should be based on international agreements which involve most nations. Yet progress in international negotiations has been slow and the effectiveness of governance based on the United Nations Framework Convention on Climate Change (UNFCCC) and its […]
Mapping the vulnerability of crop production to drought in Ghana using rainfall, yield and socioeconomic data
Abstract of Working Paper 55 This study evaluates new multi-scale, multi-indicator methods for assessing the vulnerability of crop production to drought at a national and regional scale by identifying differences across and within ten regions of Ghana, a country that faces many climate and crop production challenges typical of sub-Saharan Africa. The paper highlights key […]
Co-impacts of energy-related climate change mitigation in Africa’s least-developed countries: the evidence base and research needs
This article analyses the debate associated with the co-impacts of climate change mitigation in developing countries, with a particular focus upon Africa’s least developed countries. While … read more »
Combining multiple climate policy instruments: how not to do it
Putting a price on carbon is critical for climate change policy. Increasingly, policy makers combine multiple policy tools to achieve this, for example, by complementing cap-and-trade … read more »
Spending adaptation money wisely
The discussions about adaptation finance have mostly been about process: how money should be raised and how adaptation spending should be governed and monitored. This paper … read more »
Raising finance to support developing country action: some economic considerations
This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that:First, there is an … read more »
The survival of the conformist: social pressure and renewable resource management
This paper examines the role of other-regarding behavior as a mechanism for the establishment and maintenance of cooperation in resource use under variable social and environmental … read more »