Working paper – Centre for Climate Change Economics and Policy

Submission to the UK Environmental Audit Committee’s Inquiry on Environmental Change and Food Security

This report consists of written evidence to the UK Parliament Environmental Audit Committee’s inquiry on environmental change and food security. It states that UK’s Food Strategy of 2022 does not sufficiently factor climate risks into building resilient domestic food supply chains and suggests measures that the Government could take to increase food security while providing climate mitigation and health co-benefits.

Believe me when I say green! Heterogeneous expectations and climate policy uncertainty

This paper analyses the dynamic interaction between diverse expectations, investment decisions and climate change mitigation policymaking, exploring how firms invest in low or high carbon capital depending on their beliefs about future carbon prices.

The stumbling block in ‘the race of our lives’: transition-critical materials, financial risks and the NGFS climate scenarios

This paper empirically estimates the material demand requirements for so-called ‘transition-critical materials’ (TCMs) implied under two climate scenarios and finds potentially serious supply ‘bottlenecks’ for three materials – copper, lithium and nickel – which are exacerbated if the transition is delayed.

Skills and wage gaps in the low-carbon transition: comparing job vacancy data from the US and UK

This report provides a detailed characterisation of low-carbon jobs from the last decade in the United States and the United Kingdom, bringing new evidence to support policy discussions.

Avoiding leakage from nature-based offsets by design

To help nature-based offsets reach their potential for climate change mitigation, this working paper proposes an alternative approach to managing the issue of market leakage.

The social cost of carbon with intragenerational inequality and economic uncertainty

This paper investigates just how important intrageneration inequality is for the social cost of carbon, compared to intergenerational inequality and macroeconomic uncertainty.

Industrial policy and global public goods provision: rethinking the environmental trade agreement

This paper explores how rethinking the global environmental trade agreement could produce long-term benefits, for example by allowing laggard countries to catch up with those more advanced in producing clean energy technologies

Optimal climate policy as if the transition matters

How best to make the transition from a high- to low-carbon economy remains open for debate, involving complex dynamics that go beyond basic models of emissions abatement. It is these dynamics that the authors aim to analyse with the model they develop in this paper, showing that it is optimal to repurpose and strand a substantial amount of capital.

Growth and adaptation to climate change in the long run

As the climate is changing, the global economy is adapting. This paper provides a novel method of estimating how much…

Fighting climate change: international attitudes towards climate policies

This paper seeks to understand what drives support for or opposition to climate policies across the world. Evidence from an international survey reveals three key factors influence attitudes.