Carbon pricing with regressive co-benefits: evidence from British Columbia’s carbon tax

The carbon tax introduced in British Columbia, Canada in 2018 is found to have had positive impacts on air quality. However the health co-benefits have been greatest in less polluted, less densely-populated and better-off neighbourhoods – highlighting that a carbon tax can exacerbate existing variations in pollution and health, where poorer areas are worse affected.

The welfare properties of climate targets

This working paper analyses the impacts of applying different constraints to climate model cost-effectiveness analysis on optimal carbon prices, emissions and human welfare.

Policing carbon markets

This working paper aims to shed light on the practical issues involved in policing carbon markets, such as new regulators with narrow authority and lack of legal precedent.

Impacts of climate litigation on firm value

This working paper presents evidence that litigation reduces firm value. This means that climate litigation should be considered a relevant financial risk by lenders, financial regulators and governments.