This paper presents a new method for estimating the effects of regulations when treated and control firms compete on the output market.
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.
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.
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.
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.
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.
This paper investigates just how important intrageneration inequality is for the social cost of carbon, compared to intergenerational inequality and macroeconomic uncertainty.
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
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.
As the climate is changing, the global economy is adapting. This paper provides a novel method of estimating how much…
