Publications

Adding fuel to fire? Social spillovers and spatial disparities in the adoption of LPG in India

Working paper by Suchita Srinivasan, Stefano Carattini on 8 Feb 2019

This paper investigates the role of ‘social spillovers’ – people learning from and imitating the behaviour of other people – in the adoption of new technologies, with a focus on liquefied petroleum gas (LPG) in India. The conclusions are important for policymakers seeking to hasten the switch to cleaner energy sources in developing countries. read more »

Investing in a just transition in the UK: How investors can integrate social impact and place-based financing into climate strategies

Policy publication by Nick Robins, Andy Gouldson, William Irwin, Andrew Sudmant on 4 Feb 2019

This report explores the extent of the challenge to ensure that action on climate change supports an inclusive economy in the UK, efforts that are already underway, and what actions investors can take. It includes a regional case study of Yorkshire and the Humber.

Intertemporal emissions trading and market design: an application to the EU ETS

Working paper by Simon Quemin, Raphaël Trotignon on 15 Jan 2019

The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »

Steering the climate system: an extended comment

Working paper by Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym on 4 Jan 2019

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »

Pigou pushes preferences: decarbonisation and endogenous values

Working paper by Linus Mattauch, Cameron Hepburn, Nicholas Stern on 17 Dec 2018

This paper explores the relationship between carbon prices and policies that change consumers’ preferences, concluding that taking the effects into account in economic models would enhance understanding of climate change mitigation policy, facilitating the transition to a low-carbon economy. read more »

Strategic implications of counter-geoengineering: clash or cooperation?

Working paper by Daniel Heyen, Joshua Horton, Juan Moreno-Cruz on 14 Dec 2018

This research finds that the presence of counter-geoengineering would make the risk of unilateral action to cool the climate using solar geoengineering less likely, but not always with benign effects. read more »

The impacts of energy prices on industrial foreign investment location: evidence from global firm level data

Working paper by Misato Sato, Aurélien Saussay on 11 Dec 2018

The results of this paper show that upon deciding to invest, firms are attracted to regions that have lower energy prices. This supports arguments for better targeting leakage prevention measures to complement carbon pricing for energy-intensive industrial activities. read more »

Remarks from Eddie Bernice Johnson (Ranking Member of the House Committee on Science, Space, and Technology)

Policy publication by on 10 Dec 2018

Remarks from Eddie Bernice Johnson (Ranking Member of the US Congressional House Committee on Science, Space, and Technology) to the Fall Meeting of the American Geophysical Union Communicating Climate Change: … read more »

Letter from Bob Ward to Congresswoman Eddie Bernice Johnson (Ranking Member US House Committee on Science, Space and Technology)

Policy publication by on 10 Dec 2018

In this letter Bob Ward invites the Congresswomen to support efforts by American climate researchers to engage with polticians on climate change.

Climate change and the just transition – A guide for investor action

Policy publication by Nick Robins, Vonda Brunsting, David Wood on 6 Dec 2018

This guide has also been translated into French and Spanish. A ‘just transition’ for workers and communities as the world’s economy responds to climate change was included as part of the 2015 Paris Agreement on climate change. This guide sets out how investors can address the social dimension of climate change and pursue the goal […]