Policy publication by Alina Averchenkova, Kate Elizabeth Gannon, Patrick Curran on 26 Jun 2019
This report and accompanying 8-page brief examine some of the emerging challenges in climate governance in South Africa and potential solutions. The lessons identified are also relevant for other developing economies. read more »
Policy publication by Josh Burke, Sam Fankhauser on 22 May 2019
This report sets out the importance of pricing carbon as a key component of any strategy to reach net-zero emissions in the UK – that is, balancing carbon emissions with carbon removal. read more »
Working paper by Jared Finnegan on 9 Apr 2019
This paper focuses on the role of political institutions, particularly electoral rules, and state–business relationships, to ask why some countries take strong action to address long-term problems like climate change while others do very little. read more »
Working paper by Lutz Sager on 4 Apr 2019
This paper estimates the global distribution of the costs to consumers from carbon pricing, finding that some policies may be considered regressive for their burden on poorer consumers – but that the benefits from mitigating climate change may weaken or reverse the regressive effect. read more »
Working paper by Stefano Carattini, Eli Fenichel, Alexander Gordan, Patrick Gourley on 22 Mar 2019
This paper describes the benefits of a game created as an active learning method to teach current and future decision-makers about the ‘cap and trade’ system, one of the most innovative policy options developed by environmental economists. read more »
Working paper by Baran Doda, Simon Quemin, Luca Taschini on 27 Feb 2019
A patchwork of emissions trading systems (ETSs) currently operate in several jurisdictions, including the EU, Switzerland, South Korea and several US states and Canadian provinces. China has also been experimenting with emissions trading in seven provinces and cities and is setting up a national system that will be much larger than the current largest system, […]
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 »
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 »
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 »
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 »
