This paper aims to estimate the short-run impacts of air travel reductions due to COVID-19, and explores the potential for policy measures to curb demand and reduce carbon dioxide emissions beyond the lifetime of the pandemic with minimal impacts on welfare.
In advance of the Budget, this policy report highlights areas of the UK economy where the public sector could leverage private investment and in so doing contribute to achieving the strategic priorities of regionally balanced growth and decarbonisation. read more »
This paper provides new evidence that financial markets value firms’ expansion into production of low carbon goods and services, but they remain cautious on divesting from the most polluting industries. read more »
The UK needs to adopt a strategic approach to decarbonisation and the transition to net-zero economic growth. This report focuses on the goods and services related to passenger vehicles, identifying the multiple areas in which the UK could be competitive: opportunities lie in diverse goods and services across value chains and stages of innovation. read more »
This paper examines how diversifying and specialising production towards environmental goods and services is associated with the profitability and market valuation of firms. read more »
In this paper the authors raise the question of whether there is an economic incentive for firms to pursue strategies of clean, environmentally supportive innovation as opposed to carbon-emitting dirty innovation activities. read more »
This article reflects on comments made by the government’s chief environment scientist on the UK’s net zero target. In the article Josh Burke refers to research by the Grantham Research Institute which shows how achieving net zero and maintaining economic growth are not mutually exclusive. read more »
To protect the systems that sustain life on earth, we need to do more than just reimagine the economy – we have to change everything. From one of the original … read more »
Headline issues Wellbeing, quality and sustainability: the new focuses of China’s transformation The 14th Five-Year Plan (covering 2021–25) will be a crucial element in shaping the new era, for China and for the world. China’s transformation has seen it rise from low-income to upper-middle-income status in just over four decades. China will transform again in […]
Nicholas Stern contends that embarking on a path of strong, sustainable and inclusive growth can deliver the zero-carbon economy and the Sustainable Development Goals, and that such a strategy both requires, and can help create, a new internationalism. This is an extended version of a lecture by Professor Stern delivered in February 2019 at the University of Cambridge. read more »
