Carbon default swap – disentangling the exposure to carbon risk through CDS

In this paper the authors use Credit Default Swap (CDS) spreads to construct a forward-looking, market-implied carbon risk factor and study how, where and when carbon risk affects firms’ creditworthiness by examining whether firms’ exposure to carbon risk is reflected in the market prices of their CDS contracts.

Knowledge exchange enhances engagement in ecological restoration and rehabilitation initiatives

Knowledge exchange initiatives between different projects can enhance engagement in ecological restoration and rehabilitation initiatives, according to research in South Africa by the ESRC Centre for Climate Change Economics and Policy (CCCEP), the ESRC Impact Acceleration Account (IAA) project awarded to the University of Leeds, and the Leeds Social Sciences Institute, as published in a […]

Counting carbon or counting coal? Anchoring climate governance in fossil fuel-based accountability frameworks

This analysis explores schemes for the monitoring, reporting and verification of fossil fuels, and points to a hybrid fossil fuel-based accountability framework that accounts for infrastructure and production volumes. Such transparency would provide opportunities for democratic oversight of climate governance efforts and channels to hold states accountable for their climate performance.