Optimal climate policy as if the transition matters

Working paper by Emanuele Campiglio, Simon Dietz, Frank Venmans on 14 Dec 2022

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.

Carbon taxes and stranded assets: Evidence from Washington state

Working paper by Stefano Carattini, Suphi Sen on 6 Aug 2019

The authors of this paper show that while a convergence towards relatively high carbon prices is more than welcome from a climate perspective, central banks and other agencies responsible for financial stability may need to play close attention to such development. read more »

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 […]