Publications

Do carbon offsets offset carbon?

Working paper by Raphael Calel, Jonathan Colmer, Antoine Dechezleprêtre, Matthieu Glachant on 3 Nov 2021

In this paper the authors develop and implement a new method for identifying ‘wasted’ subsidies, and use it to provide systematic evidence on the misallocation of carbon offsets in the Clean Development Mechanism, the world’s largest carbon offset programme.


To build or not to build? Capital stocks and climate policy

Working paper by Elizabeth Baldwin, Yongyang Cai, Karlygash Kuralbayeva on 19 Jan 2018

To achieve the goals of the Paris Agreement, the use of fossil fuels must peak and then rapidly decline. This research investigates the impact of climate change policy on capital invested in fossil fuel power plants, especially coal – so-called ‘dirty’ assets. read more »