Post category: Climate change

It’s time to kill the social cost of carbon

Social cost of carbon emissions CO2

The social cost of carbon (SCC) is a hideous construct of mainstream economics. It is designed to show the economic value to the world of reducing a single unit of greenhouse gas emissions. It provides a number that can then be plugged into cost-benefit calculations.

It is mis…

What if China said ‘no’ to new coal?

chinese coal climate change

Head of Modelling, Hector Pollitt, sends us a report from the United Nations climate change talks (COP24) in Katowice, Poland.

The mood going into COP24 has not been overly positive. Yes, there are record numbers of renewables installations, but global emissions are still incr…

Trump tariffs will not bring back coal

When President Trump announced a tariff on imports of solar panels (which came into effect on 7th February) we immediately ran some figures through our macroeconomic model to assess the impact that the policy might have on the US energy system.

Our analysis shows that Trump’…

Reflections on COP23

It’s been a week since the Conference of the Parties (COP) in Bonn, so it must be time to start thinking about Christmas (or in my case this year, my wedding!). But before moving on completely it is worth spending some time reflecting on the events of the last few weeks.

COP23…

The gap to 2°C: it’s narrower than most people think

Cambridge Econometrics’ projections suggest that the carbon emissions gap to 2°C might be 10 GtCO2e in 2030, notably less than projections by other research institutes, including those in the UNEP report published this week.  There is reason to be optimistic.

But why is o…