Blogs: Climate

Climate change is a major global concern whose impacts are felt locally. Our expertise can help you understand the impact of climate policies.

Net-zero China: millions of workers will be affected

china jobs net zero coal

Our Principal Economic Modeller, Unnada Chewpreecha, takes a look at what China’s net zero pledge means for jobs in the country.
Two weeks ago, President Xi of China announced that China intended to peak its CO2 emissions before 2030 and achieve carbon neutrality (net-zero CO2 e…

Ground-breaking climate resilience project bears fruit

A ground-breaking project, carried out by Cambridge Econometrics (CE), The UK Centre for Ecology & Hydrology (UKCEH), University of Edinburgh and University of Exeter for the Met Office is underway.
It seeks to develop consistent shared socioeconomic pathways (SSPs) for the …

The risks of extending the EU Emissions Trading System

emissions trading scheme

The European Commission is currently running a public consultation on extending the European Union’s Emissions Trading System (EU ETS) to include road transport and the heating of buildings.
Jon Stenning explores the issue, drawing on technology diffusion and macroeconomic ana…

Investing for sustainable growth

Andrew Sentance argues that to achieve a net zero economy by 2050 the UK government must invest now.
The economic model that has developed in the UK and other major economies over the past 250 years of industrialisation and economic development is heavily dependent on the burnin…

Climate change and financial risk: how economic models can help

In a series of speeches for the Bank of England, Mark Carney warned firms and investors that they must adapt to climate risks.
Sophie Heald, our Sustainable Investment lead, explains how models can be used to help quantify these risks.
The last decade was the warmest ever. In r…

What do our economic models tell us about green growth?

amazon fires green growth degrowth

Is it really possible to keep on consuming more and more, while still respecting societal and environmental boundaries?
Will the future be one of green growth (the economy grows while resource use falls) or degrowth (economic growth is constrained in order to reduce environment…