Blogs: Energy

Energy markets, whether fossil-based or renewable, and their interaction with the wider economy are complex. We help to shed light on these complexities to inform sustainable energy policy.

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…

Carbon-neutral steel-making: is it a possibility?

carbon neutral steel

Quite literally, steel is the backbone of a modern society. Unfortunately, the production of steel contributes significantly to human-made climate change.

It is very unlikely society will cease to demand steel, so it is important to figure out how the iron and steel industry c…

The impact of a carbon tax in the USA

carbon tax USA

Carbon taxes have largely failed to gain traction in the United States, despite being a key requirement for rapid decarbonisation at a local, state or national level.
Policymakers and voters have declined to endorse them, concerned about costs to consumers and negative impacts o…

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…

The social cost of carbon; it’s time to kill it

Social cost of carbon emissions CO2

The social cost of carbon (SCC) is misguided, increasingly irrelevant and should have been abandoned years ago, so argues our Director and Head of Modelling, Hector Pollitt.

What is the social cost of carbon (SCC)?
The social cost of carbon (SCC) is a hideous construct of mai…