Blogs: Environment

Economies are reliant on the resources provided by the natural environment and yet, left unchecked, economic development can lead to its irreversible destruction. We can help you understand economic dependency on the environment and the impact of economic growth on the natural world around us.

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…

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…