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.

COP26: Raise the ambition and support a Just Transition

With just over two weeks to go until COP26, Chair of Cambridge Econometrics Richard Lewney calls for more ambitious decarbonization targets and a Just Transition. Richard shares top scenario analysis insights using our global macroeconomic model E3ME.
Existing Nationally Determ…

A Diet Green New Deal: Relief, Recovery, and Transformation?

Although he might still be insisting otherwise, Donald Trump lost the 2020 presidential election. Joe Biden secured a victory with a record-breaking popular vote and the necessary electoral college votes to safely secure the presidency. Biden won the presidency, and the Democ…

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 em…

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 anal…

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 explains how models can be used to help quantify these risks.
The last decade was the warmest ever. In recent months, we have seen the deva…

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 environmenta…