Our Work

Below is a small selection of the work that we’ve carried out. Click on a topic to see relevant projects.

Carbon-neutral steel production: is it a possibility?

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 can...

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Trade modelling, supply and demand… and Brexit

In a previous blog post I wrote about how the positive impacts of trade may be exaggerated by standard models – and how the economic impacts of trade may not always be positive. I noted that simulations with Cambridge Econometrics’ post-Keynesian E3ME model would not necessar...

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Why economists need to take a new look at the role of international trade in the modern economy

Outdated theories, unrealistic assumptions… our understanding of international trade is skewed. This latest blog by Hector Pollitt suggests that the 'more is better' assumption is too simplistic. In fact, he argues, the benefits of international trade are overplayed and it's ti...

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Macroeconomic impact of stranded fossil fuel assets

Macroeconomic impact of stranded fossil fuel assets, a major global study finds that rates of technological change in energy efficiency and renewable power are likely to cause a sudden drop in demand for fossil fuels, with major implications for the global economy. The study, pu...

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Saving Santa and the North Pole’s economy

In this light-hearted blogpost our Director, Hector Pollitt wonders how an economist would set about modelling the economy of the North Pole and finds that the challenges are not insurmountable. But how on earth do you account for 'magic'?  Is there a currency? What about the el...

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Offshore wind: the distinction between strike price and subsidy matters

On 11 September 2017 the UK government announced that two developers would commit to delivering 2.4GW of offshore wind capacity for a strike price of £57.50 per MWh generated from 2022/23, taking the industry by surprise. Comparisons to the £92.50 MWh required by the planned H...

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Competitiveness impacts of carbon policies on UK energy-intensive industrial sectors to 2030

Competitiveness impacts of carbon policies on UK energy-intensive industrial sectors to 2030 aimed to support the UK Committee on Climate Change (CCC) with its ongoing assessment of the impact of low carbon policies on energy prices and bills. The study also looked at the compet...

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Oil market futures

The European Climate Foundation asked us to investigate the economic effects of reducing transport-related CO2 emissions.

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