The lack of a global carbon pricing mechanism means that efforts to reduce greenhouse gas emissions will remain inherently sub-optimal. Nonetheless, we expect technological improvements and the...

Many academic studies underplay the extent to which higher temperatures could affect economic activity over the long run. Nonetheless, even in a scenario in which the global average temperature rose...

Getting serious about decarbonisation would be more costly for governments than many fiscal scenarios would have you believe. Of course, the net impact on the public finances would depend on how...

There is a touch of the Dr Jekyll and Mr Hyde about China’s climate credentials, with its well-documented record of burgeoning emissions and reliance on coal standing in stark contrast to its...