Climate Economics Update China’s green exports still strong despite trade tensions China’s green technology exports accelerated in year-on-year terms in September and were close to record high levels. Despite the risks to exports from new rare earth controls and tariffs, the former... 20th October 2025 · 2 mins read
Climate Economics Update EU’s CBAM takes carbon pricing global The looming introduction of the EU’s Carbon Border Adjustment Mechanism (CBAM) at the start of 2026 will finally extend the “polluter pays” principle to emissions imported into the bloc. This report –... 15th October 2025 · 5 mins read
Europe Economics Update How much will ETS2 add to euro-zone inflation? The introduction of the EU’s Emissions Trading System 2 will add only a small amount to headline inflation in the euro-zone in 2027, perhaps just 0.1 percentage points. So ETS2 is unlikely to be... 9th October 2025 · 3 mins read
Climate Economics Update More Chinese-made green tech is heading to the EU China’s exports of the New Three are still growing at a strong pace as an increase in shipments to the EU is helping to absorb the hit from US tariffs on trade volumes. While there are signs of... 22nd September 2025 · 2 mins read
Climate Economics Update Battery demand powers China’s green exports Despite signs of weakness in the broader trade data, China’s New Three export volumes reached a record high in July. This was mainly driven by a rise in exports of lithium-ion batteries. And while... 20th August 2025 · 2 mins read
Climate Economics Update Some silver linings in the One Big Beautiful Bill Act Changes to clean energy tax credits in the One Big Beautiful Bill Act will slow the renewable rollout in the US and make it more challenging to meet the renewed upward trend in electricity demand... 24th July 2025 · 3 mins read
Climate Economics Update Trade truce lifts China’s green tech exports The US-China trade truce and rebound in US demand helped lift China’s New Three export volumes to a record high in June. Although the strength in green exports is vulnerable to renewed tariff... 21st July 2025 · 2 mins read
Climate Economics Update EU tariffs not stopping China’s EV exporters Auto exporters in China have adapted to the EU’s tariffs on EVs by lowering export prices and focusing on vehicles that are not subject to tariffs. Even if trade restrictions were to remain in place... 10th July 2025 · 3 mins read
Climate Economics Update The changing face of the global tourism market Somewhat paradoxically, climate-driven shifts in tourist patterns could help to smooth the seasonal peaks seen in summer destinations, and some countries – particularly in northern Europe – will... 1st July 2025 · 3 mins read
Climate Economics Update China’s green exports hold up in the face of US tariffs China’s New Three export volumes edged down in May, but remained close to record highs, as the impact on trade from US tariffs was partially offset by increased shipments to the Middle East. While the... 20th June 2025 · 3 mins read
Middle East & North Africa Economics Update Israel’s strikes on Iran: assessing the macro impact The overnight strikes by Israel on Iran mark a major escalation in the conflict in the region and, with the oil market tighter than it was a few months ago, the risks to oil prices look more balanced... 13th June 2025 · 6 mins read
Climate Economics Update EU carbon market surplus keeps prices in check The surplus in the EU carbon market dampened incentives to decarbonise in 2024, and the likelihood that the surplus is maintained until 2027 will keep a lid on carbon prices in the near term. Further... 29th May 2025 · 3 mins read
Climate Economics Update No sign of a tariff hit to China’s green exports in April Despite the jump in US tariffs this year, China’s exports of the “New Three” reached a record high in April. This was mainly driven by increased exports to non-US markets, such as the EU. Looking... 20th May 2025 · 3 mins read
Climate Economics Update EU faces “difficult second album” syndrome with ETS2 By seeking to extend the “polluter pays” principle to building owners and road users, the ‘sequel’ to the EU’s Emissions Trading Scheme was always likely to run into public and political opposition... 19th May 2025 · 4 mins read
Global Economics Update Global Trade Stress Monitor To cut through the noise surrounding tariff impacts, we’ve pinpointed seven key stages in the global trade cycle – tracking in real time how each is responding to tariffs. This tool helps clients... 13th May 2025 (Updated 10th October 2025) · 0 mins read
Global Economics Update A truce in the US-China trade war The US and China have each suspended for 90 days all but 10% of their Liberation Day tariffs and cancelled other retaliatory tariffs. This is a substantial de-escalation. However, the US still has... 12th May 2025 · 4 mins read
