Climate Economics Update China’s electric vehicle exports shift up a gear in April While China’s solar panel and lithium-ion battery exports fell back from record highs in April, the surge in battery electric vehicle exports meant that China’s overall green tech exports remained... 20th May 2026 · 2 mins read
Global Economics Update Assessing the effects of an extreme war scenario In this Update, we explore an extreme scenario in which the Iran war escalates beyond the assumptions in our published baseline and adverse scenarios. With Brent crude jumping higher and staying at... 14th May 2026 · 7 mins read
Europe Economics Update Euro-zone less reliant on fossil fuels than in 2022 The euro-zone’s declining reliance on fossil fuels – driven by lower overall energy demand and a shift towards renewables – means that the economy is becoming less sensitive to higher fossil fuel... 13th May 2026 · 2 mins read
Climate Economics Update China’s green tech exports boosted by Iran conflict China’s green technology exports reached a record high in March on the back of the sharp rise in global fossil fuel prices, and we think that the energy shock will continue to boost foreign demand for... 21st April 2026 · 2 mins read
Climate Economics Update China to benefit from a post-conflict green tech boost The energy shock as a result of the conflict in Iran could provide a boost to the renewable rollout, especially in parts of Asia and Africa where the risks from high fossil fuel prices are greatest... 7th April 2026 · 5 mins read
Global Economics Update What are the potential implications of Houthi Attacks? While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited, the impact on Asian economies that rely more heavily on oil imports from Saudi... 31st March 2026 · 4 mins read
Commodities Update Strategic reserves are no substitute for an open Strait A record-breaking release of emergency oil reserves could cushion a lack of supply from the Middle East and provide some relief to oil prices. However, this would prove temporary with prices likely to... 11th March 2026 · 4 mins read
Global Economics Update Scenarios for the Iran war & the macro impact This note assesses the macro and commodity‑market implications of three potential scenarios for the Iran war. In the most benign – a severe but short‑lived conflict – the effects on GDP, inflation and... 10th March 2026 · 7 mins read
Global Economics Update The consequences of the Middle East conflict The global economic impact of conflict in the Middle East will hinge on its effect on energy markets. If oil stays near $70-$80 per barrel, DM inflation will be only about 0.2-0.3 percentage points... 2nd March 2026 · 8 mins read
Climate Economics Update Carbon capture only a stopgap for fossil fuel emissions Carbon capture technologies are often put forward as a solution to lowering emissions from hard-to-abate sectors, but given the high costs involved, their uptake has been slow. This Update addresses... 19th February 2026 · 4 mins read
Commodities Weekly EU carbon market rocked by politics; volatile “safe havens” EU carbon prices fell sharply this week on the back of calls by political and industry leaders to water down the EU Emissions Trading System. As we’ve highlighted before, this is a risk that could... 13th February 2026 · 4 mins read
Climate Economics Update A closer look at the UK’s renewable auction “success” The ~8GW of renewable generating capacity procured at the UK government’s latest energy auction could help to lift renewables’ share in the UK’s energy mix to over 70% by 2030, and underlines the UK’s... 14th January 2026 · 4 mins read
Commodities Update Scrap recycling won’t ease metals supply woes yet The recycling of scrap metals and minerals has been put forward as a potential solution to high metals prices and the west’s push towards self-sufficiency, while also offering a promising step towards... 13th January 2026 · 3 mins read
Climate Economics Update China exports more green tech to emerging markets China’s green technology exports rebounded at a strong pace in year-on-year terms as China continues to reorient shipments towards emerging markets (EMs) amid US tariffs. While there remains a risk of... 22nd December 2025 · 2 mins read
Commodities Update Key Commodity themes to watch in 2026 Our latest Outlook outlines our commodity price forecasts over the coming years. This Update further highlights the key themes and the factors that will shape commodity market developments in 2026. 18th December 2025 · 4 mins read
Climate Economics Update China’s green exports were part of broader slowdown The slowdown in the annual growth rate of our proprietary measure of China's so-called New Three export volumes in October suggests that China’s green technology exporters were not immune to broader... 20th November 2025 · 2 mins read
