Long Run Update The implications of accelerated renewable electricity use Accelerated adoption of renewable electricity will cause demand and prices of coal and natural gas to fall over the long run. While we think the global economy will handle this transition well, there... 15th October 2021 · 3 mins read
CE Spotlight Will a transition to net-zero cause higher inflation? A gradual transition to ‘net-zero’ emissions would have a modest impact on inflation but could still make life more difficult for central banks if it happened at a time when other pressures were... 22nd September 2021 · 6 mins read
Long Run Update Implications of more extreme weather events Climate change is already making extreme weather events more frequent and more intense, which will worsen as the planet warms further. This is most likely to cause short-term disruptions to economic... 6th September 2021 · 6 mins read
Commodities Focus The impact of renewables on energy commodities We think that the adoption rate of renewable electricity will accelerate in the decades ahead, which should contribute to a near-continuous decline in demand for coal. Demand for natural gas should... 26th August 2021 · 13 mins read
Commodities Update A few points to make on extreme weather events Some of our forecasts for commodity prices this year have been blown off course by extreme weather events. As economists we cannot pretend to have insight into future weather patterns, but we can... 23rd August 2021 · 3 mins read
Japan Economics Focus Transition to carbon neutral 2050 wouldn’t harm growth Achieving net zero emissions in Japan in three decades is a difficult but achievable task. And while the most carbon-intensive sectors may face significant headwinds, overall we agree with PM Suga... 29th June 2021 · 30 mins read
Canada Economics Focus Tackling climate change will be costlier than elsewhere Over the next few years, there is potential for increased “green” investment to more than offset the negative economic effects of measures such as further carbon tax hikes. But given the economy’s... 26th May 2021 · 16 mins read
Europe Economics Focus ECB climate rhetoric to run ahead of action The ECB will make a big splash about climate change when it concludes its monetary strategy review this autumn. In practice, it is likely to make progress in addressing climate-related risks in the... 18th May 2021 · 14 mins read
Energy Update Five key questions on the EU’s carbon border tax Later this year, the European Commission is expected to provide draft details on how the EU will introduce and implement a carbon border adjustment mechanism (CBAM, often dubbed a ‘carbon border tax’)... 26th March 2021 · 5 mins read
Long Run Update Will the pandemic help “to green” economies? One silver lining of the pandemic may be to accelerate the transformation to a “green” global economy. The related investment could boost demand, and possibly potential growth, in those countries... 10th March 2021 · 7 mins read
US Economics Focus What steps will Biden take to tackle climate change? President-elect Joe Biden stood for election on a far-reaching environmental plan which, although it will be harder to implement with the Republicans likely to control the Senate, still represents a... 9th December 2020 · 21 mins read
Emerging Markets Economics Focus The winners and losers from climate change Climate change will be more costly to EMs than developed countries, with parts of Africa, as well as South and South East Asia most vulnerable to rising global temperatures. That said, some EMs could... 19th November 2020 · 15 mins read
Long Run Focus The winners and losers from climate change Climate change will be more costly to EMs than developed countries, with parts of Africa, as well as South and South East Asia most vulnerable to rising global temperatures. That said, some EMs could... 19th November 2020 · 15 mins read
Commodities Update Political gridlock will rein in any Green New Deal The apparent failure of the Democratic Party to win a ‘clean sweep’ in this week’s US election means that many of the policy initiatives and spending proposals made by presidential hopeful, Joe Biden... 6th November 2020 · 3 mins read
Energy Update Five key questions about the EU’s hydrogen strategy The recent launch of the European Commission’s hydrogen strategy marks a step forward in the region’s decarbonisation push in which it hopes to use ‘green’ hydrogen in place of fossil fuels. We answer... 10th July 2020 · 3 mins read
Energy Update Renewables take the shine off European fossil fuels The virus-related economic disruption has already dealt a huge blow to fossil fuel usage in European power generation. What’s more, we suspect that the transition towards renewables may be accelerated... 16th June 2020 · 4 mins read