Environment

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    Refining the climate science will be essential for firms’ ability to adapt to global warming

Refining the climate science will be essential for firms’ ability to adapt to global warming

“It’s nice for people to talk about two degrees….but we don’t even have the commitments that are going to keep us below four degrees of warming”. Bill Gates, in The Economist.

Even the most optimistic predictions of the outcome of the Conference of Parties in Paris (COP21) still agree that historical emissions have ‘locked in’ 1.5C of global mean temperature […]

Maritime shipping must come to grips with its CO2 emissions

Maritime shipping is the transmission belt for the global economy, carrying 90 percent of global trade. It plays a fundamental role in the growth of the world economy. However, it is also a major contributor to global environmental change through a diversity of issues from oil spills, CO2 and other air emissions, to invasive species, disposal of hazardous material […]

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    New economics of climate change action challenges ‘costly burden’ arguments

New economics of climate change action challenges ‘costly burden’ arguments

As representatives from more than 190 countries gather in Paris to negotiate an international deal to tackle climate change it is timely to reflect on the evolving economic rationale for international climate cooperation.

A central conclusion of the 2006 Stern Review of the Economics of Climate Change was that the global costs of failing to act on climate change would […]

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    Investing in a zero carbon economy could help the EU escape secular stagnation

Investing in a zero carbon economy could help the EU escape secular stagnation

What the downward revisions of various forecasts (IMF, OECD, OFCE) presented in early autumn 2015 tell us about the Eurozone is not very comforting. A recovery is underway, but it is both sluggish and fragile. The unemployment rate in the Eurozone is still very high (almost 11 per cent of the labour force in the second quarter), and a sluggish recovery […]

Why Are We Waiting? – Book Review

Why Are We Waiting? The Logic, Urgency and Promise of Tackling Climate Change. Nicholas Stern. MIT Press. 2015.

In 2006, the Stern Review was published. It fast became the most reliable and extensive analysis of the economic repercussions of climate change on human systems. To those working on climate change, Professor Lord Nicholas Stern is a familiar name. He uses […]

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    Zero growth wouldn’t bring the world anywhere near the necessary reduction in CO2 emissions

Zero growth wouldn’t bring the world anywhere near the necessary reduction in CO2 emissions

Could you comment on zero-growth proposals, as opposed to delinking economic activity and greenhouse gas emissions?

“There are some that would argue that we cannot manage climate change unless we stop growing, and I think that’s a mistake. Let me just be slightly numerical to illustrate that. We are emitting as a world 50 or 51 Gigatons a year of […]

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    Growth of emerging markets, new technologies and urbanisation are historic world shifts

Growth of emerging markets, new technologies and urbanisation are historic world shifts

What role do universities play in helping businesses understand the world and where the world is going?

“The world is undergoing fundamental structural change. The balance of economic activity is moving to emerging markets and developing countries, as they have faster growth rates than we’re seeing in the rich countries. It’s moving into towns and cities at an extraordinary rate. […]

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    Tata shows that private governance of adapting for climate change can work – with clearer incentives

Tata shows that private governance of adapting for climate change can work – with clearer incentives

A growing paradigm of ‘engaging the private sector’ is noticeable in all areas of climate risk management and adaptation. Particularly in the face of constrained public budgets and rising adaptation costs, policy makers internationally, nationally as well as locally appear to be increasingly interested in the contribution of the private sector to societal resilience.

However, there is limited empirical investigation […]

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    Why the EU should redouble its efforts to reach full decarbonisation

Why the EU should redouble its efforts to reach full decarbonisation

As the world approaches the Paris climate conference, where it is expected to adopt a new global climate agreement, the European Union is striving to maintain its traditional leadership role on climate change. This leadership seemed to hit a high point in October 2009, when the European Council of Heads of State and Government agreed to reduce greenhouse gas (GHG) […]

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    Where do multinationals fit in global efforts to adapt to climate change?

Where do multinationals fit in global efforts to adapt to climate change?

Climate change is widely recognized as one of the critical global challenges on the political agenda and is not a new topic for the boardrooms of multinational corporations (MNCs) either. Ahead of the upcoming climate change summit in Paris in December governments and companies are pledging emission reduction targets and are working on new initiatives to lower their carbon […]

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    The world needs to stop relying on linear business models that produce waste

The world needs to stop relying on linear business models that produce waste

The industrial revolution 200 years ago created what we call a linear economy. Ever since, we have been relying on such a model to achieve economic growth, and standards of living have improved significantly. But we pay a high price for it. In this type of “take, make and dispose” economy, companies operate with blinders on and industries function […]

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    The energy sector is changing fast, but is it enough to keep global warming within 2ºC?

The energy sector is changing fast, but is it enough to keep global warming within 2ºC?

“This industry is going through a tremendous transformation. We used to have a pretty good idea of what future needs would be….That world has ended.” – Steve Holliday, CEO National Grid
The way we generate, transport, store and use energy is changing: the centralised system of large emissions-intensive, often state-owned power plants that send electricity to consumers using inflexible tariff […]