The record warmth of 2015 just made me £1,334 richer. While the extra cash is a nice bonus, it sadly demonstrates that the atmospheric dice remain loaded towards increasing climate change. So, how did I turn increasing temperatures into cash? … Continued
A deal on limiting climate change, described by the French Foreign Minister as ‘the most ambitious and balanced possible‘ will be agreed today in Paris. It revolves around voluntary pledges made by over 180 countries to cut their greenhouse gas emissions. These … Continued
A week ago, I published a research paper, along with my colleagues Paul Gilding and Jimena Alvarez. For 20 leading fossil fuel producing firms, we measured the economic cost to society of the climate change impacts caused by the use of their … Continued
Earlier this week, BP published its 2015 Energy Outlook which shows fossil-fuel CO2 emissions growing by 25% by 2035. What do BP’s emission figures imply for the climate change impacts that we would be committed to, if they were to … Continued
The US and China today announced what has been hailed as a historic deal on greenhouse gas emissions, with China agreeing to cap emissions around 2030 and the US committing to 26 – 28% reductions by 2025. What does this actually mean … Continued
Nick Bostrom’s new book, Superintelligence, is a fascinating read for anyone interested in existential risks. I imagine that includes most people concerned with climate change. Marty Weitzman’s analysis and my own calculations make it clear that a substantial part of the … Continued
Today, Simon Dietz and Nick Stern (D&S) of the LSE released a new working paper. They make a few simple changes to Bill Nordhaus’s DICE model. The most important are that they allow for a range of climate sensitivities, and … Continued
Today the Treasury published its analysis of the dynamic effects of fuel duty reductions. The headline message of its analysis is that ‘these reductions in duty will increase GDP by between 0.3 and 0.5% in the long-term’. Apart from a single short … Continued
In Business Green last week Tom Burke argued that a narrow cost-benefit analysis and an obsession with carbon pricing is steering politicians away from the action climate change demands, but he appears to misunderstand what he is criticising. It is … Continued
Matt Ridley has a short piece in this week’s Spectator entitled Why climate change is good for the world. In it, he draws heavily on one paper by the Climate Economist Richard Tol, claiming that this paper supports his view that … Continued