Economics

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The commitments of COP26 seem to have been forgotten in the rush to approve new oil and gas fields, ostensibly justified by the need for energy security. On June 1st the Fossil Fuel Non Proliferation Treaty organisation (FFNPT) published the report Fuelling Failure, How oil, gas and coal are driving climate change and sabotaging the…

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On the 1st June three former UN climate chiefs, Christian Figueres (2010-16), Yvo de Beor (2006-10) and Michael Zammit Cutajar (1991-2002) wrote a joint article in the Guardian. They state that in February the world’s governments endorsed the IPPC report on Impacts, Adaptation and Vulnerability and thus the statement that… “The cumulative scientific evidence is…

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Last year the IMF called for a globally applied carbon price floor corresponding to a country’s wealth, with a suggested tariff in 2021 of $75 for the wealthiest countries and $25 for less developed countries. Today in the Times (paywall) Mehreen Khan, the economics editor, makes the case for an effective international carbon pricing system rather…

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UBI Center is a think tank whose mission is “To make universal basic income the world’s most thoroughly researched economic policy“. They have just published (23rd April) a blog discussing their analysis of carbon pricing with dividends in the UK and the results won’t surprise anyone in CCL. They start by pointing out that the…

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Fuel Poverty Action campaigns against the shocking levels of fuel poverty in the UK (the highest in Western Europe) and the energy industry policies and failure to adequately improve housing stock which exacerbate fuel poverty. Its latest campaign, #EnergyForAll was reported on by Polly Toynbee in the Guardian on the 21st April.   This is the…

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The crisis caused by the war in Ukraine has prompted the Government to rejig its energy policy in order to increase energy security by reducing the need for imported fuel. This rethink could have been an opportunity to move away from the use of gas as our base load fuel and stick to our commitments…

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The progressive think tank Autonomy, which researches solutions for climate change, the future of work and economic planning published a (very readable) report titled ‘Toll Gates and Money Pumps: Why carbon taxation could be a simple, fair and transformative policy instrument’ on the 21st of March. The report outlines how a globally applied carbon fee…

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The escalating energy bills and conflict in Ukraine are creating a big threat to climate change action. Instead of doubling down and powering up the move to clean energy, there’s a threat that the UK government may turn to increased oil and gas production and fracking. This would create more greenhouse gases when we’ve been…