Economics

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A new working paper (i.e. not yet peer reviewed) has been published by The National Bureau of Economic Research (US). Titled “The Macroeconomic Impact of Climate Change: Global vs. Local Temperature”, the paper claims that the macroeconomic damages from climate change have been seriously underestimated and are six times worse than thought. It has been…

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The next UK government must address the cost of living crisis. It’s also clear from public data that the climate crisis is an ongoing concern for 75%. Now there is the opportunity to kill multiple birds with one stone. The latest developments in the EU Green Deal are contributing to international momentum on the subject of carbon pricing.…

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A new Climate Damages Tax report has been published by Stamp out Poverty. The first was published in 2018 before the Loss and Damage Fund was agreed at COP28 which was kick-started by the UAE’s $100 million pledge. By 2 December 2023, a cumulative total of $655.9 million had been pledged to the Loss and…

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CCL Canada activists are currently having to campaign hard against the claims of opposition supporters that carbon pricing is hurting citizens, even though the rebate more than covers the rising costs for most income groups. Here’s the CCL Canada Press Release and a statement from Canadian Economists which supports the continuation of the Greenhouse Gas…

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Green Party MP Caroline Lucas has written an article in Business Green (paywall), (summary in Carbon Brief) about the pointlessness of the Offshore Petroleum Licensing Bill. She points out that annual licensing rounds can and already do happen, so no new legislation is needed; it is just “a political stunt that will harm the UK’s…

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At the November CCL UK national meeting we had an informative talk by Molly Scott Cato, the Green Party’s Finance and Economic spokesperson. Molly explained the background to the Green Party’s carbon pricing policy, which currently comes closest to the Climate Income policy advocated by Citizens’ Climate Lobby UK.* Molly explained that the EU would…

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On Tuesday 21st November CCI presented the latest Talanoa Dialogue on financial flows. Joe Robertson, Executive Director of CCI clarified what we are up against…..  In 1992 the United Nations Framework Convention on Climate change called for preventing dangerous human caused interference with the climate system, and in 2023 we are living with that dangerous…