Filtered by Subscriptions: Climate Economics Use setting Climate Economics
Activity/emissions links to weaken over time The release of our latest China Activity Proxy (CAP) this week showed that the Chinese economy bounced back rapidly in Q1 following the ending of its zero-Covid strategy. Recall that the CAP is our attempt to …
28th April 2023
The global energy market is in the early days of a radical redesign due to the need to cut greenhouse gas emissions. In this Focus , we introduce our long-term energy market forecasts, which are characterised by continued growth in energy consumption and …
27th April 2023
In this new quarterly publication, the Capital Economics’ Climate and Commodities teams will track and analyse developments in the transition to a greener global economy. The sharp increases in the lifetime costs of wind and solar projects since 2021 …
26th April 2023
The physical risks facing commercial property are substantial with extreme weather events like floods and wildfires set to increase in both the US and Europe over the coming decades. Property markets have yet to fully price these in, especially in areas …
21st April 2023
The shipping industry is notable as being both a vital artery of world trade and one of the trickiest sectors to de-carbonise. This Update looks at five key questions on the near-term plans to reduce emissions from the sector and the potential …
13th April 2023
The “ Powering up Britain ” plan presented by the UK government this week highlights the benefits and limitations of official involvement in reducing emissions. On the one hand, the plans to reduce the price of electricity relative to gas will help to …
31st March 2023
Synthesising the Synthesis Report The main climate-related event of the month – other than the publication of our inaugural Climate Economics Outlook , of course – was the release of the Intergovernmental Panel on Climate Change’s (IPCC) sixth Synthesis …
The EU’s Net-Zero Industry Act announced last week aims to keep the manufacture of clean technologies within the EU and shows that global fracturing will take place within blocs as well as between blocs over the coming years. But the bigger picture is …
24th March 2023
With the clocks set to go forward in the UK and EU this weekend, it’s worth noting that the practice of “preserving” daylight has its roots in saving energy: the policy was first implemented by Germany in WW1 to free up coal stocks and was re-adopted in …
In ordinary times, today’s launch of the Intergovernmental Panel on Climate Change’s (IPCC) sixth synthesis report in Interlaken would have been the most high-profile news event to emerge from Switzerland. As it happens, amid the drama of the Credit …
20th March 2023
While the Credit Suisse rescue might draw a line under that particular institution’s problems, it is clear that confidence in the financial sector overall is still extremely fragile. So regardless of whether more financial institutions run into trouble, …
This inaugural Climate Economics Outlook establishes our bottom-up long-term forecasts for greenhouse gas emissions for the world’s largest polluters. These forecasts will serve as a baseline for future analysis of the impacts of alternative climate …
7th March 2023
The common-sense place to start The release of the 2023 version of the Global Methane Tracker by the International Energy Agency (IEA) last week once again highlighted how carbon dioxide (CO 2 ) emissions are far from the only challenge on the climate …
28th February 2023
Energy Performance Certificates (EPCs) are the main benchmark for environmental standards in UK housing. There is evidence that they are improving efficiency in new-builds and new regulations will enforce change on rental properties, but this progress …
27th February 2023
The war in Ukraine. Ageing populations. Rising temperatures. Investors are having to grapple with a formidable range of uncertainties around the long-term outlook for the global economy and markets. Their challenge is compounded by the fracturing of the …
22nd February 2023
A combination of higher interest rates and rising raw material prices have interrupted the long-term declines in the costs of renewables and battery power, and could push costs up further in the near term. However, such pressures will dissipate as policy …
16th February 2023
There is a touch of the Dr Jekyll and Mr Hyde about China’s climate credentials, with its well-documented record of burgeoning emissions and reliance on coal standing in stark contrast to its increasing influence over the supply of green technology. The …
31st January 2023
Central bankers let their hair down Climate change was front and centre of the discussions earlier this month when a host of heavy-hitters from the world of central banking descended on Stockholm for an International Symposium on Central Bank …
26th January 2023
The recent commencement of stricter office EPC legislation in the Netherlands has raised concerns that Dutch office valuations may be on the edge of a regulatory precipice, given the large proportion of non-compliant stock. However, we think the …
13th January 2023
A large part of the real estate sector’s carbon footprint is related to electricity production and so will shrink over time as the use of renewables continues to expand. The biggest challenges to reducing property sector emissions will be in emerging …
9th January 2023
Following on from our recent background note on the EU’s Carbon Border Adjustment Mechanism (CBAM) and the signing off on the tool by EU Ministers over the weekend, this Update examines which countries may be most affected by the eventual introduction of …
20th December 2022
While today’s agreement on the EU’s “Carbon Border Adjustment Mechanism” leaves vital questions unanswered, it is a step towards the valid goal of making users pay for the emissions that they consume – wherever such emissions are produced. This Update …
13th December 2022
International efforts to halt and reverse nature loss dovetail with aims to reduce net greenhouse gas emissions by protecting and expanding so-called carbon sinks, such as forests. But this is only one part of the de-carbonisation puzzle and does not …
30th November 2022
Global biofuel production unlikely to ramp up anytime soon … … as governments instead prioritise EVs as the future of green transport. As such, elevated food prices shouldn’t be exacerbated by biofuels competing for crops. Global food prices are at …
28th November 2022
China’s dominance in the supply of some key materials needed for the green transition means that tracking imports of certain goods from the country can offer a timely, albeit imperfect, window into the rollout of renewable technology elsewhere – …
25th November 2022
The “global” pledge to cut methane emissions by 30% this decade is a worthy aim, but the fact that the world’s biggest emitters have not signed up is far from helpful, and many of the obvious ways to reduce emissions should happen in spite of …
16th November 2022
The most measurable climate pledge made to date has been on climate finance – specifically the commitment by advanced countries to provide $100 billion each year to the emerging world by 2020 to fund adaptation and mitigation. With COP27 underway, this …
7th November 2022
Ahead of the start of COP27 in Egypt on Sunday, this Update explains why one should take the rhetoric of such events with a pinch of salt and focus instead on firm political actions and economic drivers. “COP” stands for ‘Conference of the Parties’ and, …
1st November 2022
Although the energy crisis in Europe has dealt a blow to the EU’s near-term green ambitions, a combination of economic incentives, NextGenEU funding, and geopolitical expediency will cause the bloc to re-double its decarbonisation efforts. However, …
24th October 2022
We don’t think COP27 is likely to achieve much. At the heart of our new Climate Economics coverage is the idea that economic and market forces – far more than government diktat – will drive the green transition. As the challenge of tackling climate change …
20th October 2022
Environmental policy is one channel through which Brazil’s presidential election has global implications. The country is the single largest source of deforestation in the world and, with deforestation often leading to cattle ranching, Brazil plays an …
17th October 2022
Central banks have the tools to deal with liquidity crises arising from rising interest rates and falling asset prices. Instead, the bigger threat is that higher interest rates produce large and simultaneous falls in asset prices that threaten the …
11th October 2022
The purpose of this Focus is to introduce our new dedicated Climate Economics research. It is split into three sections. This first looks at how our coverage will be structured and what topics we will focus on. The second introduces our Climate Databank …
10th October 2022
Climate Economics …
3rd October 2022
Drop-In: Spotlight – Economic fracturing, commodities and climate change …
29th September 2022
