Climate Economics Update Emissions reduction efforts becoming fractured Whereas political pushback against the cost of climate action is hindering policy in North America and Europe, the tailwinds from China’s low-cost green technology exports are becoming more... 19th February 2025 · 3 mins read
Commodities Update Platinum set to take a narrow lead over palladium A slowdown in the adoption of EVs – along with an increasing preference for hybrids – is likely to increase demand for platinum by a bit more than for palladium over the coming years. Accordingly... 6th February 2025 · 3 mins read
Climate Economics Update Solar take-up in Saudi will be felt in global oil markets The renewable rollout in Saudi Arabia is set to accelerate on the back of cheap solar panel imports from China. Given that Saudi Arabia is one of a few countries that directly burns crude oil for... 5th February 2025 · 3 mins read
Climate Economics Monthly Climate Monthly: Politics take centre stage on both sides of the Atlantic Political opposition to the EU’s stringent climate policy has been growing, particularly given the backdrop of the bloc’s struggling industrial sector. The pressure on politicians to dilute Europe’s... 30th January 2025 · 5 mins read
Climate Economics Update Looming supply crunch supports EU carbon prices Although European natural gas prices will still influence EU carbon prices in the near-term, investors’ recent optimism suggests that expectations for a tighter carbon market down the line are... 28th January 2025 · 4 mins read
Commodities Update Silver to outperform gold over the coming years Traditionally, our bearish view on industrial metals, informed by China’s struggling property sector, would lead us to expect weakness in silver demand and prices. But given the growing use of silver... 27th January 2025 · 3 mins read
Commodities Focus What to make of Trump’s National Energy Emergency? The declaration of a National Energy Emergency underlines President Trump’s aspiration to extend the US’s dominance in global energy markets, and his willingness to use the US’s clout as leverage will... 23rd January 2025 · 17 mins read
Climate Economics Update China green exports end 2024 on a record high China’s exports of the “New Three” ended last year at a new record high as US firms continued to ramp-up imports of Chinese-made batteries. Meanwhile, the backdrop of heightened tariffs and slowing... 20th January 2025 · 2 mins read
US Commercial Property Update Fires in LA highlight rising climate-related risk to CRE While commercial real estate insurance premiums remain elevated, their growth dropped back substantially last year. But as the West and Gulf coasts still face the greatest threat from climate risks... 13th January 2025 · 3 mins read
Climate Economics Update A nuanced take on renewable rollout outperformance On the face of it, the fact that the world is installing more renewable electricity generating capacity than seemed likely just a few years ago is encouraging for the green transition. That said, one... 13th January 2025 · 5 mins read
Climate Economics Update Trump’s word on climate is not the be-all and end-all Whilst Donald Trump is threatening to slam the brakes on the green transition in the US, state-level officials have the tools to continue making progress on the climate front. This Update uses our... 9th January 2025 · 4 mins read
Climate Economics Update Tariff front-running holds up China green tech exports China’s exports of the “New Three” held up in November, although this was solely due to the strength of lithium-ion battery exports to the US as firms prepare for the imposition of tariffs. Looking... 20th December 2024 · 2 mins read
Commodities Outlook Weak market fundamentals; geopolitics the wildcard Most energy and industrial metals prices will fall in 2025 as structural headwinds to demand build and supply rises. Geopolitical developments remain a key uncertainty and it is easy to think of... 13th December 2024 · 23 mins read
Climate Economics Monthly States to defy Trump; COP29 wrap-up; EV crossroads Trump’s election victory means that states will have to take the lead on climate policy to push the green transition forward, as progress on the federal level looks unlikely. Meanwhile, weakness in... 29th November 2024 · 5 mins read
Climate Economics Focus Transition impacts in the spotlight The fact that climate mitigation policies can manifest themselves in a range of macroeconomic outcomes will make it difficult for central bankers to know how to respond appropriately. Meanwhile, the... 27th November 2024 · 15 mins read
Climate Economics Update Insufficient climate finance risks supply hit in EMs The failure of COP29 to deliver on ambitious climate finance targets means that developing economies still lack sufficient low-cost finance for climate adaption. That leaves them reliant on debt-based... 27th November 2024 · 3 mins read
