Climate Economics Update Approaching peak-pessimism for clean energy equities The underperformance of wind and solar equities since early 2021 has largely been driven by higher interest rates, which disproportionately affect the cost of renewables projects. But while the days... 2nd November 2023 · 3 mins read
Climate Economics Monthly Tusk tasked with decarbonising Poland; IEA optimism Donald Tusk and his pro-EU coalition are making the right noises about phasing out coal usage in Poland, although it remains to be seen how his plans will survive contact with politically powerful... 31st October 2023 · 6 mins read
Green Transition Chart Pack Green Transition Chart Pack (Oct. 2023) Our Green Transition Chart Pack has been updated with the latest data and our analysis of recent developments. 2023 is on track to be the warmest year on record, but somewhat ominously the headwinds... 19th October 2023 · 1 min read
Europe Commercial Property Update Evaluating energy transition risk to European offices Anticipation of legislation requiring minimum standards of energy efficiency is already impacting CRE values as investors price in transition risk and this pressure is likely to ramp up in the coming... 19th October 2023 · 4 mins read
Climate Economics Update How green is AI? All else equal, our view that the AI revolution will lead to faster productivity growth in the late-2020s and early 2030s implies that greenhouse gas emissions will be higher during this period than... 16th October 2023 · 5 mins read
Industrial Metals Update Cobalt prices to drift lower through 2024 Cobalt is likely to keep its position as a leading battery metal for years to come, but its high cost compared to alternative metals means that cobalt demand won’t grow as fast as overall battery... 13th October 2023 · 4 mins read
Climate Economics Update CBAM wouldn’t affect UK industries equally Becoming liable for the EU’s carbon border adjustment mechanism (CBAM) would nullify any cost-reduction benefit from a lower carbon price for UK companies that trade closely with the EU. That said... 6th October 2023 · 3 mins read
Chief Economist's Note It’s all connected – why investors can’t ignore the global economy’s megatrends Last week we published ‘AI, Economies and Markets’, our in-depth report on the economic and market implications of artificial intelligence. The report and accompanying data painted a positive picture... 2nd October 2023
Climate Economics Monthly UK “green jobs”; lessons from COP28 warm-up acts We were hoping that the recent publication of an experimental dataset on the number of “green jobs” in the UK by the Office for National Statistics would be a welcome distraction from the politics of... 29th September 2023 · 6 mins read
Climate Economics Update Taking stock of green investment needs Investment in the green transition is unlikely to rise quickly enough this decade to help achieve net zero by 2050. But a greater focus on areas including renewables and electric vehicles will still... 25th September 2023 · 3 mins read
Climate Economics Update Rishi Sunak draws his UK climate battle lines The news that UK Prime Minster Sunak is set to further dilute the government’s climate policies demonstrates that when the political going gets tough, climate policies are the first to fall by the... 20th September 2023 · 4 mins read
Climate Economics Update Quenching global demand for water will add to costs Supplies of freshwater are likely to become scarcer over time as the world heats up and precipitation patterns change. While investment into infrastructure and boosting desalination capacity can help... 18th September 2023 · 4 mins read
Climate Economics Update Fiscal frugality collides with rising renewable costs The UK government’s failure to award any new offshore wind-power contracts in its latest procurement round ultimately stems from bean-counting stinginess and is nothing that a lot of extra government... 8th September 2023 · 4 mins read
UK Commercial Property Update Who pays for greener buildings? The UK government’s decision to block Marks and Spencer’s (M&S’) re-development of its flagship store highlights the challenges in the transition to net zero. In particular, while authorities are... 7th September 2023 · 3 mins read
Climate Economics Update Onshore wind policy U-turn doesn’t blow us away The relaxing of planning rules governing new onshore wind installations in England marks a shift away from the de facto ban that was put in place in 2015. But raising the bar for objections to land... 6th September 2023 · 5 mins read
Climate Economics Monthly UK government scores a climate own goal While the Women’s World Cup ultimately ended in disappointment for English supporters, it’s somewhat fitting that climate policy is increasingly being made into a political football. The failure in... 31st August 2023 · 6 mins read
