Climate Economics Update

One US deficit that won’t worry Trump

President-elect Trump’s distaste for trade deficits surely does not extend to worrying about the US’s large-scale import of carbon emissions through trade flows. The global imbalance between importers...

14th November 2024 · 3 mins read

Climate Economics Update

Trump-shaped shadow looms large over COP29

COP29 – which is set to kick off in Baku next week – has been dubbed the ‘finance COP’ given that the top priority for negotiators will be to agree on a new climate finance pledge. However, Trump’s...

7th November 2024 · 3 mins read

Canada Economics Focus

What comes after the carbon tax is axed?

With the Conservatives currently on track to win a clear majority at the next federal election, which is due by October 2025 but could come much earlier, there is a high chance that the carbon tax...

28th October 2024 · 14 mins read

Climate Economics Update

Notes from LSE Environment Week

Ahead of COP29 in November, discussions have been taking place at events in London and New York this week on all things climate. We attended the LSE’s Environment Week to hear the thoughts of...

26th September 2024 · 3 mins read

Commodities Outlook

Soft demand + extra supply ⇒ lower prices

We expect most commodity prices to fall next year and our forecasts are generally below consensus. The biggest upside risk to our energy price forecasts stems from the potential for an escalation in...

24th September 2024 · 24 mins read

Climate Economics Update

EU carbon price has further to fall

The ~10% fall in EU carbon prices since the end of May has mirrored a similar-sized fall in European natural gas prices, and we forecast both to fall by a further 25-30% by year-end. That said, the...

17th July 2024 · 2 mins read

Climate Economics Monthly

Key highlights from June

This Monthly looks at some of the key climate-related developments in June, including the narrowing wedge between the EU and UK carbon prices, and what Nobel Prize-winning climate scientist Claudia...

28th June 2024 · 4 mins read

Commodities Outlook

Commodity prices to fall back

We forecast most commodities prices to fall next year – despite falling interest rates and faster global GDP growth – as numerous supply constraints ease and a crunch in Chinese construction begins to...

27th June 2024 · 21 mins read

Climate Economics Monthly

Key highlights from May

This Monthly looks at some of the key highlights from the Climate Economics service in May, including our coverage of US tariffs on Chinese-made green technology and recent price movements in the EU...

31st May 2024 · 3 mins read

Commodities Weekly

EU gas and carbon price rallies are on borrowed time

The 12% rise in European natural gas prices this week bucked the trend of sharp falls in oil and precious metal prices. Nonetheless, with European gas demand set to stay subdued, and copious supplies...

24th May 2024 · 5 mins read

Climate Economics Update

What to make of the surge in China’s carbon price?

The sharp rise in the price of carbon under China’s Emission Trading Scheme (ETS) this year, to a record high, underlines that Beijing sees carbon pricing as a key part of its emissions-reduction...

7th May 2024 · 3 mins read

Green Transition Chart Pack

Green Transition Chart Pack (Apr. 2024)

Recent increases in natural gas prices in Europe have predictably been mirrored in the EU carbon price, which has risen from a 31-month low of €52 per tonne in February to €71 at the time of writing...

18th April 2024 · 1 min read

Climate Economics Monthly

Five highlights from March

This Monthly looks at five highlights from the Climate Economics service in March, including the launches of our New Three Export Indices and our second annual Climate Economics Outlook.

28th March 2024 · 5 mins read

Climate Economics Outlook

Updating our emissions forecasting framework

This second edition of our annual Climate Economics Outlook updates our long-term emissions forecasting framework to incorporate our latest macroeconomic and energy views. Note: You can create your...

26th March 2024 · 14 mins read

Energy Update

Carbon price not out of the woods yet

This Update marks the launch of our EU carbon price forecasts and coverage, including an in-depth mini-series on key market and price dynamics, and an accompanying dashboard to track market drivers...

22nd February 2024 · 0 mins read