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

Climate Economics Focus

Forecasting near-term moves in the carbon price

This final report of a three-part mini-series establishes a framework for assessing the outlook for the EU carbon price. It takes an in-depth look at the various factors that typically drive the EU...

22nd February 2024 · 7 mins read

Climate Economics Focus

Modelling market fundamentals and price dynamics

This second report of a three-part mini-series establishes a framework for assessing the outlook for the EU carbon price. It sets out our approach for modelling the fundamental price of an EU carbon...

22nd February 2024 · 10 mins read

Climate Economics Focus

A primer on the EU’s emissions trading scheme

This first report of a three-part mini-series explains what an emissions trading scheme (ETS) is and how the ETS has evolved since its introduction in 2005. It then explores how reforms to the ETS...

22nd February 2024 · 13 mins read

Climate Economics Monthly

Polluter-pays principle to become more mainstream

Amid a flurry of news and action in carbon markets in recent months, this note examines the details and implications of developments around the world.

31st January 2024 · 5 mins read

Climate Economics Update

Weak demand to keep lid on EU carbon price in 2024

The downward trend in the EU carbon price since early 2023 has been driven by lower demand for pollution permits on the back of industrial weakness and growth in cleaner energy sources. With energy...

17th January 2024 · 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

Energy Focus

Lessons from the EU’s carbon permit market

This year, the EU announced reforms to its Emissions Trading Scheme (ETS) which, if introduced, would boost the price of each carbon permit and ultimately help the bloc to rapidly reduce its...

10th November 2021 · 14 mins read