Drawing on relevant global experience, this paper investigates recent approaches to planned relocation of communities as one possible response to climate change impacts.
This paper aims to estimate the short-run impacts of air travel reductions due to COVID-19, and explores the potential for policy measures to curb demand and reduce carbon dioxide emissions beyond the lifetime of the pandemic with minimal impacts on welfare.
The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase.
This paper investigates the role of multi-stakeholder partnerships (MSPs) in supporting the development of enabling conditions for adaptation to climate change among micro, small and medium enterprises (SMEs) in developing countries, with a focus on Kenya. read more »
The Philippines is highly exposed to natural hazards including typhoons. This report, finding that financial aid tends to be heavily focused on response to hazards rather than preparedness and resilience, investigates why further disaster risk policy intervention may be required at the local level and provides guidance to policymakers. read more »
This paper describes an experiment on a nationally representative sample of UK households that aimed to quantify resistance to smart meter adoption and test for the existence of commonly cited market failures that inhibit the adoption of energy-saving technologies. The authors measured if households would adopt a smart meter without financial compensation and, for those households unwilling to do so, the subsidy level that would be necessary to persuade them. read more »
This paper assesses the effectiveness and interactions of different policies aimed at reducing carbon dioxide emissions, using a macro-financial framework. The research aims to provide central banks and similar institutions with the tools to contribute to climate change mitigation and demonstrates the importance of including these institutions in the push to reduce global emission levels. read more »
Analysing household data from 16 developing countries across Asia and Africa, this paper examines the landscape of access to and sources of financial services. The results shed new light on how insurance uptake could be increased through more tailored and targeted products and services that are designed to meet local needs and requirements in the face of climate and other shocks. read more »
Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. read more »
This paper explores the role of national laws in determining the nature of flood risk management (FRM) and in particular the ability to increase flood resilience in the context of climate change. The authors therefore call for a shift in FRM away from post-event activism towards forward-looking planning through an anticipatory resilience approach. read more »
