This paper aims, first, to estimate the short-run behavioural, social and environmental impacts of air travel reductions due to COVID-19, and, second, to explore the potential for different policy measures to curb demand and reduce carbon dioxide emissions beyond the lifetime of the pandemic with minimal impacts on welfare.

As the world grapples with the Coronavirus crisis, urgent action is required from all parts of the financial system, not just in the immediate health and economic emergency, but in the recovery that follows.

International carbon offsetting can help reduce compliance costs in emissions trading schemes and at the same time support carbon mitigation projects in developing countries.

This paper shows empirical evidence on the economic effects of long-term climate change in Early Modern Europe during a 250-year period (1500-1750) of the Little Ice Age. It estimates the economic impact of climate change by factoring in the potentially mitigating effects of adaptation.

This working paper aims to inform the development community about the current state-of-knowledge and emerging thinking on the economics of adaptation and the application to development.

Domestic economic gains from action to tackle climate change include improved air quality, increased energy efficiency, and clean technology innovation ‘spillovers’ says this paper released today by the Grantham Research Institute on Climate Change and London School of Economics

Gridlock in the multilateral climate negotiations has created growing scholarly and practical interest in the use of minilateral forums.

What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman's result [Prices vs.

This paper seeks to contribute to a re-framing of the debate on the equitability and ambition of actions to address climate change. It examines a sample of seven ‘burden-sharing’ approaches to setting mitigation targets which have been proposed during discussions about a new international agreement on climate change.

The purpose of this paper is twofold: (i) to provide a theoretical framework for analysing international climate policy architectures and their effectiveness, covering