News from the Grantham Research Institute, LSE – June 2019

Jay Owen Reforming Global Finance, Beyond GDP, Latest Headlines

June 2019This month’s update features a response by Dimitri Zenghelis to Chancellor Philip Hammond’s recent statement of the cost of a net-zero transition. There’s a focus on carbon pricing with our recently launched publication on UK carbon pricing and a commentary on the case for a stronger carbon price in Germany. We also have a reflection on the debate between so call “degrowthers” and proponents of green growth.
  News and comment   

Why the Chancellor’s statement on the cost of a net-zero transition in the UK could imperil the country’s climate ambitions
Dimitri Zenghelis explains why the British Chancellor’s assertion that a net-zero economy in the UK will cost more than £1 trillion by 2050 is simply wrong. He argues that ambitious and early action, targeting net-zero emissions by mid-century, is the surest way to secure a thriving, productive and competitive UK economy in a low-carbon future.
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Why Germany should introduce an ambitious carbon price
Simon Dietz, Tobias Kruse, Isabella Neuweg and Lutz Sager argue that Germany should set out a clear plan for a stronger carbon price as an effective route for reducing greenhouse gas emissions that can also improve the circumstances of lower-income households.
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New funding for local climate change projects announced
Funding of up to £75,000 to support local climate action in the UK has been announced by the Place-Based Climate Action Network (PCAN). Proposals are invited for the first round of the PCAN Fund, backed by the Economic and Social Research Council (ESRC), which will support up to six projects worth £5,000 – £35,000 each, out of a total of £75,000.
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Green growth or no growth?
Alex Bowen contends that policymakers should react to the climate emergency by adopting the new ‘green growth’ paradigm, changing the nature of economic growth by moving the emphasis away from resource exploitation and towards the generation and use of ideas.
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The ‘Climate Spring’ of 2019: what it means for finance
Nick Robins explores what the recent upsurge in commitment to a net-zero economy could mean for Europe’s financial system. Read more