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Pricing carbon to mitigate climate change

Summary of the impact

This case study highlights the impact of LSE research on national and international carbon pricing policy. This includes a fundamental change in the way the UK government sets a carbon price for policy and project appraisal, and its approach to carbon trading in Europe. LSE work has also had impact beyond the UK, in particular on legislating — for the first time — policies to price carbon in strategically important countries across the world, including Australia, China, Mexico and South Korea.

Submitting Institution

London School of Economics & Political Science

Unit of Assessment

Geography, Environmental Studies and Archaeology

Summary Impact Type

Environmental

Research Subject Area(s)

Economics: Economic Theory, Applied Economics

Informing EU negotiations at the 2011 UN Climate Change Conference of the Parties in Durban, South Africa

Summary of the impact

A comparative methodology to assess the impact of climate change in different countries, implemented by Gosling for a report commissioned by the UK Department of Energy and Climate Change (DECC), informed EU negotiations at the 2011 UN climate change conference in Durban, South Africa. The conference concluded with the Durban Platform for Enhanced Action - a `road map' by which global legal agreement on climate change is to be implemented no later than 2015. For the first time, government ministers and their advisers attending an international conference were able to compare the impact of climate change in different countries, including those where scientific institutions have limited research capacity.

Submitting Institution

University of Nottingham

Unit of Assessment

Geography, Environmental Studies and Archaeology

Summary Impact Type

Environmental

Research Subject Area(s)

Earth Sciences: Atmospheric Sciences

PUBLIC ENGAGEMENT AND POLICY FORMATION RELATED TO CLIMATE CHANGE MITIGATION BY INDIVIDUALS

Summary of the impact

Impacts: I) Enhanced public engagement with, and understanding of, climate mitigation by individuals, delivered through two successful popular science publications and sustained bodies of media and outreach work. II) Public policy formation related to climate change mitigation.

Significance and reach: Impacts of the popular science books include >5,500 sales of a children's book (2009 - 2011) and documented household-level behaviour changes in energy usage. The European Commission issued new directives on energy saving appliances in December 2008.

Underpinned by: Research into the role of individuals in climate change mitigation, undertaken at the University of Edinburgh (2001 onwards).

Submitting Institution

University of Edinburgh

Unit of Assessment

Earth Systems and Environmental Sciences

Summary Impact Type

Societal

Research Subject Area(s)

Built Environment and Design: Other Built Environment and Design
Economics: Applied Economics

Hope 10 Oct 2013

Summary of the impact

Hope's research in developing the PAGE2002 model of climate change has been used extensively by government agencies in the UK and US, as well as the IMF and the international community in order to improve their calculations for global carbon emissions and setting carbon emissions targets. The model was used in the UK government's Eliasch Review, in order to calculate the costs and benefits of actions to reduce global deforestation; by the US Environmental Protection Agency, in order to calculate the marginal impact of one tonne of CO2 emissions; and the IMF, whose calculations using the PAGE2002 model form the basis for their guidance on carbon pricing.

Submitting Institution

University of Cambridge

Unit of Assessment

Business and Management Studies

Summary Impact Type

Environmental

Research Subject Area(s)

Economics: Applied Economics

Estimating the ‘social cost of carbon’ to reduce US emissions and improve energy efficiency

Summary of the impact

The US government's announcement of an increase in the `social cost of carbon' (SCC) from $24 to $38 a tonne has been made on the basis of research by Richard Tol, of the University of Sussex. Regulation based on the new SCC (a measure of the damage of releasing an additional tonne of carbon into the atmosphere) initially applies to microwave ovens, where it is anticipated to save US consumers billions on their energy bills over coming decades and prevent 38 million tonnes of CO2 emissions. From June 2013, the new SCC applies to any new or revised regulation by any branch of the US government and will eventually affect a wide range of products and investments, including cars, white goods and power plants.

Tol, who works as an adviser to the US Environmental Protection Agency (EPA), has been instrumental in helping the agency to understand the economic impacts of climate change and the methods and assumptions that underpin SCC estimates. The US government's estimates of the SCC are widely used by other decision-makers in the private sector, banks and NGOs and in other countries.

Submitting Institution

University of Sussex

Unit of Assessment

Economics and Econometrics

Summary Impact Type

Environmental

Research Subject Area(s)

Environmental Sciences: Environmental Science and Management
Economics: Applied Economics, Econometrics

UOA09-07: Cumulative carbon emissions targets for climate policy

Summary of the impact

Results from climate physics research at the University of Oxford have demonstrated that targets for cumulative carbon emissions, rather than greenhouse gas concentrations, are a more effective approach to limiting future climate change. This new approach and the resulting `trillionth tonne' concept have had substantial political and economic implications. Impacts since 2009 include (a) stimulus to policy developments; (b) influence on the business decisions of Shell e.g. to invest in a $1.35bn carbon capture and storage facility; and (c) significant public and media debate with a global reach.

Submitting Institution

University of Oxford

Unit of Assessment

Physics

Summary Impact Type

Environmental

Research Subject Area(s)

Earth Sciences: Oceanography
Biological Sciences: Ecology
Economics: Applied Economics

Resources & environmental loading: assessing risks and opportunities for the finance sector

Summary of the impact

The research has had significant impact on the design and implementation of public-private partnerships at the international level (theme 1). It has led to new professional groups within the finance sector (theme 2). In particular research has directly influenced the investments of the International Climate Fund (£2.9 billion) set up by the UK Government; the Little Rock Accord signed in December 2012, with the Club de Madrid group of former world leaders; credit rating analysis of energy and water utilities by Standard & Poor's; and a new Board in the UK Institute and Faculty of Actuaries. Collectively these groups influence substantial capital flows into climate and resource solutions globally.

Submitting Institution

Anglia Ruskin University

Unit of Assessment

Geography, Environmental Studies and Archaeology

Summary Impact Type

Economic

Research Subject Area(s)

Economics: Applied Economics
Commerce, Management, Tourism and Services: Banking, Finance and Investment

Introducing an Ethical Perspective into Deliberation About Climate Change

Summary of the impact

Professor John Broome's research on the ethics of climate change and on our associated responsibility to future generations has had a significant impact on those involved in policy decisions concerning climate change. Most notably, Professor Broome is serving as Lead Author for Working Group III of the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (the IPCC), which is a unit of the United Nations and the leading international body for the assessment of climate change: its work is directed by, and approved by, governments. He is also a member of the IPCC's Synthesis Report. In addition, he has raised public awareness of the ethical issues with which he has grappled through a series of publications and lectures.

Submitting Institution

University of Oxford

Unit of Assessment

Philosophy

Summary Impact Type

Environmental

Research Subject Area(s)

Economics: Applied Economics
Philosophy and Religious Studies: Philosophy

The Impact of MMU Research on Technical Climate Policy in the Aviation and Maritime Sectors.

Summary of the impact

This case study describes the impacts of the work undertaken at Manchester Metropolitan University's (MMU) Centre for Aviation, Transport, and the Environment (CATE), on international and national policy and legislation for reducing CO2 emissions from aviation and shipping. The research has provided a robust technical basis for emissions reductions of CO2 from aviation and the maritime sectors. It has influenced international and national policy development of the International Civil Aviation Organization through their Committee on Aviation Environmental Protection (ICAO-CAEP), the International Maritime Organization (IMO), the European Commission (EC), and the UK Committee on Climate Change (UKCCC). Greenhouse gas emission reductions have been pledged under the United Nations Framework Convention on Climate Change's (UNFCCC) Conference of Parties (COP) as a result of the United Nations Environment Program's (UNEP) influential report "Bridging the Emissions Gap", in which a chapter on aviation and shipping was led by CATE staff ([1], sec.3, numerical references to the research).

Submitting Institution

Manchester Metropolitan University

Unit of Assessment

Earth Systems and Environmental Sciences

Summary Impact Type

Political

Research Subject Area(s)

Economics: Applied Economics, Econometrics

Amazon Rainforest and Climate Change

Summary of the impact

Research at the University of Exeter on the links between the Amazon rainforest and climate change has influenced international climate policy, has directly assisted Brazilian environmental policymakers, and has received international media coverage. The underpinning research spans the vulnerability of the rainforest to anthropogenic climate change and the mechanisms behind the Amazonian droughts of 2005 and 2010. Impact has been achieved by stimulating public debate through the media, by contribution to science-into-policy documents produced by the World Bank and for the United Nations Framework Convention on Climate Change (UNFCCC), and by direct face-to-face interaction with UK and Brazilian policymakers.

Submitting Institution

University of Exeter

Unit of Assessment

Earth Systems and Environmental Sciences

Summary Impact Type

Environmental

Research Subject Area(s)

Earth Sciences: Oceanography
Biological Sciences: Ecology, Other Biological Sciences

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