Category Archives: News

A short video has been made by Oxford University Press about Kamiar Mohaddes’ recent work on the economics of climate change.

The video has been posted on Facebook and has had over 400 000 views – it can be viewed here

Prevailing economic research anticipates the burden of climate change falling on hot or poor nations. Some predict that cooler or wealthier economies will be unaffected or even see benefits from higher temperatures!

However, by studying the long-term impact of climate change using data on the most advanced economy in the world, we show that virtually all countries – whether rich or poor, hot or cold – and across all sectors – from agriculture to mining, and from retail trade to manufacturing – will suffer economically if the current trajectory of carbon emissions is maintained.

The paper can be viewed here

Bi-Weekly Energy & Environment (E&E) Seminars

The EPRG Energy & Environment (E&E) Seminar Series is a bi-weekly presentation relating to economic, social, and technological issues within the energy academic and industrial sectors.  Our bi-weekly Energy and Environment Seminars give our research team the opportunity for constructive feedback on their current work and promote multidisciplinary dialogue on issues of relevance to our… Continue Reading

EPRG, CEEPR & CERRE  European Energy Policy Conference Brussels, 7-8 September 2023

EPRG is pleased to announce our successful 2023 EPRG, CEEPR & CERRE European Energy Policy Conference. This year, the conference was held in strategic partnership with RWE. It took place at Sparks Building, Rue Ravenstein 60, in Brussels, Belgium, on 7 – 8 September 2023 and comprised of 1.5 days of sessions and dinner. PROGRAMME Thursday 7 September Welcome  Bruno Liebhaberg (CERRE),… Continue Reading

Kamiar Mohaddes’ co-authored article “Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness” just published in Management Science, has recently been covered in  the FT, Bloomberg and Reuters.

Many argue that climate-related risks will only materialise many decades from now, but using AI to construct climate smart sovereign credit ratings we show climate-driven downgrades within this decade. The FT press coverage can be viewed here The Bloomberg press coverage can be viewed here The Reuters press coverage can be viewed here The original… Continue Reading

Kamiar Mohaddes’ co-authored article “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis” was recently covered in the FT (in their Special Report Business School Insights)

Prevailing economic research anticipates the burden of climate change falling on hot or poor nations. Some predict that cooler or wealthier economies will be unaffected or even see benefits from higher temperatures. However, our study shows that virtually all countries – whether rich or poor, hot or cold – will suffer economically if the current… Continue Reading

EPRG is pleased to announce our successful 2023 Spring Seminar in partnership with Compass Lexecon, “Energy policy: From crisis to net zero”. On May 4, 2023, EPRG hosted delegates to a dinner at Robinson College, and on May 5, 2023, at Robinson College for a full-day seminar. The first day concluded with a keynote speech given by Lucia Reisch (El-Erian Institute, Cambridge Judge Business School, Can we nudge to net zero?”.

PROGRAMME 4 MAY 2023 Lucia Reisch (El-Erian Institute, Cambridge Judge Business School) gave a keynote speech: “Can we nudge to net zero?” 5 MAY 2023 SESSION 1—ELECTRICITY MARKET DESIGN IN GREAT BRITAIN Chair: Michael Pollitt (EPRG) Jason Mann (FTI Consulting) Kayte O’Neill (National Grid ESO) SESSION 2—THE FUTURE OF HYDROGEN Chair: Sahil Agarwal (FTI Consulting)… Continue Reading

Podcast by Dr Kamiar Mohaddes & Economic Times about the economic effects of ElNiño for India, the rest of the Asia-Pacific, the United States & the global economy (regarding economic growth & inflation).

Dr Kamiar Mohaddes talked to the podcast of Economic Times about the economic effects of El Niño for India, the rest of the Asia Pacific, the United States and the global economy regarding economic growth and inflation. This is based on his work with various colleagues (including from the International Monetary Fund), such as The Growth Effects… Continue Reading

Journal Article “From theory to practice: determining emissions in traded goods under a border carbon adjustment”, Oxford Review of Economic Policy, Volume 39,

Robert Ritz (EPRG) and Michael Mehling (MIT CEEPR) have published a new paper “From theory to practice: determining emissions in traded goods under a border carbon adjustment ” in the Oxford Review of Economic Policy. Continue Reading

Report “Social media enables people-centric climate action in the hard-to-decarbonise building sector” by R. Debnath, K. Mohaddes et al

Ramit Debnath, Ronita Bardhan, Darshil U. Shah, Kamiar Mohaddes, Michael H. Ramage, R. Michael Alvarez, and  Benjamin K. Sovacool co-authored a report “Social media enables people-centric climate action in the hard-to-decarbonise building sector” for Nature Scientific Reports that was published on 17 November 2022. You can read the report here  Continue Reading

2022 EPRG Winter Seminar

EPRG is pleased to announce our successful 2022 Winter Seminar. On December 8, 2022, EPRG hosted delegates to a dinner at Sidney Sussex College, and on December 9, 2022, at Homerton College for a full-day seminar. The first day concluded with a keynote speech given by Cass Sunstein (Harvard University & Harvard Law School). PROGRAMME… Continue Reading

The Energy Policy Research Group recently provided two timely new contributions on the future of electricity policy in response to a major government consultation on the subject.  In July 2022, the UK Department for Business, Energy, and Industrial Strategy (BEIS) released its Review of Electricity Market Arrangements (REMA), which BEIS described as the ‘biggest electricity market reform in a generation’ and submissions were due on 10 October 2022.

Prof David Newbery, Prof Michael Pollitt, Prof David Reiner and Dr Robert Ritz submitted a response to the REMA Consultation Document Questions going through each of the chapters in detail. Prof David Newbery, EPRG’s director wrote a commentary on the future of UK electricity policy in response to REMA. Continue Reading