• Publication Energy Flawed in almost all its parts – the final CMA report on electricity markets
    July 18, 2016

    The CMA spent roughly 80 years and spent £5 million, identified that the bulk of customers (around 70%) were being charged around £1.4 billion in excess of the “competitive” price, and concluded that it was mostly their own fault for not switching. The £
  • Publication Environment Green Bonds for Natural Capital - some issues
    June 1, 2016

    Green bonds have been proposed as a way to increase funding for improvements in the natural environment in general, and in natural capital in particular. This note identifies some of the core issues in thinking through how they would work in practice.
  • Publication EU Membership 24th June – the day after the referendum on EU membership
    May 11, 2016

    On 24th June we will know one way or the other: either the UK and Europe will be very much as it was on 22nd June; or they will be a state of considerable uncertainty. Though the markets will have to some extent anticipated the outcome, there might ...
  • Video Environment The Natural Capital Approach
    April 19, 2016

    Presentation at the Launch of BBOWT's Strategic Report
  • Publication Energy The future of fossil fuels - is it the end?
    April 15, 2016

    Contrary to the assumptions underlying much of current energy and climate policies, fossil fuels have fallen and may remain at the new “normal” levels. In the medium term, Iran and Iraq have considerable potential to increase their outputs, and the new sh
  • Publication Energy After Hinkley - how to contract for the rest of the nuclear programme
    April 5, 2016

    Whilst a great deal of attention has focussed on the project to build twin European Pressurised Water Reactors (EPR) at Hinkley, less has been paid to what happens next. There are ambitious plans for another twin EPR reactor at Sizewell, and other types o
  • Publication Energy The CMA Energy Market Investigation: Companies 5-0 CMA?
    March 15, 2016

    The Big 6 energy companies have scored a great victory at the CMA, and against considerable odds. Faced with an adverse finding that they have made excess returns of around £1.7 billion per annum for the period 2012- 2015, rising to £2.5 billion in the la
  • Video Energy Fossil Fuels: Is it the end?
    March 5, 2016

    Video Presentation for Warwick Climate Forum
  • Video Environment Utilities & efficient approaches to the environment
    March 3, 2016

    Presentation for WRc Workshop: Shaping the Future
  • Video Environment Mainstreaming Ecosystem Services
    February 23, 2016

    Presentation for UNEP International Workshop
  • Presentation Energy The Price of Oil - in the short and long run
    February 9, 2016

    Presentation slides for International Petroleum Week conference - 9th February 2016.
  • Publication Energy The new normal: oil prices after the crash
    February 9, 2016

    They did not see it coming and ever since the oil price started its precipitous crash from the $100 level, they have been reeling. The “they” includes investors, company directors and the resource-cursed governments. At first, they expected it to be a tem
  • Video Energy The new normal- oil prices after the crash
    February 9, 2016

    They did not see it coming and ever since the oil price started its precipitous crash from the $100 level, they have been reeling. The “they” includes investors, company directors and the resource-cursed governments. At first, they expected it to be a tem
  • Publication Communications The new broadband utility and the openreach debate
    January 26, 2016

    The prime Minister has said that we should have, by right, access to fast broadband and it should be thought of like the services for electricity, water, transport and all the other utilities. He is absolutely right, but the implications of treating broad
  • Video Communications The new broadband utility and the openreach debate
    January 26, 2016

    The prime Minister has said that we should have, by right, access to fast broadband and it should be thought of like the services for electricity, water, transport and all the other utilities. He is absolutely right, but the implications of treating broad
  • Video Environment Natural Capital and National Parks
    January 22, 2016

    Presentation for Presentation for Future funding of Parks – what can the UK learn from others?
  • Publication Communications Price setting in regulated utilities and the potential application to the BBC
    January 19, 2016

    The determination of the BBC’s licence fee is the outcome of an opaque and non-transparent process, which contrasts dramatically with that which applies in the case of the regulated utilities. 2. In all the main privatisations from 1984 onwards, the utili
  • Publication Water Flood defence: time for a radical rethink
    January 5, 2016

    Flooding crises tend to follow an established pattern. First, there is immediate help and assistance. Then second, there is a “review”. On occasions, this leads to a third stage of genuine reform, but in most cases “sticking plasters” are applied. These a
  • Video Environment Natural Capital: Valuing the Planet
    October 23, 2015

    Presentation for London School of Economics and Political Science
  • Publication Energy Stranded Assets - a deceptively simple and flawed idea
    October 22, 2015

    The stranded assets argument has an elegant simplicity. Start with a maximum of 2 degrees warming. Work backwards to the total amount of additional carbon dioxide that can be emitted, consistent with this constraint. Compare this with the booked reserves
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