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.
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 ...
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
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
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
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
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
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
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
PublicationTransportHS2: a conclusion in search of a rationale September 5, 2019
What is the question or questions to which HS2 is supposed to be an answer? As with a number of big and long-term projects, as one rationale...
Recent Publications
Whatever the approximate causes of the particular power cuts in mid-August this year, the ...
The costs of renewables are falling, oil and gas prices have fallen back, and demand is so...
The Hitachi decision has been a long time coming and is not at all surprising. It comes at...