• Presentation Regulation Regulatory reform, capture and the regulatory burden
    November 24, 2008

    DTI/BRE Conference - Evaluation of Regulation
  • Publication Climate Change Climate-change policy: why has so little been achieved?
    November 1, 2008

    While the scientific evidence for climate change grows, the policy responses have so far had little or no impact on the build-up of emissions. Current trends in emissions are adverse. The paper considers why the disconnect between science and policy exist
  • Presentation Climate Change Climate-change policy: a tangled web?
    October 29, 2008

    The Beesley Lectures on Regulation, Series XVIII 2008, October 30th 2008
  • Presentation Climate Change Climate change, European Energy Policy and the Copenhagen Summit: Time for Realism?
    October 29, 2008

    Smith School Presentation, October 2008
  • Publication Regulation Special administration, financing functions and utility regulation
    October 23, 2008

    Recent events have sharpened interest in the question of what happens when key businesses get into difficulty. In the banking sector, governments and regulators have had to make it up as they go along. The lack of preparation for failure has been...
  • Publication Europe Caps and Floors for the EU ETS: a practical carbon price
    October 13, 2008

    Central to any efficient climate change policy, and to the EU’s approach, is the establishment of a credible, long-term carbon price. The EU has chosen to achieve this via the indirect route of the EU Emissions Trading Scheme (EU ETS), rather than by sett
  • Publication Climate Change OXREP Climate Change Special Issue
    September 1, 2008

    Special issue of the Oxford Review of Economic Policy
  • Presentation Environment Why conserve nature?
    June 11, 2008

    BBOWT Annual Directors' conference presentation June 11th 2008
  • Publication Infrastructure Meeting the infrastructure challenge
    May 30, 2008

    Infrastructure matters in a way that most investments do not: it is complementary to the rest of the economy; and competitiveness depends upon it. This article examines the scale of the infrastructure challenge and the roles of governments and the privat
  • Publication Water A new regulatory model for water: the periodic review, financial regulation and competition
    May 6, 2008

    Water regulation has been a rollercoaster ride for both the companies and the regulators.
  • Publication Environment Pros and Cons
    May 1, 2008

    Article for Green Alliance magazine. The environment is conventionally regarded as a public good...
  • Publication Infrastructure Utility regulation and critical national infrastructure
    April 15, 2008

    Paper in a publication released to coincide with the RUSI conference on Protecting the Critical National Infrastructure
  • Publication Europe Energy Security without the North sea - time to think European
    March 1, 2008

    Security of supply - along with climate change - has taken centre stage in energy policy debates...
  • Publication Communications The future of the BBC
    February 28, 2008

    BBC Trust seminar on the economic impact of the BBC
  • Publication Regulation Tradeable RABs and the split cost of capital
    January 2, 2008

    Whilst regulators have resisted the concept of the split cost of capital, financial markets have been applying its logic with enthusiasm. The recent takeover of Norweb with a reported 45% premium to the regulated capital value (RCV) takes the...
  • Publication Climate Change Too Good To Be True? The UK's Climate Change Record
    December 10, 2007

    At first glance Britain has one of the best records in Europe on climate change; greenhouse gas emissions fell in the 1990s and it has already surpassed its 2012 Kyoto target. This paper examines whether the claimed superiority of Britain's approach is so
  • Publication Infrastructure It's not over yet: the implications of the credit crunch
    October 29, 2007

    2007 will go down in economic history as a roller-coaster – it’s not often that we see a global credit crunch which requires over half a trillion dollars to stabilise, and a run on a major London bank. The former occurs roughly every quarter of a century,
  • Publication Europe The Russian dimension and Europe's external energy policy
    September 3, 2007

    A striking feature of Europe's energy mix is its growing dependency on imported gas, and in particular its dependency on Russia as a source of supply. For some, this trend poses few new and special difficulties... For others, oil dependency is not quite s
  • Publication Regulation Real Interest and the Return to Normalcy
    July 25, 2007

    What drives markets in the end are fundamentals, and few variables are as important as the real interest rate—the return, after inflation, on relatively risk-less assets. It determines one part of the return on savings, and it feeds through into the relat
  • Publication Energy A Browner shade of green: energy and environment after Blair
    July 9, 2007

    The handover from Blair to Brown has been a long drawn-out process, and now it has finally happened and a new Cabinet and ministers have been appointed, the policy questions return. How green is Brown? How will the recent White Papers on energy planning,
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