Co-Director, Grantham Research
Institute on Climate Change and the Environment
Senior Lecturer in
Environmental Policy, Dept. of Geography and Environment
You can download pre-publication versions of most
of my papers here, or follow the link to the journal
to read the published version. Alternatively,
e-mail me.
New working papers
"Tall tales and fat tails: the science and economics of extreme
warming" (with Raphael Calel and David Stainforth), 2013 (download)
"Ambiguity and insurance: robust capital requirements and premiums"
(with Oliver Walker), Centre for Climate
Change Economics and Policy Working Paper 115, Munich Re Programme
Technical Paper 16, and Grantham Research Institute on Climate
Change and the Environment Working Paper 97, 2012 (download)
"Domestic politics and the formation of international environmental
agreements" (with Carmen Marchiori and Alessandro Tavoni),
Centre for Climate Change Economics and Policy
Working Paper 100 and Grantham Research Institute on Climate Change
and the Environment Working Paper 87, 2012 (download)
"Adaptation to climate change and economic growth
in developing countries" (with Antony Millner), Centre for Climate Change Economics and Policy
Working Paper 69 and Grantham Research Institute on Climate Change
and the Environment Working Paper 60, 2011 (download)
"A representation result for choice under
conscious unawareness" (with Oliver Walker), Centre for Climate Change Economics and Policy
Working Paper 68, Munich Re Programme Technical Paper 10, and Grantham Research Institute on Climate Change
and the Environment Working Paper 59, 2011 (download)
"On non-marginal cost-benefit analysis" (with
Cameron Hepburn), Centre for Climate Change Economics and Policy
Working Paper 20 and Grantham Research Institute on Climate Change
and the Environment Working Paper 18, 2010 (download)
Books
The Political Economy of the Environment: an
Interdisciplinary Approach (co-edited with Jonathan Michie and
Christine Oughton), Abingdon: Routledge, 2011 (link
to publisher's page)
Handbook of Sustainable Development
(co-edited with Giles Atkinson and Eric Neumayer), Cheltenham:
Edward Elgar, 2007 (link
to publisher's page)
second edition in preparation
Journal articles
"Scientific ambiguity and climate policy" (with
Antony Millner and Geoffrey Heal), Environmental and Resource
Economics, 55(1), 21-46, 2013 (link
to journal)
"Vulnerability to weather disasters: the choice of coping strategies
in rural Uganda" (with Jennifer Helgeson and Stefan Hochrainer-Stigler),
Ecology and Society,
18(2), 2, 2013 (download)
"The treatment of risk and uncertainty in the US
social cost of carbon for regulatory impact analysis", Economics, 6, paper no. 2012-18, 2012 (download)
"Climate policy under sustainable discounted
utilitarianism" (with Geir Asheim), Journal of Environmental
Economics and Management, 63(3), 321-335, 2012 (download)
(link to
journal)
"High impact, low probability? An empirical
analysis of risk in the economics of climate change", Climatic
Change, 103(3), 519-541, 2011(download)
(link
to journal)
"Strategic appraisal of environmental risks: a
contrast between the UK's Stern Review on the Economics of Climate
Change and its Committee on Radioactive Waste Management" (with Alec
Morton), Risk Analysis, 31(1), 129-142, 2011(download)
(link
to journal)
"The equity-efficiency trade-off in environmental
policy: evidence from stated preferences" (with Giles Atkinson), Land Economics,
86(3), 423-443, 2010(download)
(link to
journal)
reprinted in Kenneth G. Willis and Guy Garrod (eds.) Valuing
Environment and Natural Resources, Cheltenham: Edward Elgar,
2012 (link
to publisher's page)
"Environmental prices, uncertainty and learning"
(with Sam Fankhauser), Oxford Review of Economic Policy,
26(2), 270-284, 2010 (download)
(link to journal)
"New frontiers in the economics of climate
change" (with David J. Maddison), Environmental and Resource
Economics, 43(3), 295-306, 2009(download)
(link
to journal)
"Siblings, not triplets: social preferences
for risk, inequality and time in discounting climate change"
(with Giles Atkinson, Jennifer Helgeson, Cameron
Hepburn and Hakon Saelen), Economics, 3,
paper no. 2009-26, 2009 (download)
"On the timing of greenhouse gas emissions
reductions: a final rejoinder to the symposium on "The Economics
of Climate Change: The Stern Review and its Critics"" (with
Nicholas Stern), Review of Environmental Economics and Policy,
3(1), 138-140, 2009 (download)
(link to journal)
"Why economic analysis supports strong action on
climate change: a response to the Stern Review's critics" (with
Nicholas Stern), Review of Environmental Economics and Policy
2(1): 94-113, 2008(download)
(link to journal)
"Right for the right reasons: a
final rejoinder on the Stern Review" (with Dennis Anderson, Nicholas
Stern, Chris Taylor and Dimitri Zenghelis), World Economics8(2): 229-258, 2007 (download)
(link to journal)
"Some economics of 'dangerous'
climate change: reflections on the Stern Review" (with Chris Hope
and Nicola Patmore), Global Environmental Change17(3-4):
311-325, 2007 (download)
(link
to journal)
"The impacts of climate change: perspectives from the Stern
Review", TheBrown Journal of World Affairs 13(2): 173-184, 2007 (download) (link
to journal)
"Reflections on the Stern Review
(1): a robust case for strong action to reduce the risks of climate
change" (with Chris Hope, Nicholas Stern and Dimitri Zenghelis), World Economics8(1): 121-168,
2007 (download)
(link to journal)
"Corruption,
the resource curse and genuine saving" (with Eric Neumayer and Indra
de Soysa, Environment and
Development Economics 12(1): 33-53,2007 (download)
(link
to journal)
"Weak
and strong sustainability in the SEEA: concepts and measurement"
(with Eric Neumayer),
Ecological Economics
61(4): 617-626, 2007 (download)
(link
to journal)
"Public
perceptions of equity in environmental policy: traffic emissions
policy in an English urban area" (with Giles Atkinson),
Local Environment10(4):
445-459, 2005 (download)
(link
to journal)
"Genuine
savings: a critical analysis of its policy-guiding value" (with Eric
Neumayer), International Journal of Environment and Sustainable
Development3(3/4): 276-292, 2005
(download)
(link
to journal)
"Economic
growth, biodiversity loss and conservation effort" (with W. Neil
Adger), Journal of Environmental Management68(1):
23-35, 2003
(download)
(link
to journal)
Book chapters
“From efficiency to
justice: utility as the informational basis of climate change
strategies, and some alternatives”, in John Dryzek, Richard B.
Norgaard and David Schlosberg (eds.) The Oxford Handbook of
Climate Change and Society, Oxford: Oxford University Press,
2011 (link
to publisher's page)
“The Stern Review”,
in Stephen H. Schneider (ed.) The Encyclopedia of Climate and
Weather, Oxford: Oxford University Press, 2011 (link
to publisher's page)
"Environmental challenges of the twenty-first
century and the need for an interdisciplinary political economy"
(with Jonathan Michie and Christine Oughton), in Simon Dietz,
Jonathan Michie and Christine Oughton (eds.) The Political
Economy of the Environment: an Interdisciplinary Approach,
Abingdon: Routledge, 2011 (link
to publisher's page)
"Economics and the governance of sustainable
development" (with Eric Neumayer), in W. Neil Adger and Andrew
Jordan (eds.) Governing Sustainability: Essays in Honour of Tim
O'Riordan, Cambridge: Cambridge University Press, 2009 (download)
(link
to publisher's page)
"Economics, ethics and climate change" (with
Cameron Hepburn and Nicholas Stern), in Kaushik Basu and Ravi Kanbur (ed.)
Arguments for a Better World: Essays in Honour of Amartya Sen (Volume 2:
Society, Institutions and Development), Oxford: Oxford
University Press, 2009
(download)
(link
to publisher's page)
"Introduction" (with Giles
Atkinson and Eric Neumayer), in Giles Atkinson, Simon Dietz and Eric
Neumayer (eds.) Handbook of Sustainable Development,
Cheltenham: Edward Elgar, 2007
(link
to publisher's page)
"Progress in the measurement of sustainable
development" (with Giles Atkinson), in Welfare Economics and
Sustainable Development, edited by Yew-Kwang Ng and Ian Wills,
Encyclopedia of Life Support Systems, developed under the
auspices of the UNESCO, Oxford: EOLSS Publishers, 2007 (download)
"A
critical appraisal of genuine savings as an indicator of
sustainability" (with Eric Neumayer), in Phil Lawn (ed.)
Sustainable Development Indicators in Ecological Economics,
Cheltenham: Edward Elgar, 2006 (download)
(link
to publisher's page)
reprinted in Joan Martinez-Alier
and Inge Ropke (eds.) Recent Developments in Ecological Economics,
Cheltenham: Edward Elgar, 2008 (link
to publisher's page)
"Some
constructive comments on the Index of Sustainable Economic Welfare"
(with Eric Neumayer), in Phil Lawn (ed.) Sustainable Development
Indicators in Ecological Economics, Cheltenham: Edward Elgar,
2006 (download)
(link
to publisher's page)
Reports, media articles, etc.
"Carbon tax v cap-and-trade: which is better?" (with Luca Taschini
and Naomi Hicks),
Guardian's
Ultimate Climate Change FAQ, 2013 (link)
"Why do
we see unilateral action on climate change?" (with Carmen Marchiori
and Alessandro Tavoni), Vox, 5 December 2012 (link)
"Report
on Kerry Smith's keynote lecture to EAERE2012: valuing nature in
general equilibrium", EAERE Newsletter, Autumn 2012 (link;
EAERE members only)
"Why do economists describe climate change as a
'market failure'?" (with Alex Bowen and Naomi Hicks), Guardian's
Ultimate Climate Change FAQ, 2012 (link)
"Why does climate change get described as a
'stock-flow' problem?" (with Naomi Hicks), Guardian's Ultimate
Climate Change FAQ, 2012 (link)
Comments on "Climate Risks and Carbon Prices:
Revising the Social Cost of Carbon", Economics for Equity and the Environment
(E3 Network), 2011 (download)
Climate Change Scenarios: Implications for
Strategic Asset Allocation (with Danyelle Guyatt and a team from
Mercer, the Grantham Research Institute and Vivid Economics), February 2011 (link)
"Thinking through the climate change challenge"
(open letter with Robert Hahn, Alistair Ulph and others), Vox, 16
January 2011 (link)
"Adaptation in the UK: a decision-making process"
(with Nicola Ranger, Antony Millner, Sam Fankhauser, Ana Lopez and
Giovanni Ruta), Grantham Research Institute on Climate Change and
the Environment and Centre for Climate Change Economics and Policy,
Policy Brief, September 2010 (download)
"Still wary of Bjorn Lomborg's pronouncements on
climate change" (with Alex Bowen, Bob Ward and Dimitri
Zenghelis),
The Guardian, 2 September 2010 (link)
"Ambiguity is another reason to mitigate climate
change" (with Antony Millner and Geoffrey Heal), Vox, 1
September 2010 (link)
"A long-run target for climate policy: the Stern
Review and its critics", supporting research for the UK
Committee on Climate Change's inaugural report
Building a Low-Carbon Economy –
the UK’s Contribution to Tackling Climate Change,
2008 (download)
(link to the CCC)
Review of the Methodological Approaches Available for Setting
Carbon Budgets (with Paul Watkiss, Will Blyth, Tom Downing,
Alistair Hunt and Ken Fletcher), report to the UK Committee on
Climate Change, Oxford: Paul Watkiss Associates, 2008 (download)
(link to the CCC)
Review of DEFRA paper "The Social Cost Of
Carbon And The Shadow Price Of Carbon: What They Are And How To Use
Them In Economic Appraisal In The UK", peer review for the UK
Department for Environment, Food and Rural Affairs, 2007 (download)