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Abstract:

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CEP Election Analysis
Energy and the Environment: a cold climate for climate change policies?
Jonathan Colmer, Antoine Dechezleprêtre and Ralf Martin April 2015
Paper No' CEPEA032:
Full Paper (pdf) | View Video (pdf)

Tags: energy; climate change; environment; #electioneconomics

The UK's main political parties have all pledged to combat climate change whatever the result of the general election. Yet according to a new report from the CEP, much of the discussion is largely rhetoric, with limited focus on actionable policy commitments. The report's authors explain how UK climate policy consists of a patchwork of instruments addressing greenhouse gas emissions from a variety of sources and resulting in a diverse menu of carbon prices. And while the country's recent record on cutting carbon emissions seems impressive at first glance, much of it has been a result of the reduction in economic activity in the Great Recession.