Clean growth
Given that the threat of human induced climate change is considered the greatest challenge of our time, economic growth has to be sustainable.
We examine the determinants of the main culprit in climate change: greenhouse gas emissions (GHG). Our focus is businesses, responsible for about one-third of GHG emissions in industrialised countries. We find that management practices account for a considerable amount of the variation in emissions found, even in similar business sectors. The programme has carried out evaluations of emissions-reduction schemes such as the European Emissions Trading Scheme and the Climate Change Levy as well as considering impacts on competitiveness and economic performance, a major issue for policy makers.
Businesses are not only polluters but can be innovators in the development of new emission-reducing products, services and processes. An important focus of our research is the drivers of clean innovation (including taxation of dirty innovation) and how policy can efficiently incentivise it. Research using patent citations data suggests that knowledge spillovers from clean innovation exceed those from dirty (carbon-based) innovation. This suggests that short-run as well as longer-run growth effects would occur from a transition to cleaner technologies and climate change policies.
Turning from producers to consumers of energy, we are conducting random controlled trials to see which behavioural incentives and technology (eg smart meters) work to reduce domestic energy consumption or shift its demand to match the natural variations of renewable resources such as solar or wind.
Featured Work
Clean growth publications
Esin Serin, Anna Valero and John Van Reenen
20 September 2023
Ufuk Akcigit and John Van Reenen
22 August 2023
Philippe Aghion and Tim Phillips
19 July 2023
Pia Andres, Ralf Martin, Esin Serin, Arjun Shah and Anna Valero
22 June 2023
Mario Cervantes, Chiara Criscuolo, Antoine Dechezleprêtre and Dirk Pilat
1 June 2023
Richard Davies and Jane Goodall
12 May 2023
Patrick Bolton, Adrian Lam and Mirabelle Muûls
26 April 2023
Qiang Dai, Robert J.R. Elliott, Gavin Harper, Oliver Heidrich, Viet Nguyen-Tien and Margaret Slattery
20 February 2023
John Van Reenen
14 February 2023
Ralph De Haas, Ralf Martin, Mirabelle Muûls and Helena Schweiger
1 November 2022
Ana Sanchez Chico, Antoine Dechezleprêtre, Adrien Fabre, Tobias Kruse, Bluebery Planterose and Stefanie Stantcheva
14 October 2022
Robert J.R. Elliott, Benjamin Jones and Viet Nguyen-Tien
6 October 2022
Paul A. Anderson, Qiang Dai, Robert J.R. Elliott, Gavin Harper and Viet Nguyen-Tien
1 September 2022
Robert J.R. Elliott, Gavin Harper, Laura Lander and Viet Nguyen-Tien
7 July 2022
Molly Broome, Stefano Cellini, Kathleen Henehan, Charlie McCurdy, Capucine Riom, Anna Valero and Guglielmo Ventura
30 June 2022
Brendan Curran, Ralf Martin, Sabrina Muller, Viet Nguyen-Tien, Juliana Oliveira-Cunha, Esin Serin, Arjun Shah, Anna Valero and Dennis Verhoeven
23 May 2022