Grantham Research Institute on Climate Change & the Environment

The Climate Change Committee published their seventh carbon budget today and they referenced a range of Grantham Institute reports and publications. You can take a look at the quoted publications and read them in full here ⬇️ What does more North Sea oil and gas mean for UK energy supply and net zero? By Paul Ekins https://lnkd.in/e43KQQQy Seizing sustainable growth opportunities from carbon capture, usage and storage in the UK. By Esin Serin, Ralf Martin, Arjun Shah, Pia Andres and Penny Mealy https://lnkd.in/dyx6CBdZ Exploring the carbon sequestration potential of rewilding in the UK: policy and data needs to support net zero. By Leo Mercer and Ruth Gregg https://lnkd.in/e8H9ffWy Turning up the heat: learning from the summer 2022 heatwaves in England to inform UK policy on extreme heat. By Dr Candice Howarth, Sara Mehryar, Anna Beswick , Bob Ward and Adeline Stuart-Watt https://lnkd.in/eECS8H7j What will climate change cost the UK? Risks, impacts and mitigation for the net-zero transition. By James A. Rising, Simon Dietz, Marion Dumas, Ritika Khurana, Jarmo Kikstra, Timothy Lenton, Manuel Linsenmeier, Chris Smith, Charlotte Taylor and Bob Ward https://lnkd.in/eXF_JHMR

Timo Leiter has called the recent absence of US officials from global climate meetings “another deeply troubling and worrying sign that the Trump administration is determined to outright ignore one of the biggest problems of humanity” Read more in The Guardian ⬇️

“This rise in energy bills is driven by the wholesale cost of natural gas and has nothing to do with the Government’s policies to achieve net zero emissions of greenhouse gases.” Bob Ward is in the Big Issue commenting on the Ofgem announcement that energy bills are set to rise by more than £100 a year.

For nearly a decade, the Ogale and Bille communities of Nigeria have been fighting for justice, seeking accountability from oil giant Shell for the devastating environmental pollution that has wrecked their land and livelihoods. Join us on February 26th (this Wednesday) for a conversation with King Okpabi, leader of the Ogale community, alongside an expert panel on environmental law and litigation. Together, they will unpack the significance of this case, its legal journey, and its potential impact on future lawsuits against corporate actors. King Bebe Okpabi - Oneh-Eh-Nchia X and Paramount Ruler of Ogale Zoe Johannes - Associate Solicitor in the international department at Leigh Day Mark Dummett - Amnesty International Zainab R. - Media & Communications Manager at RAID Chair: Marie Petersmann - Assistant Professor at LSE Law School Sign up here ⬇️ https://lnkd.in/e9pU4DPh This event is co-hosted by The GRI, LSE Law School and Rights and Accountability in Development (RAID)

Join CETEx (Centre for Economic Transition Expertise) and The Transition Pathway Initiative Centre (TPI Centre) on February 26th for an event exploring how governments will raise the necessary funds for the low-carbon transition. The event will feature reflections from the UK’s Green Gilt programme, focusing on how it integrates mitigation, social outcomes, and cross-ministry collaboration. Panellists will outline key features of “investable” Nationally Determined Contributions and explore real-world cases of how governments can disclose financing needs and climate-related spending, drawing on the Assessing Sovereign Climate-related Opportunities and Risks project. Tom Dillon - Head of Sovereign ESG at Aviva Investors Rahul Ghosh - Global Head of Sustainable Finance at Moody’ Investors Service Mark Manning - Visiting Senior Fellow at Centre for Economic Transition Expertise Jessica Pulay - Chief Executive Officer of the UK Debt Management Office Antonina Scheer - Policy Fellow and Research Project Manager at the Transition Pathway Initiative Centre Chair Carmen Nuzzo - Professor in Practice at the Grantham Research Institute on Climate Change and the Environment and the Executive Director of the Transition Pathway Initiative Centre. Transition Pathway Initiative (TPI)

Today, the European Scientific Advisory Board on Climate Change published its new report ‘Scaling up carbon dioxide removals – Recommendations for navigating opportunities and risks in the EU’. The Advisory Board makes important recommendations to policy makers, advocated by LSE's Grantham Research Institute, including: - Ensuring robust and transparent MRV within the Carbon Removals Certification Framework - Progressive sequencing of removals into the #EUETS The report also heavily cites leading carbon removal experts at the Institute, Leo Mercer and Josh Burke FRSA, including their research on MRV https://lnkd.in/eahrvfTZ and how to integrate permanent removals into emissions trading schemes https://lnkd.in/e4eup6qh #carbondioxideremoval #mrv #crcf 

The new case study from the GRI's Just Transition Finance Lab explores how Spain’s Just Transition Institute (ITJ) has developed a series of tenders linking grid access for renewables to job creation and social and environmental programmes. “Spain’s just transition tender programme is an innovative approach to mobilising finance for social outcomes linked to the phase-out of coal and expansion of renewables. The tender uses a regulatory mechanism to channel private sector funding into specified just transition activities.” Nick Robins, Executive Director of the Just Transition Finance Lab. Find out more about Spain’s just transition energy tenders here ⬇️

President Trump entered office a month ago. The executive orders signed in his first days have eliminated over 70 of the Biden administration’s climate and energy initiatives. Trump’s orders to leave the Paris Agreement and “terminate the Green New Deal” will have far-reaching implications for climate governance and action in the United States and globally, but giving up is not an option, writes Timo Leiter.

A new study by the GRI and Columbia University has found that a UK government subsidy towards an indoor air pollution monitor could lead to savings of up to ￡40 billion. Researchers Sefi Roth and Robert Metcalfe found that the “productivity increases that go back to the Government more than offsets the upfront subsidy cost”. This would result from increased tax revenue from higher earnings and also significant reductions in healthcare spending by the NHS.

The usual privilege to be able to join such an amazing family of Finance Ministry leaders who understand the enormous economic and wider benefits of forging the new economy of the future, one that is cleaner, more productive, full of high quality jobs. And who have the courage and bravery to make it happen. https://lnkd.in/e3Mg3J6C Coalition of Finance Ministers for Climate Action Ralien Bekkers Sam Koojo Mads Dalum Libergren Frank van Lerven Leandro Rossi Pekka Moren Nanki Kaur Himanshu Sharma June A. Clare Nyakahuma Jeppe Leo Rasmussen Anika Heckwolf Hipólito Talbot-Wright Bob Ward Hannah Maier-Peveling