The price of ecological breakdown
08 October 2024Cambridge researchers are investigating the economic consequences of climate change and biodiversity loss, and identifying ways to drive a more sustainable global economy.
Cambridge researchers are investigating the economic consequences of climate change and biodiversity loss, and identifying ways to drive a more sustainable global economy.
Study uses 40 years of quarterly data to forecast a lengthy global recession resulting from coronavirus, with the manufacturing bases of China and East Asia predicted to fare better than most Western economies.
The first large-scale study of the risks that countries face from dependence on water, energy and land resources has found that globalisation may be decreasing, rather than increasing, the security of global supply chains.
The worst thing for the economy would be not acting at all to prevent disease spread, followed by too short a lockdown, according to research based on US data.
Study suggests that 7% of global GDP will disappear by 2100 as a result of business-as-usual carbon emissions, including over 10% of incomes in both Canada and the United States.
Macroeconomic simulations show rates of technological change in energy efficiency and renewable power are likely to cause a sudden drop in demand for fossil fuels, potentially sparking a global financial crisis. Experts call for a “carefully managed” shift to low-carbon investments and policies to deflate this “carbon bubble”.
Economists at the Centre for Business Research (CBR) have challenged the assumptions of the Treasury in their new forecast for the UK economy and the impact of Brexit in 2017.
El Niño has a significant impact on the world and local economies - and not always for the worst - and countries should plan ahead to mitigate its effects, according to a new Working Paper from the University of Cambridge.