As thousands of people in Yorkshire, Lincolnshire and the north-east were left without power after transmission equipment overheated, Dr Sam Fankhauser, professor of climate economics at the University of Oxford said the heat was “a stark reminder of … the urgent need to decrease global carbon emissions."
A new Smith School analysis argues that the UK Government Energy (Oil and Gas) Profits Levy could have been better aligned with the UK’s net zero commitment, while still taxing supernormal profits and supporting the economy, jobs, and energy security.
New research published in Climate Policy finds workers in Alberta, Canada, could face job losses resulting from the global clean energy transition, even if they work outside of the province’s oil sands industry.
Heatwaves have a huge impact on our physical and mental health, writes Dr Laurence Wainwright in The Conversation. "Doctors usually dread them, as emergency rooms quickly fill up with patients suffering from dehydration, delirium and fainting. Recent studies suggest at least a 10% rise in hospital emergency room visits on days when temperatures reach or exceed the top 5% of the normal temperature range for a given location."
Dr Thom Wetzer comments on a lawsuit brought by a Peruvian farmer, Saúl Luciano Lliuya, against RWE, Germany’s largest utility company. He said part of the reason for the uptick in climate litigation is the climate “governance gap The Paris Agreement lacks an enforcement mechanism to ensure that countries do what they’ve signed up for . . . As long as these governance gaps persist, we will see more and more litigation to try and plug those gaps.” There is also no net zero legislation governing what companies can or must do in most parts of the world, he adds.
Over 1,000 influential civil servants, regulators, and representatives from civil society have undertaken a course with the Oxford Sustainable Finance Group, part of Oxford University, over the last 12 months, enabled by philanthropic funding from the IKEA Foundation and the European Climate Foundation.
Thom Wetzer has been appointed by the European Securities and Markets Authority (ESMA) to its newly-established Consultative Working Group (CWG) on Sustainable Finance
The U.K. is in the midst of a record-breaking heatwave, with temperatures expected to reach 34C. Dr Radhika Khosla warns: "The health implications of rising temperatures in the UK are serious... the risk of cardiopulmonary and cardiovascular problems increases among older adults, young children, people with chronic conditions, athletes and outdoor workers."
Researchers from the University of Oxford institution parsed more than 900 papers on the economic characteristics of green spending before concluding there is "strong evidence" that green investments outperform fossil fuel investments in terms of job creation.
Green investment works: world-first systematic review shows positive economic outcomes in green government spending
A new Oxford report reveals green government investments are demonstrably superior to dirty investment options; they can be faster, create more jobs and boost economic growth.