The Great Carbon Arbitrage

Our analysis shows that phasing out coal is not just a matter of urgent necessity to limit global warming to 1.5°C; it is also a source of considerable economic gain, in terms of net benefits, defined as gross benefits minus gross costs.


Ukraine war, pandemic set to speed Europe's green energy transition, report finds

Most European Union countries have boosted their renewable plans since 2020, putting them on course to cut fossil fuel use this decade as the energy and COVID-19 crises have spurred, not derailed their green transition, Reuters reports. 

"The recovery has been wildly inconsistent around the world," said Brian O'Callaghan, lead researcher at Oxford University's Economic Recovery Project, pointing to Australia, China and India as having relatively small shares of green COVID-19 recovery spending.


The problem of global energy inequity, explained by American refrigerators

"As renewables grow more widespread and affordable, it’s becoming increasingly possible to balance growth with sustainability. For cooling in India, Oxford University sustainable development expert Radhika Khosla told me, passive cooling methods, such as shading, natural ventilation, green roofs or reflective white roofs, and changing working schedules and hydration practices when possible will continue to be vital for people who can’t afford air conditioners or work most of the day outdoors."


Radhika Khosla on Sky's Daily Climate Show

Recent heatwaves in India and Pakistan have seen temperatures rise to unprecedented levels. Dr Radhika Khosla discussed the knock-on effect the demand for cooling systems like air conditioning. "Right now most air conditioners that are being used are not even near half the level of energy efficiency that they could be," she said.


Carbon markets are going global

Making carbon markets work better is more of a political challenge than an economic one... The difficulty is building and preserving support for measures that make most economic activities costlier. The same applies to other climate-friendly measures, notes Dr Ben Caldecott of Oxford University: Britain has long failed to raise petrol taxes in line with inflation, costing the government billions.