And up to 90% of costs can be recovered from fuel savings, finds a new report from the Oxford Sustainable Finance Group.
The Smith School and New College, University of Oxford, are delighted to announce the creation of a new professorship in environmental economics. The post will be held by Cameron Hepburn and is named in recognition of philanthropic support from Mr Humphrey Battcock.
Men have often held the power of fire, water and now, electricity and fuel.
A new report from the Oxford Sustainable FInance Group finds that globally, renewable electric utilities are cheaper to finance than fossil fuel-focused peers. The report is the most comprehensive analysis of cost of capital trends across the global energy sector over the past two decades
This month saw the launch of the Government Climate Campus – an ambitious partnership to connect public servants with the tools and training they need to address the climate crisis. The Smith School is delighted to be a founding partner and contributing our expertise to supporting 50,000 public servants to cut emissions by 50% by 2030.
There is an estimated 3 trillion USD per annum investment gap to help low-income countries reach the sustainable development goals. In Africa, much faith has been placed in the private sector by development banks and governments to make up this shortfall, especially in the energy sector.
Ahead of COP27, academics from 50 institutions have called for a shift in how politicians, funders and researchers think about the clean energy transition in the African continent, as a new study highlights radically different energy needs across countries.
The idea that going green will be expensive is ‘just wrong’. Transitioning to a decarbonised energy system by around 2050 is expected to save the world at least $12 trillion compared to continuing our current levels of fossil fuel use, according to a peer-reviewed study by Oxford University researchers, published in the journal Joule <
The BBC reports on a new Oxford study that finds switching from fossil fuels to renewable energy could save the world as much as $12tn (£10.2tn) by 2050. The report said it was wrong and pessimistic to claim that moving quickly towards cleaner energy sources was expensive. "Our latest research shows scaling-up key green technologies will continue to drive their costs down, and the faster we go, the more we will save," said Dr Rupert Way, the report's lead author from the Smith School of Enterprise and the Environment.
Brian O’Callaghan, lead researcher at the Smith School's Economic Recovery Project, provided expert commentary on the US Inflation Reduction Act 2022 - a transformative new climate bill. He noted, among other points, that the bill has nothing to fulfill America’s broken promise of billions of dollars in climate aid for poor nations.