Grantham Research Institute on Climate Change and the Environment

Last updated

The Grantham Research Institute on Climate Change and the Environment is a research institute at the London School of Economics and Political Science founded in May 2008. [1] The centre is a partner of the Grantham Institute for Climate Change at Imperial College and acts as an umbrella body for LSE's overall research contributions to the field of climate change and its impact on the environment. Furthermore, the institute oversees the activities of the Centre for Climate Change Economics and Policy (CCCEP), [2] a partnership between LSE and the University of Leeds.

Both Grantham research centres are sponsored through the Grantham Foundation for the Protection of the Environment, established by Hannelore and Jeremy Grantham in 1997. [3] The combined investments totalling approximately £24 million is recognised as one of the largest private contributions to climate change research. CCCEP is funded independently by the ESRC.

The institute is currently chaired by Lord Nicholas Stern of Brentford, former Chief Economist of the World Bank and author of the widely known Stern Review. [4] Bob Ward is the policy and communications director.

The purpose of the Institute is to increase knowledge and understanding on climate change and the environment; promote better informed decision-making; and educate and train new generations of researchers through its undergraduate and postgraduate programmes.

The institute's main research activities are divided into five different areas:

1. Global response strategies
2. Green growth
3. Practical aspects of climate policy
4. Adaptation and development
5. Resource security

The research of the institute is characterised by its interdisciplinary nature and brings together international expertise on economics, finance, geography, the environment, international development and political economy, as the centre's academic staff comprise a broad range of disciplines, including physicists, climatologists, economists, statisticians, political scientists and various other social scientists.

In September 2015, the institute hosted an Open Energy Modelling Initiative workshop.

In October 2021, the institute published a working paper by Nicholas Stern stating that economists had grossly undervalued young lives. [5]

Related Research Articles

London School of Economics Public university in London, United Kingdom

The London School of Economics and Political Science is a public research university located in London, England, and a constituent college of the federal University of London. Founded in 1895, by Fabian Society members Sidney Webb, Beatrice Webb, Graham Wallas, and George Bernard Shaw, LSE joined the University of London in 1900 and established its first degree courses under the auspices of the university in 1901. LSE began awarding its degrees in its own name in 2008, prior to which it awarded degrees of the University of London.

Nicholas Stern, Baron Stern of Brentford

Nicholas Herbert Stern, Baron Stern of Brentford, is a British economist and academic. He is IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE), and 2010 Professor of Collège de France. From 2013–2017, he was President of the British Academy.

William Nordhaus American economist

William Dawbney Nordhaus is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memorial Prize in Economic Sciences. Nordhaus received the prize "for integrating climate change into long-run macroeconomic analysis".

Sir Timothy John Besley, is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE).

The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE. The report discusses the effect of global warming on the world economy. Although not the first economic report on climate change, it is significant as the largest and most widely known and discussed report of its kind.

Robert Jeremy Goltho Grantham is a British investor and co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO), a Boston-based asset management firm. GMO had more than US$118 billion in assets under management as of March 2015. He has been a vocal critic of various governmental responses to the Global Financial Crisis from 2007 to 2010. Grantham started one of the world's first index funds in the early 1970s.

Ottmar Edenhofer

Ottmar Georg Edenhofer is a German economist who is regarded as one of the world's leading experts on climate change policy, environmental and energy policy, and energy economics. His work has been heavily cited. Edenhofer currently holds the professorship of the Economics of Climate Change at the Technical University of Berlin. Together with Earth scientist Johan Rockström, economist Ottmar Edenhofer is scientific director of the Potsdam Institute for Climate Impact Research (PIK), representing the interdisciplinary and solutions-oriented approach of the institute. Furthermore, he is director of the Mercator Research Institute on Global Commons and Climate Change (MCC). From 2008 to 2015 he served as one of the co-chairs of the Intergovernmental Panel on Climate Change (IPCC) Working Group III "Mitigation of Climate Change".

Climate change in the United Kingdom Emissions, impacts and responses of the United Kingdom related to climate change

Climate change in the United Kingdom is leading to a range of impacts on the natural environment and humans, including increasing storms, floods, heatwaves and sea level rise. Climate change inaction has been a subject of protest and controversies and various policies have been developed to mitigate its effects. The government has a commitment to reduce greenhouse gas emissions by the United Kingdom by 50% on 1990 levels by 2025 and to net zero by 2050. In May 2019, Parliament declared a 'climate change emergency', however this does not legally compel the government to act.

International Growth Centre

The International Growth Centre (IGC) is an economic research centre based at the London School of Economics, operated in partnership with University of Oxford's Blavatnik School of Government.

The Centre for Climate Change Economics and Policy (CCCEP) is a climate change research centre in England which studies the economics of global warming. It is hosted jointly by the University of Leeds and the London School of Economics and Political Science (LSE).

Judith Rees British academic, educator

Dame Judith Anne Rees,, a distinguished academic geographer, was interim director of London School of Economics and Political Science (LSE) from May 2011 until September 2012. Professor Rees also acts as director for both its Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the Environment.

The Grantham Institute – Climate Change and Environment is one of five Global Institutes at Imperial College London and one of three Grantham sponsored centres in the UK. The Institute was founded in 2007 with a £12m donation from the Grantham Foundation for the Protection of the Environment, an organisation set up by Hannelore and Jeremy Grantham.

Citizens' Climate Lobby (CCL) is an international grassroots environmental group that trains and supports volunteers to build relationships with their elected representatives in order to influence climate policy. The CCL is a registered 501(c)(4) with approximately $680,000 in revenue in the United States in 2018. Operating since 2007, the goal of CCL is to build political support across party lines to put a price on carbon, specifically a revenue neutral carbon fee and dividend (CF&D) at the national level. CCL is supported by notable climate scientists James Hansen, Katharine Hayhoe, and Daniel Kammen. CCL's advisory board also includes former Secretary of State George P. Shultz, former US Representative Bob Inglis, actor Don Cheadle, and RESULTS founder Sam Daley-Harris.

Cameron Hepburn is an Australian Professor of Environmental Economics at the University of Oxford and the London School of Economics and Political Science, both in the United Kingdom. He is Director of the Economics of Sustainability Programme at the Institute for New Economic Thinking at the Oxford Martin School.

LSE Cities is a research centre at the London School of Economics and Political Science.

Michael Jacobs is Professorial Research Fellow at the Sheffield Political Economy Research Institute at the University of Sheffield. He was previously a special adviser to former UK Prime Minister Gordon Brown, Co-Editor of The Political Quarterly and the head of the Fabian Society, and then director of the Commission on Economic Justice at the Institute for Public Policy Research and a visiting professor in the Department of Political Science and School of Public Policy, University College London.

The India Observatory (IO) is a research unit at the London School of Economics and Political Science (LSE).

Ruth Kattumuri Social science researcher

Ruth Kattumuri is a British Indian involved in strategy, inter-government public policy, sustainable development and academia. She is Senior Director Economic, Youth and Sustainable Development at the Commonwealth of Nations. She has been co-director of the India Observatory (IO), a Distinguished Policy Fellow and Founder of the IG Patel Chair and IO at the London School of Economics and Political Science (LSE).

Susana Mourato is a professor of environmental economics at the London School of Economics and Political Science. She holds a leader position at the Grantham Research Institute on Climate Change and the Environment. 

The Department of Economics is an academic department of the University of Oxford within the Social Sciences Division. Relatively recently founded in 1999, the department is located in the Norman Foster-designed Manor Road Building.

References

  1. "The London School of Economics to Establish the Grantham Research Institute on Climate Change and the Environment". MaximsNews. 20 May 2008. Archived from the original on 21 June 2013.
  2. "Centre for Climate Change Economics and Policy" . Retrieved 10 May 2019.
  3. "Grantham Foundation - Home". www.granthamfoundation.org. Retrieved 10 May 2019.
  4. Black, Richard (16 March 2010). "Copenhagen climate summit undone by 'arrogance'". BBC News. Retrieved 12 August 2021.
  5. Stern, Nicholas (26 October 2021). A time for action on climate change and a time for change in economics — Working paper 370 (PDF). London, United Kingdom: Grantham Research Institute on Climate Change and the Environment. ISSN   2515-5717 . Retrieved 26 October 2021.

Coordinates: 51°30′57″N0°06′54″W / 51.515750°N 0.11504500°W / 51.515750; -0.11504500