CETEx (Centre for Economic Transition Expertise)

We are delighted to announce that Rt Hon Chris Skidmore is joining us as Chair of CETEx. Chris is a former UK Energy and Clean Growth Minister who signed the UK’s net zero commitment into law in 2019 and was Independent Chair of the UK Net Zero Review. https://lnkd.in/eXgN4wj2

The UK’s Autumn 2024 Budget took positive measures to open investment for clean growth but the day-to-day tax and spending decisions do not reflect the need for bold, holistic action on climate says Daisy Jameson https://lnkd.in/e2HavdDd

Building on the work of the Network for Greening the Financial System (NGFS) and INSPIRE - Greening the financial system, our new report explores the role of deforestation as a driver of nature loss and source of potential economic and financial destabilisation. The report highlights how forest loss impacts health, productivity, and livelihoods, and it examines the economic and social risks tied to deforestation and land-use changes. Authors: Elena A. | David Lagoa | Thessa Vasudhevan

Andy King, Visiting Senior Fellow at CETEx has written a new piece on the need for the UK to strengthen its emissions budgeting processes.

The 2024 budget is next week, and Rachel Reeves is expected to announce more public investment. In this commentary, Daisy Jameson argues that this investment is welcome, particularly if used to address the gap in investment required for the UK in its transition to a clean economy. She also sets out how the investment could be funded by changing the fiscal rules by excluding the policy banks from the UK’s debt rule.

Many thanks to all those who joined us for our first annual CETEx conference hosted alongside Sustainable Macro and the Deutsche Bundesbank. Presenters from across academia, central banking, and civil society presented cutting-edge research across four themes: 1) Renewable energy supply chains; 2) Climate policy and financial markets; 3) Climate scenarios and macro modelling; and 4) Nature loss and impacts on the transition. We then closed with a policy panel on the geopolitics of energy supply chains in the transition with Peter Olive, Daniela Gabor, and Claudio Baccianti – moderated by Agnieszka (Aga) Smoleńska, PhD. Special thanks to our keynote speaker, Luiz Awazu Pereira da Silva, who we are delighted to welcome to our team as a visiting Professor in Practice.

As the Biodiversity COP16 conference gets underway today Lea Reitmeier Elena A. and Torsten Thiele highlight the need for ambitious commitments on ocean conservation and blue finance in order to safeguard the ocean’s indispensable contributions to humanity https://lnkd.in/eSEye2eK

New report out today outlines principles-based recommendations for strategic national transition planning, designed to steer, accelerate and coordinate whole-of-government and whole-of-economy action towards a just, low-emissions, climate-resilient and nature-positive future. Also check out the accompanying Handbook (follow link on report page) which provides practical guidance for government decision-makers as they develop national transition plans and processes. Authors: Mark Manning Riona Bowhay Megan Bowman Peter Knaack Lisa Sachs Agnieszka (Aga) Smoleńska, PhD FIONA STEWART Tom Tayler Perrine Toledano Harald Walkate #ClimateWeekNYC https://lnkd.in/eJbSX8Zw

It’s #ClimateWeekNYC! On September 25th we are co-hosting an event on transition planning. You can find out more and sign up for the live stream here ⬇️ https://lnkd.in/eprZQPhA

New policy brief outlines options to minimise the fiscal burden of the Bank of England’s Asset Purchase Facility and proposes that some of the savings from this could be used for much-needed green investment projects - that are vital to creating jobs and facilitating the UK’s net zero transition. https://lnkd.in/eVHikV-W