Depiction of Climate commitment

Climate commitment

We’re committed to being a net zero business.

The climate challenge is one of the biggest questions that business and society are facing globally. Together, we can make a difference.

Industries, organisations, governments and businesses are seeking answers to the questions that they are facing in their individual efforts to ensure a sustainable future. Our people offer solutions and toolkits to facilitate these crucial changes as economics is at the heart of understanding what interventions are needed and how to ensure the transition is achieved in a fair and equitable way.

As a growing and responsible business, we have also examined our own behaviours, considered our impact and made a commitment.

Our pathway to net zero

In 2021, we undertook a detailed exercise measuring our carbon footprint and setting economic based reduction targets for the next five years.

We’ve committed to achieving at least a 25% reduction* in carbon emissions by 2025 through changes to our working practices and working environment. We’ve joined the Race To Zero SME Climate Commitment, a UN-backed global campaign, to halve global emissions by 2030.

*from a 2019 baseline.

We’re going to publish our progress and outcomes annually, and we aim to act as a catalyst for better, more sustainable business practices with our clients and suppliers.

Climate commitment 6 posts

Articles
Depiction of How do policymakers make the climate transition just?
11 minute read

How do policymakers make the climate transition just?

Many different organisations, including the European Commission, the United Nations and the International Labour Organization (ILO), have expressed a desire to ensure that decarbonisation involves a ‘just transition’. The organisations have often focused on the ‘workers’ rights’ element of the transition, without giving other aspects of a just transition the same level of consideration. In this article, we identify these other aspects and, in particular, we explain why current methods of funding decarbonisation are often ‘regressive’ rather than ‘progressive’. Read More

Articles
Depiction of When to give the green light to green agreements
16 minute read

When to give the green light to green agreements

Should companies be allowed to cooperate—or ‘collude’—on socially beneficial environmental behaviour? Do companies even have the incentive to cooperate on socially beneficial behaviour? In this article, we reconcile apparently divergent views concerning the law and economics of the value of sustainability agreements, by illustrating how the presence of sustainability spillovers between firms can generate both socially and privately beneficial cooperation. Read More

Articles
Depiction of New game, new rules: the draft guidelines for ‘green’ state aid measures
8 minute read

New game, new rules: the draft guidelines for ‘green’ state aid measures

On 7 June, the European Commission published its draft climate, energy and environmental aid guidelines (CEEAG). More comprehensive than the previous version, these guidelines cover new technologies (such as hydrogen) and state aid for the phasing out of coal. We explore the role of economic and financial analysis in assessing the compatibility of ‘green’ aid measures under the guidelines. Read More

Articles
Depiction of Promoting the green transition: the EU’s Recovery and Resilience Facility
11 minute read

Promoting the green transition: the EU’s Recovery and Resilience Facility

Over the next five years, significant funding will be made available through the EU’s Recovery and Resilience Facility (RRF) to support member states’ recovery from the COVID-19 crisis. A large part of this funding will be allocated to the ‘green transition’, supporting the EU’s goal to reach net-zero emissions by 2050. We take a look at some of the investments, and the role of economic and financial analysis in ensuring that they are in line with state aid rules. Read More

Articles
Depiction of Trade-offs for take-off: domestic aviation in a post-pandemic world
6 minute read

Trade-offs for take-off: domestic aviation in a post-pandemic world

Several European governments have provided support to their national airlines and airports amid the COVID-19 pandemic. At the same time, they have committed to a green recovery, pledging to decarbonise their domestic transport sectors in order to reach their net-zero goals. What decisions and trade-offs might governments need to make in order to support domestic aviation and meet their environmental targets in a post-pandemic world? Read More

Articles
Depiction of The role of sustainability in merger control
5 minute read

The role of sustainability in merger control

The recent focus on sustainability in the context of coordination agreements and in state aid cases1 has now spread to merger control.2 This article addresses how sustainability fits into the merger assessment framework and what we can learn from environmental economics and the economics of climate change… Read More