Sustainability: more than just hot air?
With the UN Climate Change Conference in Copenhagen this month, and ever-increasing concern about the impact of human activity, it is important to have a comprehensive framework in which to assess the impact. This article suggests one such framework by considering the economic, social and environmental impacts of long-distance transport.
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Ever wondered how economic models can describe people and their behaviour? Agent-based modelling (ABM) may be the answer. It allows economists to explore complex systems and phenomena in a bottom-up, data-driven way. Unlike traditional economic models, which are often constrained by assumptions and simplifications, ABM offers a flexible and… Read More
Undertaking capital projects: linking risk and return
Whether they relate to the energy transition, the renewal of transport infrastructure, or reversing damage to the environment, our society will increasingly need to undertake large capital projects. It will be important to identify the projects’ risks and determine who is responsible for managing these and reducing their likelihood. Read More