We are involved in the design, implementation and analysis of carbon pricing instruments in the UK, EU, US, Australia, South Africa, South Korea, Turkey, China, Mexico and Brazil and work for a wide range of organisations including the World Bank, IEA, OECD, European Commission, Australian Productivity Commission as well as several private sector companies. We have an exceptionally thorough understanding of different carbon strategies and policies worldwide, their design and their impacts. By working with both public and private sector clients, we understand the imperatives of each and can frame our analysis accordingly.
The climate strategy practice focusses on three areas:
- The design of carbon pricing instruments and integration within a broader (energy) policy suite, and the linking of carbon markets under the Paris Agreement
- Modelling the impacts of carbon pricing instruments (trading, taxes and others) on the economy (e.g. GDP, employment, distributional impacts), energy production and emissions. Our frameworks of analysis offer insight on the effects of policy on prices, market shares, firm profits, emission and abatement incentives, network regulation and growth that are not available elsewhere.
- An innovative approach to estimate carbon leakage and competitiveness impacts in industry, including the valuation of assets, fiscal impacts and investment requirements of meeting the targets set by the Nationally Determined Contribution.
In all areas, we provide thought leadership, actionable advice for governments and help private sector stakeholders to contribute to a low-carbon economy.
We pride ourselves in communicating economic insights in an actionable manner to policy makers, as illustrated by our advice to several governments on the design and impacts of carbon pricing instruments. Vivid Economics is known for delivering well-structured, clear and concise reports. The World Bank has commissioned several well-received reports from Vivid, indicating that our writing style corresponds with its high standards of written materials.