Economics Observatory Roundtable: The economics of net zero
Scientific evidence built up over decades is clear that it is our economy that is the single biggest driver of climate change. How we travel to work, the business models of our companies (both large and small) and the structure of markets for key natural resources are all crucial in determining the amount of emissions we release into the atmosphere. If we are to achieve net zero (by 2050 according to the UK Government’s target), then we need to transform all aspects of our current economic model.
Economists are now much better however, at understanding how changes in policy and economic activity impacts upon emissions. Interestingly, when new students of economics were asked about what topics matter most to them, climate change consistently comes out as one of the top economic challenges cited.
The ESRC’s Economic Observatory is a new initiative designed to help provide answers to some of the key policy challenges of our time. It draws together expertise from across the UK and further afield. There is a dedicated section on the website on all manner of different aspects of climate change and the environment.
The University of Glasgow is a member of the Economic Observatory network. On 3 November, we are delighted to join with the Economic Observatory to host a conference on the economics of net zero in partnership with the UK Government Economic Service (GES).
This forms part of the GES’ Global Economics Conference series. The event will discuss key issues in the economics of climate change and the role of economic policy in helping to deliver the structural changes that are needed in our society. We will hear from a number of distinguished speakers from government and the academic community.
The two panels and Q&A session will focus on the economics of climate change and the challenges and opportunities from securing the transition to net zero.
We hope that attendees will join us in Glasgow, but it will also be possible to watch the event online. Places are free of charge and can be booked here
The Economics Observatory will also be launching issue two of ECO magazine at the event and attendees will receive a free copy.
Part of the COP26 activities at the College of Social Sciences, University of Glasgow