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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Book a demo

Pricing

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Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Macroeconomic Simulation of a Global Carbon Tax Shock II

Macroeconomic Simulation of a Global Carbon Tax Shock II

Kemar Whyte

Leading Economist on Carbon Tax Modelling

The world is only getting hotter and we need to understand the potential ramifications of these climate change policies. Previously, Kemar outlined two carbon shock scenarios and their anticipated effects. In this video, he will explore in depth the results of the model simulation.

The world is only getting hotter and we need to understand the potential ramifications of these climate change policies. Previously, Kemar outlined two carbon shock scenarios and their anticipated effects. In this video, he will explore in depth the results of the model simulation.

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Macroeconomic Simulation of a Global Carbon Tax Shock II

7 mins 57 secs

Overview

The National Institute of Economic and Social Research explores the results of the model simulation

Key learning objectives:

  • Understand the results of the model simulation

  • Identify how a carbon tax would affect price and emissions

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Summary

What are the results of the simulation?

This video explores the impact of a sudden and uniform $100 carbon tax applied across all economies. The effective oil price would rise by approximately 70% on impact, more than 300% for coal and 60% for gas. 

The rise in carbon tax is accompanied by a temporary rise in global credit constraints, to capture the heightened uncertainty triggered by the sudden shift in asset valuations. The shock triggers a shift in the energy mix and decline in CO2 emissions. It raises production costs, reduces the available energy input into production, generates fiscal revenue and impacts a country’s terms of trade. 

 

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Kemar Whyte

Kemar Whyte

Kemar Whyte is a senior economist at the National Institute of Economic and Social Research, specialising in macroeconomic modeling and forecasting. His research interests include financial stability and macroprudential regulation and supervision as well as applied macroeconomics and economic policy. Prior to joining NIESR in 2019, I obtained a masters degree in Economics from the University of the West Indies and a Ph.D. in economics from The University of Sheffield.

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