Publications

In 2026, climate change will largely remain the same: its impacts will keep growing, as will the policies aimed at reducing them, although with diminishing momentum. We will need to keep a close eye on global climate governance, on securing more funding for adaptation, and on whether clean innovation delivers any surprises.

This study analyzes the macroeconomic effects of carbon price shocks (EU-ETS) via a SVAR with Narrative Sign Restrictions. Facilitating identification and isolating shocks from demand factors, results indicate a stronger economic impact than previous carbon policy studies, but milder than recent works focused on the EU-ETS.

On November 24, two days later than initially planned, COP29 came to a close. Simon Stiell, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC) acknowledged that the final decisions have not satisfied all parties.

The new release includes significant updates mainly focused on the chronic physical risk assessment, driven by a new damage function aligned with the latest research, resulting in greater projected output losses.

Deforestation in Colombia is unsustainable environmentally, economically, and socially. Reversing it requires strengthening land ownership and usage systems, promoting sustainable development, and assigning value to natural assets. Coordination between public policies and the private sector is essential.

This article examines the potential of the carbon market in Mexico, focusing on three key instruments: an emissions tax, a voluntary market, and emissions trading systems.

In the face of unequivocal evidence of climate change, the challenge is to decouple economic development from greenhouse gas emissions with more ambitious policies aimed at achieving a socially just transition by internalizing the costs of emissions and promoting green innovation and private investment.