Inaugural Oxford Symposium on the Carbon Removal Budget: Bridging Science, Equity, and Innovation.
The inaugural Oxford Symposium on the “Carbon Removal Budget (CRB): Bridging Science, Equity, and Innovation” was held at Rhodes House, Oxford, and brought together researchers, policymakers, and industry leaders to explore the evolving role of carbon dioxide removal (CDR) in global net-zero strategies. Recognising CDR as a finite yet essential resource, the symposium examined how […]
Professor Rob Bauer public lecture: What Investors Really Want: Beliefs, Preferences, and the Practice of Sustainable Investing
The University of Oxford Prize for Greening Finance was established in 2023 to recognise research and service that helped society better understand how environmental change influenced finance and investment, and how economic and financial systems could contribute to achieving global environmental sustainability. An endowment was established to support the Prize in perpetuity through a generous […]
Global banks fuel fossil growth despite climate crisis warnings
Ben Caldecott, Director of the Oxford Sustainable Finance Group, was recently featured in an article by The Wall Street Journal, which detailed global banks sharp increase for fossil fuel financing in 2024, committing $869.4 billion—a 23% rise from the previous year—despite escalating climate warnings, according to the latest Banking on Climate Chaos report. Ben Caldecott […]
Professor Rob Bauer public lecture: What Investors Really Want: Beliefs, Preferences, and the Practice of Sustainable Investing
The University of Oxford Prize for Greening Finance was established in 2023 to recognise research and service that helps society better understand how environmental change influences finance and investment, and how economic and financial systems can contribute to achieving global environmental sustainability. An endowment has been established to support the Prize in perpetuity through a […]
Net-Zero Asset Owner Alliance to ‘advance work’ on financing CO2 removal
Net-Zero Asset Owner Alliance to ‘advance work’ on financing CO2 removal Ben Caldecott, director of the Oxford Sustainable Finance Group, was recently featured in an article by Responsible Investor, detailing that the Net-Zero Asset Owner Alliance (NZAOA) expects to publish a paper on best practices for how investors can finance the development of carbon dioxide […]
Financing costs and the competitiveness of renewable power
Executive Summary Relative to fossil fuel power, renewables are sensitive to changes in the cost of capital (CoC). After decades of low financing costs, interest rates have risen sharply in developed economies post-COVID19. We investigate the implications of changing CoC on the competitiveness of renewables, with impacts differing by region. In the U.S., higher rates […]
Climate Transition Plans’ Assessment in Hard-to-Abate Sectors: Evidence from Airlines
Executive Summary As industries navigate the transition to net-zero emissions, aviation faces unique challenges balancing growth with decarbonisation. With air travel demand expected to triple by mid-century and limited near-term alternatives to fossil fuels, credible climate transition plans are essential—yet robust assessment tools remain scarce. This study introduces a correlation based scoring framework to evaluate […]
Climate transition finance metrics effectiveness: An industry perspective
Executive Summary Climate transition finance metrics (TFMs) have become crucial for directing capital toward low-carbon pathways, yet their credibility, data integrity, and effectiveness in achieving near-term climate targets remain uncertain. In this study, we systematically examine TFMs reported by some of the largest global financial institutions-including banks, insurers, asset owners, and asset managers-and conduct a […]
Inaugural Oxford Symposium on the Carbon Removal Budget: Bridging Science, Equity, and Innovation.
The global net-zero transition necessitates the active integration of Carbon Dioxide Removal (CDR) strategies alongside emission reductions. However, with CDR emerging as a finite resource, a clearer understanding of its availability, equitable distribution, and potential applications is critical. This symposium will focus on the Carbon Removal Budget (CRB) as a conceptual and practical tool to […]
Environmental Reputation Risk and the Cost of Equity: The Impact of Corporate Response to Climate Change Exposures
Executive Summary This study examines the impact of environmental and climate change reputation risk on the cost of equity, emphasising the role of financial analysts’ perceptions of corporate responses to climate change exposures. We find that reputational risk measured by environmental misconduct is positively associated with a higher cost of equity. However, firms that adopt […]