Study title

This project relied on secondary analysis of data to examine the impact of the European Union Emissions Trading System (EU ETS) on the geographical distribution of carbon emissions within multinational companies based on data from the Carbon Disclosure Project for the period 2007- 2009. Our data includes regional emissions of 435 companies, of which 47 are subject to EU ETS regulation. CCCEP was established in October 2008 with the aim of advancing public and private action on climate change through rigorous, innovative research. Even though much of our research is ongoing, we have made several major academic contributions: (1) Improving understanding of the uncertainties in climate models, developing state-of-the-art economic models of decision-making under uncertainty and applying them to climate change, and pursuing novel methods of participatory assessment/modelling. (2) Exploring different routes to a global climate agreement and alternatives to state-based governance, all the time emphasising the role of institutions. (3) Advancing knowledge on the potential for climate-friendly forms of development, and development-friendly forms of adaptation. We have advanced new integrated methodologies for identifying adaptation priorities, including 'vulnerability hotspots'. (4) Conducting interdisciplinary research on interventions towards a low-carbon economy, including robust econometric evaluation of the impacts of existing policies, analysis of carbon markets that bridges theory and practice, and an examination of the roles of states and markets. (5) Developing new methodologies bridging the gap between macro-scale simulation modelling and micro-scale, context-specific approaches. To build research capacity, we have strengthened the links between key disciplines and the climate debate, trained over 50 PhD students and provided new university courses at all levels. We have actively engaged with key decision-makers at all stages of the research process, influencing...