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Risk assessment. Our forecasts and research will enable you to effectively evaluate the impact climate risks and opportunities will have on your business outlook.
Helping you assess the impact global warming will have on your business outlook and meet ESG standards.
Macroeconomic Climate Research This service will provide monthly research on key climate issues such as mitigation policy, global warming, natural disasters, technological change, and population growth. There will be three broad themes to the research briefs: Thematic research: short focused analysis and literature reviews on the macroeconomics of mitigation policy and physical risks Scenarios analysis: climate scenario levers used to understand and quantify the transition channels associated with climate change Commentary: interpretation and review of new publications, policies or events e.g. impact of inflation reduction act, what to expect from COP27, carbon budget tracking
Overview Mitigation policy has become a major priority with a global commitment to the 2015 Paris Agreement. Government authorities also are making the climate a central part of their risk assessment. Companies therefore need to assess the impact global warming on the global economy and their business outlook. Oxford Economics offers a Global Climate Service that can help companies in this regard. What are the benefits?
Reporting. The climate databank will allow you to monitor and disclose climate-related financial risks in line with new reporting standards.
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Macro
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Strategic planning. Our scenario analysis and research will help you evaluate how the world’s economic landscape could evolve under various climate scenario narratives.
Global Climate Service
Global Climate Scenarios The service includes various pre-defined scenarios and a baseline covering a wide range of potential climate risks facing the world today. Examples include: Baseline: Governments implement further policies consistent with their stated and detailed commitments. The transition is insufficient to contain global warming well below 2°C. No Further Action: Governments fail to meet their policy pledges and the concentration of greenhouse gases in the atmosphere increases. Global temperatures rise to 2.3°C by 2050 which slows productivity growth, particularly in relatively warmer countries. Net Zero: Net zero carbon emissions are achieved around 2050 through immediate policy action and technological advances. Global warming slows to almost 1.5°C. The impact on the economy is modest with higher investment helping to offset carbon taxes. Delayed Transition: Climate policies designed to limit global warming are taken relatively late. Efforts to reach climate goals therefore require stronger policy action. An aggressive carbon tax policy creates substantial inflationary pressure. Furthermore, frictions in shifting towards renewables and limited carbon capture require vast gains in energy efficiency.
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"We were drawn to working with Oxford Economics for its solid reputation and the strength of its research, and we've been particularly impressed with your ability to present this to governments and the media - it's the reason we'd look for future opportunities to work together."
As of Q2 2022 we also provide model databases for subscribers to both online and desktop versions of our Global Economic Model. This allows users to overlay their own assumptions onto the pre-defined databases to see how the results change.
Testimonials
"To our knowledge the most robust, comprehensive, and timely world macroeconomic model is the Global Economic Model. We tested multiple world models, Oxford towered above the competition."
Oxford Economics specialises in three types of analysis: forecasts and models, economic impact, and thought leadership. If you would like to find out more about these services, please click below or visit www.oxfordeconomics.com/services-by-region.
Prologis
Global Climate Databank The databank provides access to detailed macroeconomic and climate change metrics. It allows clients to view the forecast and scenario data in tables, charts, and maps. Output includes: Country coverage: Covering over 50 countries including the major developed and emerging markets. Core macroeconomic variables: GDP and sub-components, current account, government finances, labour market, prices and wages, financial variables, and commodity prices. Climate change metrics: Carbon emissions, carbon capture, global temperatures, carbon tax, energy mix, electricity forecasts, energy intensity, energy demand, and supply Sectoral breakdown: Agriculture, mining, manufacturing, utilities, construction, business services, retail, transport, financial services, public administration, education, health, and other services Scenarios: Baseline, Net Zero, Net Zero Transformation, Delayed Transition, No Further Action, Slow & Constrained, Sustainable Development Forecast horizon: All data series will be available out to 2050
"Oxford Economics’ data and forecasts form the backbone of our demand models. The global consistency and granular detail available in their expansive dataset allows us to focus on the variables most relevant to our business."