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I have a new working paper with Matthew Ford looking at ‘Ergodicity Economics‘, which is an attempt to produce “a re-write of economic theory, taking account of the ergodicity question: are averages over time identical to expectation values (averages across the stochastic ensemble)?” In our paper we argue that ergodicity economics as currently theorised is

Business leaders and decarbonisation experts say a high level of collaboration and coordination is needed for transition Get our free news app; get our morning email briefing The regional powerhouses of Australia’s industrial economy could slash their greenhouse gas emissions by more than 80% and become centres for multibillion-dollar investments in renewable energy, according to

Lightning kills 21 and millions of homes submerged while armed forces asked to help amid continuing storms At least 25 people died as floods cut a swatch across north-eastern India and Bangladesh, leaving millions of homes underwater, authorities said on Saturday. In India’s Assam state, at least nine people died in the floods and 2

Urbanization disrupts landscapes and ecosystem functions, which poses threats to biodiversity, social systems, and human health, particularly among vulnerable populations. Urban land-use planners are faced with competing demands for housing, safety, transportation, and economic development and often lack tools to integrate these with protecting environmental functions. We identify three major barriers to integrating the benefits

‘Net zero’ global alliance of financial institutions, begun at Cop26, can still invest in coal and other fossil fuels Banks that have signed up to a global climate pledge, led by Mark Carney, a former governor of the Bank of England, can still invest unlimited amounts in coal mining and coal power, despite promises to

Mangrove forests in Tanzania are gazetted as state forest reserves, implying that exploitation is controlled by the state. However, their continued degradation and loss is largely associated to the inadequate enforcement of management measures against uncontrolled extractive exploitation to support local livelihoods. Local management institutions are therefore advocated to enhance mangrove conservation. This study explored

As capital swelters, India urges rich countries to provide funds to help deal with effects of climate crisis Throughout the day Virender Sharma splashes water from a bucket on to the sheet he has pulled over his lilies, tuberoses, carnations and gerberas in an attempt to protect them from the hot, dry wind sweeping through