The Grantham Research Institute on Climate Change and the Environment is a research institute at the

London School of Economics and Political Science , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

founded in May 2008. The centre is a partner of the

Grantham Institute for Climate Change Grantham () is a market and industrial town in the South Kesteven district of Lincolnshire, England, situated on the banks of the River Witham and bounded to the west by the A1 road. It lies some 23 miles (37 km) south of the Lincoln and ...

Imperial College Imperial College London (legally Imperial College of Science, Technology and Medicine) is a public research university in London, United Kingdom. Its history began with Prince Albert, consort of Queen Victoria, who developed his vision for a cu ...

and acts as an umbrella body for LSE's overall research contributions to the field of

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to E ...

and its impact on the environment. Furthermore, the institute oversees the activities of the

Centre for Climate Change Economics and Policy The Centre for Climate Change Economics and Policy (CCCEP) is a climate change research centre in England, which studies the economics of global warming. It is hosted jointly by the University of Leeds and the London School of Economics and Politi ...

(CCCEP), a partnership between LSE and the

University of Leeds , mottoeng = And knowledge will be increased , established = 1831 – Leeds School of Medicine1874 – Yorkshire College of Science1884 - Yorkshire College1887 – affiliated to the federal Victoria University1904 – University of Leeds , ...

. The institute is currently chaired by Lord

Nicholas Stern Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946 in Hammersmith) is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Cli ...

of Brentford, former

Chief Economist Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of respons ...

of the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

and author of the widely known

Stern Review The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environm ...

. Bob Ward is the policy and communications director.

History

Both Grantham research centres are sponsored through the Grantham Foundation for the Protection of the Environment, established by Hannelore and

Jeremy Grantham Robert Jeremy Goltho Grantham (born 6 October 1938) is a British investor and co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo (GMO), a Boston-based asset management firm. GMO had more than US$118 billion in a ...

in 1997. The combined investments totalling approximately £24 million is recognised as one of the largest private contributions to climate change research. CCCEP is funded independently by the

ESRC The Economic and Social Research Council (ESRC), formerly the Social Science Research Council (SSRC), is part of UK Research and Innovation (UKRI). UKRI is a non-departmental public body (NDPB) funded by the UK government. ESRC provides fundi ...

. In September 2015, the institute hosted an

Open Energy Modelling Initiative The Open Energy Modelling Initiative (openmod) is a grassroots community of energy system modellers from universities and research institutes across Europe and elsewhere. The initiative promotes the use of open-source software and open data ...

workshop. In October2021, the institute published a working paper by

stating that economists had grossly undervalued young lives.

Research

The research of the institute is characterised by its interdisciplinary nature and brings together international expertise on

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

geography Geography (from Greek: , ''geographia''. Combination of Greek words ‘Geo’ (The Earth) and ‘Graphien’ (to describe), literally "earth description") is a field of science devoted to the study of the lands, features, inhabitants, and ...

, the

environment Environment most often refers to: __NOTOC__ * Natural environment, all living and non-living things occurring naturally * Biophysical environment, the physical and biological factors along with their chemical interactions that affect an organism or ...

international development International development or global development is a broad concept denoting the idea that societies and countries have differing levels of economic or human development on an international scale. It is the basis for international classifications ...

and

political economy Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied ph ...

, as the centre's academic staff comprise a broad range of disciplines, including

physicists A physicist is a scientist who specializes in the field of physics, which encompasses the interactions of matter and energy at all length and time scales in the physical universe. Physicists generally are interested in the root or ultimate caus ...

, climatologists,

economists An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

statisticians A statistician is a person who works with theoretical or applied statistics. The profession exists in both the private and public sectors. It is common to combine statistical knowledge with expertise in other subjects, and statisticians may wor ...

political scientists This is a list of notable political scientists. See the list of political theorists for those who study political theory. See also political science. A * Robert Abelson - Yale University psychologist and political scientist with special int ...

and various other

social scientists Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of soc ...

References

External links

*
Imperial College London, Grantham Institute for Climate ChangeAbout the Centre for Climate Change Economics and Policy
(CCCEP) London School of Economics Educational institutions established in 2008 2008 establishments in England Research institutes in London Research institutes established in 2008 {{UK-university-stub