The E-axes Forum on Climate Change, Macroeconomics, and Finance

Silvana Tenreyro

“Climate-Change Pledges, Actions and Outcomes”

Event description

This is the first webinar in our series on “Climate change mitigation policies and international agreements.”

Silvana will present findings from her recent paper (with Tiloka de Silva), “Climate-Change Pledges, Actions and Outcomes.”

From the abstract:

We study countries’ compliance with the targets pledged in international climate-change agreements and the impact of those agreements and specific climate laws and policies on greenhouse-gas emissions and economic outcomes. To do so, we compile and codify data on international agreements and measures enacted at the national and sub-national levels. We find that compliance with targets has been mixed. Still, countries that signed the Kyoto Protocol or the Copenhagen Accord experienced significant reductions in emissions when compared to non-signatories. Having quantifiable targets led to further reductions. Effects from the Paris Agreement are not yet evident in the data. Carbon taxes and the introduction of emission-trading schemes led to material reductions in emissions. Other climate laws or policies do not appear to have had, individually, a material effect on emissions. The impact on GDP growth or inflation from most measures was largely insignificant. Overall, much more ambitious targets would be needed to offset the impact of economic and population growth on emissions and contain the expansion of the stock of gases.


You can find the data file here.


Stephen Cecchetti
Professor and Rosen Family Chair in International Finance, Brandeis International Business School

Silvana Tenreyro

Silvana Tenreyro is Professor in Economics at the London School of Economics and an external member of the Monetary Policy Committee (MPC) of the Bank of England. She obtained her MA and PhD in Economics from Harvard University. Before joining the Bank, she was co-Director and Board member of the Review of Economic Studies and Chair of the Women’s Committee of the Royal Economics Society. She is a Fellow of the British Academy (FBA). Since 1 January 2021, she is the President of the European Economic Association. In the past, Silvana worked at the Federal Reserve Bank of Boston and served as external Monetary Policy Committee member for the Central Bank of Mauritius. She has also been Director of the Macroeconomics Programme at the International Growth Centre, Chair of the Women in Economics Committee of the European Economic Association, and Member at Large of the European Economic Association. She is also a lead academic at the Centre for Macroeconomics and Research Associate at the Centre for Economic Performance and the Centre for Economic Policy Research. Her main research interests are macroeconomics – particularly monetary policy – international economics and macro-development.

Paper and slides

Climate-Change Pledges, Actions and Outcomes (Paper)

Climate-Change Pledges, Actions and Outcomes (Slides)



Related Webinars

September 9, 2024
Catherine D. Wolfram
Professor of Energy Economics
MIT Sloan School of Management
June 18, 2024
Zacharias Sautner
Professor of Sustainable Finance
University of Zurich
June 10, 2024
Eric Jondeau
Professor of Finance
HEC Lausanne

Upload Research

  • Accepted file types: pdf, Max. file size: 50 MB.
  • This field is for validation purposes and should be left unchanged.

Subscribe to Our Newsletter

  • This field is for validation purposes and should be left unchanged.

Donate Now