Project Leader: Dr. Rajat Kathuria
Research Team: Professor Anwarul Hoda (Agriculture), Dr. Meenu Tewari (Cities), Dr. Anant Sudarshan (External Consultant, Energy), Dr. Purnamita Dasgupta (External Consultant, Macro Models), M. S. Mani, Dr. Ashok Gulati (Advisers), and Dr. Kirit S. Parikh (External Cons
Commencement: January 2014
Funded by: World Resources Institute, Washington DC

A major new global initiative was launched today on the economics of climate change. Overseen by an eminent group of former heads of government and finance ministers and leaders in the fields of economics, business and finance, and backed by seven research institutes on six continents, the Global Commission on the Economy and Climate will provide new, independent evidence on the economic opportunities and costs of acting on climate change. Its New Climate Economy project will report in September 2014 with recommendations on the policies that can simultaneously deliver better economic growth and address climate risks. Chaired by former President of Mexico Calderon, the project aims to inform the global debate about economic policy, and to influence government policy choices and business investment decisions in the run up to the international climate negotiations in 2015.

The Research Partners
The research institutes in the partnership are the Climate Policy Initiative, Ethiopian Development Research Institute, Global Green Growth Institute, Indian Council for Research on International Economic Relations, Stockholm Environment Institute, Tsinghua University, and World Resources Institute.

The initiative has been commissioned by six countries (Colombia, Ethiopia, Indonesia, Korea, Norway, Sweden and the UK) as an independent initiative.

The Advisory Panel
An Advisory Panel of world-leading economists, chaired by Nicholas Stern and including Nobel Prize winner Daniel Kahneman, will carry out an expert review of the work. Dr. Isher Judge Ahluwalia, Chairperson of the Indian Council for Research on International Economic Relations (ICRIER), will serve as a member of the Economic Advisory Panel along with nine other eminent economists.

Research and Engagement
The project will conduct research and engage directly with key decision makers in finance ministries and with major businesses and investors, and work with leading economic organizations, such as the World Bank and International Monetary Fund. It will also invite contributions from a wide variety of academic, business and other institutions.

TheNew Climate Economy projectwill publish its comprehensive analysis in September 2014, a year before the culmination of negotiations for a new international climate agreement in Paris in 2015. The Commission will then take its findings and recommendations directly to heads of government, finance and economic ministers, business leaders, investors and city mayors throughout the world.

The New Climate Economics by Felipe Calderon and Nicholas Stern