Grantham Research Institute, London School of Economics
The Grantham Research Institute on Climate Change and the Environment was established by the London School of Economics and Political Science in 2008 to create a world-leading centre for policy-relevant research and training on climate change and the environment, bringing together international expertise on economics, finance, geography, the environment, international development and political economy.



The Institute’s vision is a world in which climate change and other global environmental challenges are managed effectively to promote prosperity and well-being.

The purpose of the Institute is:

  • to increase knowledge and understanding by performing world-class research on climate change and the environment;
  • to promote better informed decision-making about climate change and the environment by engaging with a wide range of key audiences around the world; and
  • to educate and train new generations of researchers through our undergraduate and postgraduate programmes.

The Institute’s principles are:

Independence: We carry out research and other work without interference from our sponsors and supporters.

Rigour: We base our research findings and views on robust evidence and reasoning, and not on ideology.

Internationalism: We are located in the UK, but we aim to advance understanding and inform decision-making across the world.

Leadership: We seek to guide thinking, discussion and decision-making in the UK and beyond on effective solutions to global environmental challenges.

Collaboration: We are committed to working effectively together and with our partners in the UK and across the world.
Engagement: We work constructively with decision-makers among the public, businesses and policy-makers.

Fulfillment: we seek to create an environment in which staff and students can flourish and achieve their full potential, to the benefit of themselves and the Institute.

Nick Robins

Professor in Practice for Sustainable Finance, Grantham Research Institute, London School of Economics

Find out more
Policy Recommendation(s) / June 2023
Enabling Place-based Climate Action in the UK: The PCAN Experience

This report takes stock of local climate action in the UK as of early 2023 and summarises the experience of the Place-based Climate Action Network (PCAN) over the last five years, through analysis, reflections, survey evidence and case studies – from locations including Edinburgh, Leeds, Preston, Belfast, London and Bristol. It provides recommendations to stakeholders including local authorities, local communities and businesses, and national government and the devolved administrations.

Availability : Free
SDG Focus Areas :
Academic / July 2023
The Social Value of Offsets

In this paper the authors develop a method to establish the value of temporary offset projects with a given risk of failure and show that this value is always positive. They find that to compensate for one tonne of fossil fuel emissions, 2 to 3 tonnes of carbon need to be stored in a forest if the project stops being additional after 50 years. The current practice of offsetting 1 tonne of fossil fuels against 1 tonne of carbon stored in nature-based solutions is in fact an eternal contract, because the projects need to store the carbon for eternity to be equivalent.

Availability : Free
SDG Focus Areas :

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