Environmental economics

Research publications

Cameron Hepburn , Matthew C. Ives , Sam Loni , Penny Mealy , Pete Barbrook-Johnson , J. Doyne Farmer , Nicholas Stern , Joseph Stiglitz. “Economic models and frameworks to guide climate policy,” Oxford Review of Economic Policy (2025)
Lennart Baumgärtner and J. Doyne Farmer. “Will national renewable costs continue declining?” INET Oxford Working Paper Series No. 2025-12 (2025).
Anna Berryman , Joris Bucker , Fernanda Senra de Moura , Pete Barbrook-Johnson , Marek Hanusch , Penny Mealy , J. Doyne Farmer, R. Maria del Rio-Chanona. “Skill and spatial mismatches for sustainable development in Brazil”. INET Oxford Working Paper 2025-08 (2025)
Joris Bucker, R. Maria del Rio-Chanona, Anton Pichler, Matthew C. Ives, and J. Doyne Farmer. “Employment dynamics in a rapid decarbonization of the US power sector,” Joule (2025)

Lennart Baumgärtner , Rupert Way , Matthew Ives , and J. Doyne Farmer. “The need for better statistical testing in data-driven energy technology modeling,” Joule (2024)

Peter Barbrook-Johnson, Simon Sharpe, Roberto Pasqualino, Fernanda Senra de Moura, Femke Nijsee, Pim Vercoulen, Alex Clark, Cristina Penasco, Laura Diaz Anadon, Jean-Francois Mercure, Cameron Hepburn, J. Doyne Farmer, and Timothy M. Lenton. “New economic models of energy innovation and transition.” Report (2023).

Rupert Way, Penny Mealy and J. Doyne Farmer. “Estimating the costs of energy transition scenarios using probabilistic forecasting methods.” INET Oxford Working Paper No. 2021-01, (2020).
Cameron Hepburn and J. Doyne Farmer. “Less precision, more truth: uncertainty in climate economics and macroprudential policy.” In Handbook on the Economics of Climate Change, pp420-438. Eds Graciela Chichilnisky and Armon Rezai, Edward Elgar Publishing, 2020.
Josep Perelló, Miquel Montero, Jaume Masoliver, .J Doyne Farmer & John Geanakoplos, “Statistical analysis and stochastic interest rate modeling for valuing the future with implications in climate change mitigation”, Journal of Statistical Mechanics: Theory and Experiment, vol 2020 (2020).

Rupert Way, Francois Lafond, Fabrizio Lillo, Valentyn Panchenko and J. Doyne Farmer, “Wright meets Markowitz: How standard portfolio theory changes when assets are technologies following experience curves”, Journal of Economic Dynamics and Control, 101(April), pp.211-238, (2019).

J. Doyne Farmer, Cameron Hepburn, Matthew C. Ives, Thomas Hale, Thom Wetzer, Penny Mealy, Ryan Rafaty, Sughanda Srivastav & Rupert Way, “ Sensitive intervention points in the post-carbon transition”, Science, 364(6436), pp. 132-134, (2019).

.Lafond, A. G. Bailey, J. D. Bakker, D. Rebois, R. Zadourian, P. McSharry, & J. D. Farmer, “How well do experience curves predict technological progress? A method for making distributional forecasts”, Technological Forecasting and Social Change, 128 (March), pp.104-117.

J. Doyne Farmer, Alex Teytelboym, Penny Mealy and Cameron Hepburn, “A Third Wave in the Economics of Climate Change.” Environmental Resource Economics 62, 2, 329 – 357 (2015).
J. Doyne Farmer, John Geanakoplos, Jaume Masoliver, Miquel Montero and Josep Perello, “Value of the Future: Discounting in Random Environments.” Physical Review E 91, 052816 (2015).

Cameron Hepburn, Eric Beinhocker, J.Doyne Farmer and Alexander Teytelboym, “Resilient and Inclusive Prosperity within Planetary Boundaries.” China and World Economy 22 (5) 76-92 (2014).

J. Doyne Farmer, John Geanakoplos, Jaume Masoliver, Miquel Montero and Josep Perello, “Discounting the Distant Future.” Journal of Public Economics, (2013).

James McNerney, J. Doyne Farmer, and Jessika Trancik, “Historical Costs of Coal-Fired Electricity and Implications for the Future." Energy Policy 39(6) (2011): 3042-3054.

Charles D. Ferguson, Lindsey E Marberger, J. Doyne Farmer and Arjun Makhijani, “A US Nuclear Future?” Nature (2010)