Prof Cameron Hepburn, Sugandha Srivastav and Dr Steve Smith in conversation: "Sensitive intervention points for Net Zero"

08 February 2021

Portrait of Professor Cameron Hepburn

with Professor Cameron Hepburn
Battcock Professor of Environmental Economics

Cameron Hepburn is co-Director of the Economics of Sustainability Programme, based at the Institute for New Economic Thinking at the Oxford Martin School. He is the Battcock Professor of Environmental Economics at the Smith School of Enterprise and t...

Portrait of Dr Sugandha Srivastav

with Dr Sugandha Srivastav
Postdoctoral Researcher in Environmental Economics

Sugandha’s research interests include the economics of clean innovation, the political economy of energy transitions and the design of climate policies in low and middle-income countries. Sugandha has worked on climate policies and green industrial...

Achieving net zero emissions involves an economic transformation on a scale comparable to the Victorian era, when the foundations of the infrastructure used in the United Kingdom today were put in place.

The scale of the transformation ahead implies that, if successful, our generation will justly be considered the “Victorians of the 21st century".

In the fourth discussion in the Oxford Net Zero Series, hosted by the Oxford Martin School, Professor Cameron Hepburn, Director of the Smith School of Enterprise and the Environment, and Sugandha Srivastav consider the economics of the key technologies, which are increasingly positive. The costs of renewables, batteries and electric vehicles continue to fall. Similar trends are emerging in low-carbon hydrogen and ammonia, which can decarbonise major parts of heavy industry, as well as some long-distance transportation. As further deployment and innovations cut costs, it is no longer entirely implausible that net zero emissions could be achieved at net zero cost (even ignoring significant co-benefits and large benefits from avoiding the worst climate impacts).

The talk examines potential sensitive intervention points organised into the nine categories, with a particular focus on technological interventions to accelerate progress to net zero.