Under the Kyoto Protocol, the Clean Development Mechanism (CDM) is designed to serve the dual purposes of allowing the industrialised countries to earn credits by investing in project activities that reduce greenhouse gas (GHG) emissions, while contributing to sustainable development in developing countries via the flows of technology and capital. The fact that the geographic distribution of CDM projects is highly uneven motivates this research into whether certain geographic endowments matter for the CDM development.
Terry is Founder of the Cambridge Trust for New Thinking in Economics, an educational charity that organises conferences and workshops on economics that avoids the concepts of equilibrium and unrealistic assumptions such as representative agents and complete rationality in human behaviour. He is Chairman of Cambridge Econometrics, the company owned by the Trust, which carries out modelling research for business and government. He is also Senior Department Fellow, Cambridge Centre for Climate Change Mitigation Research (4CMR), Department of Land Economy, University of Cambridge. He was the Founder and Director of the Centre from 2005 to 2011.
He was a Co-ordinating Lead Author (CLA) for the IPCC´s Fourth Assessment Report reporting in 2007, taking responsibility for the chapter on greenhouse gas mitigation from a cross-sectoral perspective. He was earlier a CLA for the IPCC´s Third Assessment Report and a member of the core writing team for the Synthesis Report Climate Change 2001.
He is a member of the Scientific Advisory Board of the World Wide Views on Global Warming, and a member of Editorial Boards of International Journal of Climate Strategies and Management, of the International Journal of Global Warming and of Economic Systems Research.
Systematic modelling of policies to achieve climate stabilisation; Ex post evaluation of the UK Climate Change Levy; The effects of global warming on energy demand; Real carbon prices and long-term economic growth.