The Economics of Climate Change
Topic: Our Global Climate Service explores the economic consequences of climate change. Using the recent enhancements to our Global Economic Model we explore three scenarios that look at both the potential physical risks from climate change as well as the potential consequences of transitioning to a low carbon economy.

James Nixon
Head of Thematic Research

James Nixon
Head of Thematic Research
James Nixon | Head of Thematic Research
James is Head of Thematic Research at Oxford Economics and is responsible for delivering in-depth analysis to inform OE’s long-term economic forecasts.
He brings to Oxford Economics extensive experience having worked both in the private and public sector. James oversaw the international forecast at the Bank of England and was forecast coordinator at the European Central Bank, presenting the respective staff forecasts to the policy making committees of both institutions. He was for seven years Chief European Economist at Société Générale and was most recently Chief Economist at TheCityUK, where he undertook extensive work on the economic impact of Brexit. He holds a PhD in applied macro-econometric modelling from the University of London and a degree in Natural Science. James has a keen interest in resource constraints and the limits they imply for growth. His current research interests include the economic impact of climate change and the clean energy transition. Previously James was Chief European Economist at OE where his European team won the Focus Economics’ award for most accurate European forecasts for three consecutive years.

Felicity Hannon
Associate Director, Stress Testing, Scenarios and Financial Modelling

Felicity Hannon
Associate Director, Stress Testing, Scenarios and Financial Modelling
Felicity Hannon | Associate Director, Stress Testing, Scenarios and Financial Modelling
Felicity Hannon is an Associate Director in the Stress Testing, Scenarios and Financial Modelling Team based in London and Oxford. She is specialised in bespoke scenario analysis, regulatory stress testing and macro-modelling.
During her time at Oxford Economics, Felicity has specialised in scenario analysis aimed at quantifying the impacts of exogenous policy shocks such as sanctions. She has worked on a number of model development projects which involved building bespoke and integrated financial models for international clients and she has been involved in regulatory stress tests, including the BoE’s Annual Cyclical Scenario and the IFRS9 service.
Related Services

Event
Global travel growth opportunities amid tariff and trade uncertainty
2025 is off to an interesting start for global travel. Two months into his second term, President Trump has begun to implement tariffs on China, Canada, Mexico and the EU and has signalled he may go further on these measures and recent data is beginning to shed light on the potential impacts on travel. In this webinar, we examine who has the most to lose in the global trade war and what opportunities remain across global travel activity.
Find Out More
Event
Trump & the Travel Industry: Key Impacts and Latest Outlook
Much has changed in the political landscape since Trump's inauguration over 60 days ago. Join us as our top economists dig into the latest implications for global travel—especially as many critical policies stand to reshape the industry's outlook in the years ahead.
Find Out More