Loss aversion: the concept every supplier should be utilising to tackle climate change

India Loader, South Wilts Grammar School

India Loader, from South Wilts Grammar School, is the winner of the third Bank of England/Financial Times schools blog competition. The competition invited students across the UK to write a post on the theme: the economy and climate change.

To help save the planet and gain a competitive edge, cafes should obey a basic rule of behavioural economics by switching from offering discounts for customers who bring their own cups in favour of charging more for disposable ones.

Continue reading “Loss aversion: the concept every supplier should be utilising to tackle climate change”

Thrive or dive: can our economy weather the climate crisis?

Marco Minasi-Smith, Fortismere School, London

Marco Minasi-Smith, from Fortismere School, London, is the runner-up of the third Bank of England/Financial Times schools blog competition. The competition invited students across the UK to write a post on the theme: the economy and climate change.

While Australia mourns the human and ecological cost of its ‘black summer’ of fires, the tragedy poses a question for economic policy-makers everywhere: how do we prevent climate crises becoming economic ones?

Continue reading “Thrive or dive: can our economy weather the climate crisis?”