Visiting Senior Fellow
Grantham Research Institute on Climate Change and the Environment
Michael also undertakes economic consultancy work for NERA Economic Consulting and other bodies, including the OECD and the World Bank, and often with academic team members. This has included recent work for the Department of Transport and the Health and Safety Executive on the valuation of fatality and injury risks, for the Department for Environment, Food and Rural Affairs (Defra) on the monetisation of climate change adaptation costs, and for the government Social Impacts Task Force on the handling of non-monetisable factors alongside cost benefit analysis.
The history, international practice and continuing controversies surrounding social discounting; Relationships between the worlds of decision analysis and economics, and how their application, and mutual comprehension of their respective strengths and limitations, might be improved, at least within government.