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Professor Terry Barker

Professor Terry Barker

Honorary Professor, School of Environmental Sciences, University of East Anglia

Senior Department Fellow in the Department of Land Economy

Founder and Trustee of the Cambridge Trust fror New Thinking in Economics

A Director of Cambridge Econometrics Ltd.

Office Phone: +44 (0)1223 764878


TERRY BARKER was a Co-ordinating Lead Author for the IPCC’s Third and Fourth Assessment Reports 2001 and 2007, taking responsibility for chapters on cross-sectoral greenhouse gas mitigation. He contributed to the award of the Nobel Peace Prize to the IPCC in 2007. He is an applied economist with over 100 papers published mainly on the topics of economic modelling, international trade, and climate change mitigation. He has over 30 years of experience in building economic models for national economies and the global economy, including models for Botswana, Mexico and the global economy for OPEC. Much of his work 1995-2008 involved the modelling of policies to decarbonise the global and European economies. He is developing the theory underlying "New Economics", adopting the assumptions of diversity over people and institutions (not representative agents) in tastes and behaviour, varying economies of scale in production (not constant returns to scale), endogenous money in simulation models of open economic systems.

Subject groups/Research projects

Economics of Avoiding Climate Change:


  • input/output analysis

Key Publications

Barker, T.S. (1977) ‘International trade and economic growth: an alternative to the neoclassical approach’, Cambridge Journal of Economics, Vol. l, June l977, pp. l53-l72.

Barker, T. and de-Ramon, S (2006) ‘Testing the representative agent assumption: the distribution of parameters in a large-scale model of the EU 1972-98’, Applied Economic Letters, 13:395-398.

Barker, T., Scrieciu, Ş. S. and Taylor, D. (2008) ‘Climate change, social justice and development’, Development, 51: 317-324. doi:10.1057/dev.2008.33

Barker, T., Foxon, T. and Scrieciu, Ş. S. (2008), ‘Achieving the G8 50% target: modelling induced and accelerated technological change using the macro-econometric model E3MG’, Climate Policy Special Issue on ‘Modelling long-term scenarios for low-carbon societies’, 8: S30-S45

Barker, T. (2008) ‘The economics of avoiding dangerous climate change. An editorial essay on The Stern Review’, Climatic Change” 89:173-194. doi: 10.1007/s10584-008-9433-x

Barker, Terry (2010) ‘Endogenous money in 21 Century Keynesian economics’, chapter 6, pp. 202-239 in Philip Arestis and Malcolm Sawyer (eds) 21 Century Keynesian Economics, Palgrave Macmillan.

Barker, Terry (2011) ‘Towards a ‘new economics’: values, resources, money, markets, growth and policy’, chapter 2, pp. 39-76 in Philip Arestis and Malcolm Sawyer (eds) New Economics as Mainstream Economics, Palgrave Macmillan.


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A key area of research at 4CMR over the past 5 years has been the development of the Future Technology Transformation model, used in exploring how policies influence global technology and carbon. This includes an on-line visualisation tool so you can view our results.

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4CMR works closely with the Cambridge Centre for Environment, Energy and Natural Resource Governance, with overlapping interests, skills and projects. C-EENRG is also located in the Department of Land Economy, with a core mission to "conduct integrative research on the governance of environmental transitions, understood as social and technological processes driven by environmental constraints that lead to fundamental changes in social organisation."

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