Found 20 article(s) for author 'Climate Change'

Reviewing the Climate Crisis Town Hall

Reviewing the Climate Crisis Town Hall. Joseph Aldy, September 8, 2019, Audio, “Host Steve Curwood sits down with Joe Aldy, economist and Professor of Public Policy at the Harvard Kennedy School, to take a look at carbon pricing, a just transition for fossil fuel workers, and other key topics from the climate crisis town hall.Link

 

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William Hogan on Electricity Markets, Solutions for Climate Change, and Carbon Tax Policy

William Hogan on Electricity Markets, Solutions for Climate Change, and Carbon Tax Policy August 2019. GrowthPolicy’s Devjani Roy interviewed William Hogan, Raymond Plank Research Professor of Global Energy Policy at Harvard Kennedy School and Research Director of the Harvard Electricity Policy Group, on electricity markets, climate change, and carbon tax policy. | Click here for […]

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Climate Change, Climate Policy, and Economic Growth

Climate Change, Climate Policy, and Economic Growth. James Stock, July 1, 2019, Paper, “The topics of climate change and climate change policy encompass a complex mixture of the natural sciences, economics, and a mass of institutional, legal, and technical details. This complexity and multidisciplinary nature make it difficult for thoughtful citizens to reach their own conclusions on the topic and for potentially interested economists to know where to start. This essay aims to provide a point of entry for macroeconomists interested in climate change and climate change policy but with no special knowledge of the field. I therefore start at the beginning, with some basic background on climate change, presented through the eyes of an econometrician. I then turn to climate policy in the United States. That discussion points to a large number of researchable open questions which macroeconomists are particularly well-suited to tackle.Link

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3 Ways Investors Can Pressure Companies to Take Sustainability Seriously

3 Ways Investors Can Pressure Companies to Take Sustainability Seriously. George Serafeim, June 23, 2019, Paper, “Climate change and other environmental, social, and governance (ESG) issues are not political or partisan topics, and not limited to niche investors. Measuring and analyzing ESG information is becoming an important activity for any investor who seeks to optimize risk and return —a growing body of evidence shows that companies with strong ESG policies produce better financial results. Academic research analyzing 2,000 U.S. companies from 1993 to 2014 shows higher profit margins and superior risk-adjusted returns for those that made significant ESG investments to improve their performance on industry-specific material ESG…Link

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For International Cap-and-Trade in Carbon Permits, Price Stabilization Introduces Secondary Free-Rider-Type Problems

For International Cap-and-Trade in Carbon Permits, Price Stabilization Introduces Secondary Free-Rider-Type Problems. Martin Weitzman, June 7, 2019, Paper, “In this brief note (Without holding them responsible for errors, omissions, or interpretations, I am grateful for constructive comments on an earlier version of this note by Joseph Aldy, Severin Borenstein, Maureen Cropper, Carolyn Fischer, Meredith Fowlie, Lawrence Goulder, Geoffrey Heal, N. Gregory Mankiw, Michael Mehling, Gilbert Metcalf, Adele Morris, Ian Parry, William Pizer, Simon Quemin, Andrew Schein, Richard Schmalensee, E. Somanathan, Robert Stavins, David Victor, and Gernot Wagner.), I take the initial allocation of carbon emissions as a prototype international public goods problem. Overcoming the free-rider problem in carbon emissions is central to a successful comprehensive international climate-change agreement. Volunteerism alone may go part way, but is unlikely to fully adequately overcome this free-rider problem. (The numerical values of the pledged “Nationally Determined Contributions” under the Paris Agreement are voluntary, although the Paris Agreement itself may help constructively by laying a legal foundation for participation, reporting, verification, transparency, and trust.)Link

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International Commitments and Domestic Opinion: The Effect of the Paris Agreement on Public Support for Policies to Address Climate Change

International Commitments and Domestic Opinion: The Effect of the Paris Agreement on Public Support for Policies to Address Climate Change. Dustin Tingley, January 2019, Paper, “The Paris Agreement marked a new turn in international environmental agreements, by allowing each country to set its own non-binding goals for emissions reductions. How might purely voluntary international commitments affect domestic support for costly policies to address climate change? We investigated this question by administering survey experiments in the U.S. Our experiments supported three conclusions. First, even voluntary international commitments transformed public opinion. Public support emissions control policies was much higher in scenarios where the U.S. government had joined the Paris Agreement than in scenarios where it had not. Second, voluntary commitments were most consequential in boosting support for policies that imposed intermediate costs on the public, while having smaller effects on policies involving low or high costs. Finally, our experiments exposed the dangers of promising too much (overpledging) or too little (underpledging). These findings have important implications for the design and consequences of international agreements.Link

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Linking climate policies to advance global mitigation

Linking climate policies to advance global mitigation. Robert Stavins, March 2, 2018, Paper, “The November 2017 negotiations in Bonn, Germany, under the auspices of the United Nations Framework Convention on Climate Change (UNFCCC) validated that the Paris Agreement has met one of two necessary conditions for success. By achieving broad participation, including 195 countries, accounting for 99% of global greenhouse gas (GHG) emissions (1), the agreement dramatically improves on the 14% of global emissions associated with countries acting under the Kyoto Protocol (2), the international agreement it will replace in 2020.Link

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Just transitions: A humble approach to global energy futures

Just transitions: A humble approach to global energy futures. Sheila Jasanoff, November 2, 2017, Paper, “Persistent mismatches between problems, policy framings, and solutions point to unsettled ethical conundrums in the ways that the energy transition is being imagined at the centers of global power. First, development is too often seen as the means to achieve more sustainable futures, even though experience points to complex and uncertain relationships between prosperity and sustainability. Second, while technological change is seen as essential to the transition, less attention is paid to the fact that disparities within societies demand differentiated solutions. Third, there are few principles in place for how to effect an energy transition with due attention to social justice in an unequal world. This article reflects on all three points.Link

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Lessons Learned from Cap-and-Trade Experience

Lessons Learned from Cap-and-Trade Experience. Robert Stavins, 2017, Paper, “Article 6 of the Paris Agreement provides for cooperation among Parties to meet their collective GHG emissions-reduction targets, including through linkage. The simplest way for this to occur is by linking cap-and-trade systems, although linkage of heterogeneous policies, including carbon taxes and performance standards, is also possible in principle.1 Linkages between well-designed national (or subnational) cap-and-trade systems can lower global mitigation costs and improve the functioning of national markets.Link

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