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The Green Economy

Regulation

Electricity Markets Must Liberalize if We Are To Decarbonize Energy

Matteo Romagnoli
In new research, Matteo Romagnoli argues that for the electricity sector to decarbonize as part of the broader green transition, regulators must liberalize markets...
Fiscal Policy

Biden’s Second-Best Economic Agenda

Walter Frick
Efficiency is out and political economy is in. But what does that imply about making good policy? When Barack Obama was asked about carbon pricing...
Fiscal Policy

Are Sovereign Green Bonds Anything More than a Fad?

Daniel C. Hardy
It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently designed have...
Research

Policies To Reduce GHG Emissions Should Look to Agricultural Carbon Markets

Oranuch Wongpiyabovorn
As governments and companies look for ways to reduce greenhouse gas emissions, agricultural sequestration offers one promising method to combat climate change. However, for...
Commentary

Enrolling Capitalism in the Fight Against Climate Change

Alessio Terzi
Environmentally conscious critics of contemporary capitalism often highlight the system’s permissiveness toward egregious pollutant activities, typically enjoyed by the ultra-wealthy. Using private jet ownership...
Research

Investors Are Failing To Take into Account the Green Transition

Shaojun Zhang
A stock market that has priced in the transition risk away from greenhouse gasses would see higher future returns, the so-called carbon premium, for...
Industrial Policy

The Case for Green Industrial Policy

John Van Reenen
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Democracy

Climate Change Is Shifting Voter Behavior in Low-Income Countries

Amrit Amirapu
Farmers in low-income countries have multiple channels through which they respond to climate change. Some switch to growing more heat-resilient crops or crops that...
News

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Alessio Terzi
Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to mitigate climate...
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