Energy, Climate, New Economic Thinking​

Category: Climate Policy

Federal Report Warns of Financial Havoc From Climate Change

A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions. New York Times

Our Final Warning: Six Degrees of Climate Emergency by Mark Lynas

If we stay on the current business-as-usual trajectory, we could see two degrees as soon as the early 2030s, three degrees around mid-century, and four degrees by 2075 or so. If we’re unlucky with positive feedbacks…from thawing permafrost in the Arctic or collapsing tropical rainforests, then we could be in for five or even six degrees by century’s end. New York Review of Books

Climate 101: A crash course on climate change

This is a seven-day New York Times crash course on climate change, in which reporters from the Times’s Climate desk address the big questions: 1.How bad is climate change now? 2.How do scientists know what they know? 3.Who is influencing key decisions? 4.How do we stop fossil fuel emissions? 5.Do environmental rules matter? 6.Can insurance protect us? 7.Is what I do important? New York Times

Gernot Wagner: The True Price of Carbon

For decades, economists have been wrestling with how best to weigh the current cost of emissions reductions against costs that will come years or even centuries from now. But a consensus has proved to be elusive, because traditional economic models don’t treat atmospheric carbon like an asset. Project Syndicate

A Cold War lesson for the climate change era: Why we need a Fossil Fuel Non-Proliferation Treaty

UN climate negotiations alone are unlikely to result in the rapid decarbonization that is needed. Now is the time for a new international treaty to get to the root of the problem, by addressing fossil fuel supply—with wealthy nations moving first and fastest. Drawing on the model of the nuclear treaty, a Fossil Fuel Non-Proliferation Treaty, like the nuclear treaty before it, would be constructed around three main pillars: non-proliferation, disarmament, and peaceful use. Bulletin of the Atomic Scientists

Accelerating the Low Carbon Transition – The case for stronger, more targeted and coordinated international action

Stopping emissions requires fundamental innova-tion, rapid diffusion of new technologies, and the reshaping of markets and socioeconomic systems. This requires actions far beyond simply putting a price on carbon or adopting bold emissions goals. A more targeted, hands-on and strategic approach to policymaking is required to reconfigure the tech-nologies, business models, infrastructure and mar-kets in each of the greenhouse gas-emitting eco-nomic sectors. The Energy Transitions Commission