Climate policy in the US
The US should make drastic cuts to its greenhouse gas emissions according to the three most plausible principles of fairness that can be applied to climate change.
Is the Paris Accord Unfair to America?
By: Peter Singer – Princeton University
This is a comprehensive list of the executive energy and climate measures the Trump administration has taken during its first 100 days. Mehling argues that since the 1970s the US is caught in a perpetual cycle of climate policy support and opposition depending on whether the president is a Democrat or a Republican. Finding a middle ground with a climate policy that enjoys bipartisan approval might lead to a more moderate climate progress but would mitigate the disruption of the extreme shifts caused after every transition of power.
A New Direction for US Climate Policy: Assessing the First 100 Days of Donald Trump’s Presidency
Author: Michael Mehling
From: MIT
Recent research
Getting energy prices right could reduce global carbon dioxide emissions by about 25 percent according to Jovanovic’s research. 32 countries have reformed their subsidies since 2014 by increasing their energy prices; 17 of them are oil exporting countries.
Fueling reform
Author:Maria Jovanović
From: IMF
Matikainen, Campiglio and Zenghelis find that both the ECB and the Bank of England’s QE corporate bond purchases are skewed towards high-carbon sectors. This skew reduces the cost of capital in high-carbon sectors and encourages additional debt issuance. As a result, the QE corporate bond purchases program is in contradiction to fiscal and financial policies aimed at “achieving a rapid and smooth transition to a low-carbon economy”.
The climate impact of quantitative easing
Authors: Sini Matikainen, Emanuele Campiglio, Dimitri Zenghelis
From: LSE
Julia Puaschunder presents a macroeconomic cost-benefit analysis thereby aids to find the optimum solution on how to distribute climate change benefits and burden within society.
Climate in the 21st century: A macroeconomic model of fair global warming benefits distribution to grant climate justice around the world and over time
Author: Julia M. Puaschunder
From: Columbia University
