The Best Climate Policy Puts Carrots Before Sticks
* opinion. Alas no, it's not.
Gernot Wagner is a climate economist at Columbia Business School.
Nov 8, 2024 Gernot Wagner notes that the president-elect’s proposed policies will mainly harm America, not the global energy transition.
Aug 8, 2024 Monika Schnitzer & Gernot Wagner show how the sequencing of positive and negative inducements can make all the difference.
May 1, 2024 Alessio Terzi & Gernot Wagner show why shrinking the global economy, as envisaged by advocates of degrowth, is a bad way to cut emissions.
Apr 5, 2024 Gernot Wagner & Shang-Jin Wei explains why the United States and the European Union are considering tariffs – and why that’s a bad idea.
Mar 4, 2024 Gernot Wagner doubts that a change of power in the United States would derail the long-term trends that really matter.
US President-elect Donald Trump campaigned on a promise to take a confrontational approach to China, with tariffs as his weapon of choice. But unless his administration adopts a measured approach, his plans may end up harming American businesses and consumers, undermining US democracy, or even leading to military confrontation.