Global Cooperation Is Not Necessary to Fight Climate Change
Efforts to promote multilateral coordination to mitigate climate risks are most likely doomed to to fail in today’s fraught geopolitical environment. But a global race to subsidize renewable energy may encourage the development of cheap sustainable technologies, sparking a twenty-first-century green revolution.
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PROVIDENCE – This week’s United Nations Climate Change Conference (COP27) in Egypt highlights the growing consensus that multilateral cooperation is necessary to avert environmental catastrophe. But with geopolitical tensions spiking and the US-China rivalry heating up, such efforts seem doomed to fail, much like previous efforts to promote global coordination on vaccines, trade, technological innovation, and macroeconomic policy.