South Asia

Divestment is a prominent strategy championed by activists to induce positive social change. For example, the current fossil fuel divestment movement includes over 1,500 institutions that control $40 trillion in assets. A primary pathway through which divestment is theorized to be effective is by influencing public beliefs and policy preferences, thus pressuring policymakers to take action. However, prior research only tests this argument via qualitative case studies. The authors assess the impact of exposure to information about fossil fuel divestment on public opinion through the use of national survey experiments in three major greenhouse gas emitters: the U.S., India, and South Africa.

President-elect Joe Biden’s decision to create a new cabinet-level position for climate-related issues — and to choose so prominent a figure as former Secretary of State John Kerry to fill it — demonstrates Biden’s sincerity over putting climate at the very center of U.S. foreign policy. It is easy to understate the importance of this appointment, given the flurry of czars created by most new administrations.

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.

Kaveri Iychettira and Afreen Siddiqi explain why computational modelling is a useful tool, especially when stakes are high and resources are constrained, and detail why developing countries should build capacity for it. 

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Fifteen Minutes sat down with Professor Robert N. Stavins, Director of the Harvard Environmental Economics Program, to talk about cap-and-trade, the Peace Corps, and what individuals can do to combat climate change.