Environment & Climate Change

The authors explore an essential element in the portfolio of climate solutions required to rapidly achieve net zero emissions — flue gas carbon capture and storage, whereby carbon can be sifted from emission streams before it enters the atmosphere and safely sequestered in geologic storage systems.

Joseph Aldy describes how the United States can work toward its ambitious climate goals and ensure a level playing field for U.S. businesses by using countervailing duties under international trade law, without the need for new legislation.

Robert Stowe details U.S. President Joe Biden's actions on climate change and discusses the implications for U.S. climate change leadership.

Robert Stavins analyzes the challenges for the Biden administration in producing a quantitative statement of how and by how much U.S. emissions of greenhouse gases will be reduced over time in a new Nationally Determined Contribution.

Daniel Schrag argues that in order to reestablish the United States as a serious partner in addressing global climate change, the president must make good on the original standards of the Paris Agreement.

In order to fully appreciate the global climate-change challenge that the Biden administration will face, Robert Stavins reflects on the history of international negotiations that brought us to this point.

Joseph Aldy advocates for a carbon-price benchmark — which could be set initially at $50 per ton and rise over time — that would reflect the benefits of reducing the pollution causing climate change.

Joseph Aldy and Richard Zeckhauser write that the world needs a new strategy to fight climate change aggressively and effectively.

"Trump's decision is a remarkable rebuke to heads of state around the world, as well as corporate leaders in the United States, and some key senior officials within his own administration. The idea, as the president mentioned, is to save jobs, but removing ourselves from this hard-won climate agreement will have no meaningful impact on employment. Those much talked about coal jobs are not coming back."