Environment & Climate Change

The explosion of youth climate activism in recent years has focused the world’s attention on the problem like never before, but Michael Greenstone, the Milton Friedman Distinguished Service Professor of Economics at the University of Chicago, argues that young activists often err by trying to turn climate change into a moral issue rather than an environmental one. Greenstone shared his thoughts during the latest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program,” a podcast produced by the Harvard Environmental Economics

While stating that climate change is a “huge problem” in need of innovative solutions, Louisiana Congressman Garret Graves (R-6th district) made the case for bridging political divides by aligning environmental sustainability with economic sustainability during a Virtual Forum (view recording here) on Thursday (March 10). The event was hosted by the Harvard Project on Climate Agreements (HPCA) and moderated by Robert Stavins, HPCA Director and A.J. Meyer Professor of Energy and Economic Development. 

The United States and United Kingdom have longstanding traditions in use of environmental benefit-cost analysis (E-BCA). While there are similarities between how E-BCA is utilized, there are significant differences too, many of which mirror ongoing debates and recent developments in the literature on environmental and natural resource economics. We review the use of E-BCA in both countries across three themes: (a) the role of long-term discounting; (b) the estimation and use of carbon valuation; and, (c) the estimation and use of the value of a statistical life. 

Richard Revesz, the Lawrence King Professor of Law at New York University and co-founder of the Institute for Policy Integrity, shared his thoughts on how the transition to a new presidential administration later this month will impact U.S. environmental and climate change policy in the latest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program,” a podcast produced by the Harvard Environmental Economics Program.

Professor Robert Stavins delivered the 2020 Jon Goldstein Memorial Lecture for the University of Minnesota's Department of Economics.

Richard Schmalensee, the Howard W. Johnson Professor of Management Emeritus and Dean Emeritus at the MIT Sloan School of Management, reflected on his many years working on environmental policy in public service and academia in the newest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” 

This discussion paper (available in English and Chinese) describes the evolution of decentralization over the reform period that began in China in 1978, different theories of institutional change in China, and how the empirical and theoretical literatures help scholars and policymakers understand the development of institutions for governing GHG-emitting activities.

The 1970 Clean Air Act established the basic architecture of the U.S. air pollution control system: It was the first environmental law to give the federal government a serious regulatory role, and it became a model for many subsequent environmental laws in the United States and abroad. In this article, the authors describe the evolution of air pollution control policy under this legislation with particular attention to the types of policy instruments used.

In a new essay published in the Journal of Economic Perspectives, HKS Professor Robert Stavins and MIT Sloan School of Management Professor Emeritus Richard Schmalensee argue that economists and policymakers alike will need to re-frame their thinking for addressing the nation’s current environmental challenges, including climate change, to overcome the tremendous political hurdles that now exist.

Lord Nicholas Stern, one of the world’s most prominent climate change economists, told hundreds who gathered at the Geological Lecture Hall on the Harvard campus on October 15 that just as economic and technological change has brought us to this challenging moment in history, so too can it seed the solutions necessary to mitigate the impacts of global warming.