Environment & Climate Change

Steven E. Miller provides an analysis of what the Russian invasion of Ukraine means for the security dynamics of the Arctic and Northern Europe.

Stephen M. Walt describes a "gnawing fear that we are living through a series of disruptions that are overwhelming our collective ability to respond." What does this mean for public confidence in the entire political system, and is there any cause for optimism?

Stephen Walt enumerates the challenges the U.S. president should prepare for in 2021.

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. 

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.

Nobel Prize–winning economist Joseph Stiglitz, University Professor at Columbia University, shared his thoughts on carbon pricing, the post-pandemic economic recovery, and green economy transition during a virtual forum on September 8 sponsored by the Harvard Project on Climate Agreements, and hosted by Robert Stavins, A.J. Meyer Professor of Energy and Economic Development at Harvard Kennedy School.

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.

Stephen Walt writes that the United States' unusual historical experience, geographic isolation, large domestic market, and general ignorance have weakened its ability to make viable foreign-policy strategies.

Stephen Walt writes that several important events occurred in 2019, but few did anything to significantly alter global trends.

In this report, the authors conduct a benchmarking analysis for energy and CO2 emissions intensity of the steel industry among the largest steel-producing countries.