Environment & Climate Change

Decarbonizing existing buildings is a key component of greenhouse gas emission reduction strategies, but private investors have been slow to finance residential decarbonization projects because of a range of barriers. Authors Chang, Fornara, and Sanghvi argue that green banks could play a major role in unlocking public and private financing for projects that are currently financially unviable. 

Economic historian Emma Rothschild, the Jeremy and Jane Knowles Professor of History at Harvard, lauded the efforts of young scholars to discover local solutions to mitigate the impacts of global climate change in the latest episode of “Environmental Insights: Discussions on Policy and Practice from the Harvard Environmental Economics Program.” The podcast is produced by the Harvard Environmental Economics Program.

Stephen Walt advises that in order to prepare students of public policy schools for a rapidly changing world, faculty should teach historical cases where the prevailing theories led to bad policy choices, and where new ones had to be devised to address a novel set of circumstances. 

Joseph S. Nye argues that history shows that globalization is largely driven by technological changes that reduce the importance of distance, and that will not change.

While the Paris Agreement provides the framework for the nations of the world to slow the growth of CO2 emissions, additional policy and technological tools will have to be deployed to meet the challenge of climate change. That’s the perspective expressed by Daniel Bodansky, the Regents’ Professor of Law at the Sandra Day O'Connor College of Law at Arizona State University, 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 Program.

Joshua Schwartz and Sabrina Arias write that although Congress seems unable to act, enough states, cities and counties are mobilizing to make a dent in U.S. carbon emissions. The states, cities, counties, and towns that have committed themselves to upholding the Paris agreement currently release a majority of U.S. carbon emissions. If they do manage to meet their targets, they can make a meaningful difference.

The Danish Minister of Climate, Energy, and Utilities expressed his hope that the tragic war in Ukraine will help accelerate the clean energy transformation by weaning Europe off Russian gas during a Virtual Forum (view recording here) last Friday (April 8). 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. 

Stephen Walt argues that what 9/11 means to future generations depends less on what actually occurred on that day or on how the United States and others responded and more on what the United States and others do from this day forward. 

During the Cold War, US grand strategy focused on containing the power of the Soviet Union. China's rise now requires America and its allies to develop a strategy that seeks not total victory over an existential threat, but rather managed competition that allows for both cooperation and rivalry within a rules-based system.

Guangdong Province ranks first in economic output among China’s provinces and will play a major role in achieving China’s national climate-change goals. This paper examines the progress of Guangdong Province’s carbon dioxide emissions trading system (ETS) in reducing emissions; design features of the system; challenges it faces with regard to further development; and its relationship to China’s new national ETS.