Climate Change: How To Price Paris

2019-03-27T12:42:51-04:00January 11, 2016|

by Vitor Gaspar, Michael Keen, and Ian Parry

(Versions in عربي中文Español, and Français)

The Paris Agreement on Climate Change is a historic diplomatic achievement. Climate change is a global problem. Many believed that global problem solving would prove elusive: the benefits of cutting emissions arise globally while the costs of doing so are borne nationally, so national self-interest would prevent a meaningful agreement. Paris proves otherwise—creating a commonality of purpose at the global level.  […]

The Price of Oil and the Price of Carbon

2019-03-27T13:39:56-04:00December 2, 2015|

By Rabah Arezki and Maurice Obstfeld

(Versions in عربي中文Français日本語,  Русский, and Español)

“The human influence on the climate system is clear and is evident from the increasing greenhouse gas concentrations in the atmosphere, positive radiative forcing, observed warming, and understanding of the climate system.”Intergovernmental Panel on Climate Change, Fifth Assessment Report

Fossil fuel prices are likely to stay “low for long.” Notwithstanding important recent progress in developing renewable fuel sources, low fossil fuel prices could discourage further innovation in and adoption of cleaner […]

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